Kanye West Now Worth $6.6B – Reports

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FILES) In this file photo taken on November 6, 2019 US rapper Kanye West attends the WSJ Magazine 2019 Innovator Awards at MOMA in New York City. Rapper Kanye West, a former child actor, a libertarian and a prohibitionist by the name of Phil Collins. Voters who are not sold on Donald Trump or Joe Biden have an array of other candidates to choose from in next week’s US election – some more serious than others.
Angela Weiss / AFP

 

American rapper and entrepreneur, Kanye West has reportedly notched up his net worth to $6.6 billion in less than a year, which is largely due to his Yeezy fashion brand.

This comes barely after a year when Forbes released a document that the rapper’s net worth was close to $1.3 billion after taking into account Kanye’s debt, assets, and expenses.

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“It’s $3.3 billion since no one at Forbes knows how to count.” was his witty remark to the publication in a Twitter post.

According to Bloomberg, the 43-year-old rapper’s sneaker and clothing line which is supported  by Adidas AG and Gap Inc. is said to be valued between $3.2 billion and $4.7 billion by UBS Group AG, according to media sources.

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The new figures signal  that Gap expects its Yeezy line, which it plans to launch by July, to break $150 million in sales in its first full year in 2022, according to the document.

Gap envisions it becoming a billion-dollar revenue brand within eight years, with an upside case of sales exceeding $1 billion as soon as 2023, the document shows.

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