Kanye West is now reportedly the second richest African-American with a net worth of over $6 billion
- 21 Mar 2021
Gulf Today Report
Some people might call Kanye West crazy, but now he’s crazy rich.
The hip-hop superstar is now the second richest Black person in the United States, according to a report in Bloomberg, as per IANS.
The 43-year-old's net worth is close to $6.6 billion, due in part to his sneaker business and apparel brand called Yeezy, which values between $3.2 billion and $4.7 billion.
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West seems to be getting the last laugh after publicly calling out Forbes for misreporting his wealth at $1.4b last year.
The 22-time Grammy winner and failed 2020 presidential candidate also reportedly has $122 million in cash and stock in his war chest, as well as a music catalogue worth $110 million.
According to the outlet, the rest of his assets are valued at $1.7b.
His new tie-up with GAP, which will hit stores this summer in the US, is estimated to be worth $970 million.
However, West’s Gap deal doesn’t include footwear, as that area is fully covered by his successful collaboration with Adidas that runs until 2026.
In early March, the latest release from his Adidas: YEEZY line, the YEEZY 450 in Cloud White, sold out in under one minute.
West’s new net worth makes him the second richest African American, only behind private equity giant Robert F. Smith, who is reportedly worth $7 billion.
West and his wife, reality star Kim Kardashian, recently filed for divorce after being married for seven years.
