Kanye West becomes the richest black man in US history Nehanda Radio

nehandaradio March 18, 2021 Kanye West 117
Kanye West becomes the richest black man in US history  Nehanda Radio

Kanye West has become the richest black man in U.S. history, with his net worth reported to have reached $6.6bn (4.7bn).

Jul 5, 2020 36,262 According to Bloomberg, Wests Yeezy brand and deals with Gap and sportswear giant Adidas is valued at $3.2bn (2.2bn) to $4.7bn (3.4bn). The new Yeezy Gap line, set to be released later this summer, is expected to be worth more than $970m (694m). As he is the sole owner of the Yeezy company, much of Wests personal net worth comes from there. Some of his wealth also comes from the $1.7bn (1.5bn) that he earns from additional assets including his significant investment in his soon-to-be ex-wifes Skims label. Reality star Kim Kardashian who herself became a billionaire last summer recently filed for divorce from the Gold Digger rapper after nearly seven years of marriage. TMZ said sources described the divorce as amicable, saying Kardashian West is asking for joint legal and physical custody of the couples four children, which West is fine with. Despite the COVID pandemic, sales for Yeezys Adidas trainers continued to grow, rising by 31% to nearly $1.7bn (1.5bn) in annual revenue last year and making Yeezy $191m (136.7m) in royalties, according to a private document reviewed by Bloomberg. An unaudited balance sheet of Wests finances has also revealed that West has $122m (87m) in cash and stock, while his entire music catalogue is worth $110.5m (79m). Read more

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