‘Imma Let You Finish!’: Forbes says Kanye West is *only* worth US$1.8 billion
Numerous outlets,
That report by Bloomberg says West’s Yeezy sneaker line and Yeezy Gap clothing brand have a combined value of $4.7 billon. Plus the rapper turn businessman has $1.7 billion in other assets.
However, Forbes
Magazine says the reports of the artiste’s wealth are greatly exaggerated.
Forbes says West
actually has a net worth of $1.8 billion, a significant difference but more
than the $1.3 billion they reported him at last May
In addressing the difference, Forbes said his wealth is inflated on assumptions of projected future earnings, especially for Yeezy Gap which hasn’t even launched.
With no revenue, let
alone profits, Forbes says assuming the lline will be popular is a bit of a
stretch. Similarly, the assumption that Yeezy continues to be the juggernaut it
is now is also optimistic, although it notes the brand has room for growth (and
even increased revenue by 30 per cent in 2020).
The actual breakdown
of Yeezy’s wealth, impressive, but not richest black person in America
impressive, is as follows:
Yeezy: $1.5 billion
Cash and other assets: $160 million
Music catalogue: $90 million
Skims: $64 million
Yeezy X Gap: $0