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Kanye West is Reportedly Worth $6.6 billion – Is it True?

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kanye west net worth

Kanye West is an American producer rapper, designer, fashionista and an entrepreneur. At the time of writing the net worth of Kanye West stands at $6.6 billion. He is among three most successful self-made black men in US history.

Kanye has gained a lot of attention since when he released his album The College Dropout. In the present, he is among the highest-rated and highly acclaimed artists on the planet, having won 21 Grammy wins from 69 nominations. In recent times, he has turned his attention to business. The partnership between Adidas and Yeezy has earned West an impressive sum.

In recent times, Kanye has made at least $100 million annually through his many ventures. Most of his earnings been derived from royalties as well as other revenue associated with the Yeezy label and Adidas collaboration.

Yeezy independently owns his own Yeezy clothing line in full 100%, but he earns an income from the revenues which exceed $1.5 billion annually. According to various private estimates by banks, Yeezy is a $4- $5 billion company. In March 2021 an UBS valuation estimates that Yeezy can add around $3-4 billion to Kanye West’s net worth. According to the same report, Kanye’s arrangement in partnership with The Gap adds another $1 billion to West’s wealth.

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The most important facts

  • Are you the wealthiest african-American in US the history of America?
  • Has sold more than 140 million albums and singles in his career
  • Has 100 million dollars worth of property
  • Music catalog is valued at $110 million
  • Ownership of 100% of Yeezy
  • Earns between $150 and $200 million in Yeezy royalty payments each year
  • The enterprise value of Yeezy adds 3 to 5 billion dollars more than Kanye’s total net worth
  • It has a collaboration that it has with The Gap that’s worth $1 billion

Kanye West Net Worth:

$6.6 Billion

What is the net worth of Kanye West?

Kanye West is an American producer and rapper as well as a fashion designer and an entrepreneur. At the time of writing the net worth of Kanye West was $6.6 billion. Kanye West is among three highest-paid self-made black men in US history.

Kanye became famous after when he released his album The College Dropout. In the present, he is among his most popular and highly acclaimed artists on the planet, and has 21 Grammy wins, out of 69 nominations. In recent years , he’s turned his attention to working in the corporate world. The partnership between Adidas and Yeezy has earned West a substantial amount of money.

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In the last few years, Kanye has made at least $100 million annually from his numerous ventures. Most of his earnings been derived from royalties as well as other income associated with the Yeezy label and Adidas collaboration.

Yeezy is also the sole owner of his own Yeezy clothing line for 100%, but he earns an income from the sales , which amount to $1.5 billion annually. According to various private estimates by banks, Yeezy is a $4 to $5 billion company. In March 2021 an UBS valuation found that Yeezy can add around $3-4 billion to Kanye West’s net worth. The same report estimates that Kanye’s partnership in partnership with The Gap adds another $1 billion to West’s wealth.

Key Facts

  • Are you the wealthiest individual of blacks in US time
  • Has sold more than 140 million albums/singles throughout his career
  • owns 100 million dollars in real estate
  • Music catalog is valued at $110 million
  • Ownership of 100% of Yeezy
  • Earns between $150 and $200 million in royalties from Yeezy every year
  • The enterprise value of Yeezy adds 3 to 5 billion dollars more than Kanye’s total net worth
  • It has a relationship that it has with The Gap that’s worth $1 billion

In the process of assessing Kanye West’s Net Worth we’ve considered his assets and debts as follows

Assets:

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  • Real estate assets = $120 million
  • Music catalogue , including G.O.O.D Music = $80M
  • Yeezy.com website is worth $100 million
  • The value of Yeezy brand is $5 billion.
  • The value of the Gap partnership equals $1 billion
  • Other assets equals $400 million

Total assets equals $6.7 billion

Other considerations and liabilities 100 million dollars

Net Worth = $6.6 billion

The Beginning of Life as well Career Beginnings

Kanye Omari West was born the 8th of June 1977. He was born in Atlanta, Georgia. After the divorce of his parents at the age of three, West moved with his mother to Chicago, Illinois. In Chicago, he began to experiment in music following a meeting with DJ/producer I.D. I.D., who mentored him. He was awarded a scholarship to go to at the American Academy of Art in 1997, however, he transferred onto Chicago State University to study English. Then after graduation, he quit school at the age of 20 to pursue a career in music.

After leaving college, West began creating beats to local performers, while developing his personal style. His first production credits came from the debut album by Chicago hip-hop artist Grave, Down to Earth in 1996. Other artists he produced during this time period are Foxy Brown, Deric “D-Dot” Angelettie, and Harlem World.

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The Rise of Fame as well as Music Career

The year 2000 was when West received his biggest breakthrough when he began to produce at Roc-A-Fella Records, working with artists like Ludacris, Alicia Keys, and Janet Jackson. The work he did on Jay-Z’s album The Blueprint attracted a great deal of attention in his skills as producer. His credits as a producer during this time include an impressive list of artists which includes Jay-Z, Beyonce, John Legend, Alicia Keys and Janet Jackson.

Despite his accomplishments as producer, his primary goal was to become a rapper. The year 2001 was the time he was able to convince the director of Capitol Records to sign him to Roc-A-Fella Records after being denied the opportunity to sign a contract to Capitol Records.

Following a fatal car crash in the month of October 2002, during which the jaw was broken, West was inspired and made the track “Through the Wire while his jaw wired shut. The track laid the groundwork for the album he released as his debut The College Dropout that was released weeks before its planned publication date, which was in the month of August. West took advantage of the leak to revamp, remix and alter the track, delaying the album’s launch three times. The college dropout was finally released in February 2004 , to great critical acclaim. The album earned West an impressive 10 Grammy Award nominations, and eventually , triple platinum certification across the US.

When he started working on his next album West put two million dollars in the project including hiring an orchestra live. The album the ate of The Registration first came out on August of 2005 and sold more than 2.3 million copies across the United States by the end of the year. The following albums by him consist of Graduation (2007) and 808s and Heartbreak (2008), My Beautiful Dark Twisted Fantasy (2010) the album of collaboration with Jay-Z Watch the Throne (2011), My Beautiful Dark Twisted Fantasy (2010), Jay-Z The Watchers of The Throne (2011), Yeezus (2013), The Life of Pablo (2016), Ye (2018) And Jesus is King (2019).

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West released her album Yeezus in the year 2013. The album was a top-ranked album in the Billboard 200 chart as well as the US R&B and US Rap charts, as well as in the four countries mentioned above. The album The Life of Pablo was released in the year 2016 and was top spot in the Billboard 200 chart and #2 on the US Rap and US R&B charts. The single by West “FourFiveSeconds” (with Rihanna and Paul McCartney) reached #1 on the US R&B chart. In 2017, he got nominated to the nominations for six Grammy Awards. His album following that, Ye was released in June of 2018. Unfortunately, Ye was the first album of Kanye West’s career not to be platinum.

Alongside his own releases and albums, West has continued working as a producer and featured artists for other artists like 6ix9ine, XXXTentacion, Lil Pump, Chance the Rapper, Kid Cudi, and Teyana Taylor. Other projects related to music he has taken on includes his regular “Sunday service” orchestration in conjunction with The Sunday Service Choir, where they have been performing each Sunday from January of 2019. He also worked with the contemporary musician Vanessa Beecroft on two operas, Nebuchadnezzar and Mary..

Kanye West Earnings By Year:
Year Earnings
2007 $17,000,000
2008 $30,000,000
2009 $25,000,000
2010 $12,000,000
2011 $16,000,000
2012 $35,000,000
2013 $20,000,000
2014 $30,000,000
2015 $22,000,000
2016 $18,000,000
2017 $22,000,000
2018 $90,000,000
2019 $100,000,000
2020 $200,000,000
Total: $437,000,000

Yeezy

West has always expressed his passion for fashion He was also the only non-athlete to sign an exclusive shoe deal with Nike through his 2009 Air Yeezys sneaker. He has also created footwear for Louis Vuitton, Bape, and Giuseppe Zanotti. He also launched two lines of clothing at Paris Fashion Week in 2011 and 2012.

In December of 2013, Adidas officially announced its new partnership with West. This Yeezy Boost 750 sneaker in “Light Brown” was released for the first time in February 2014. It was only available through the Adidas mobile app for people who reside in New York City, and quickly sold out in less than 10 minutes. In December of 2017, 19 designs and 6 colors were available in the Adidas and Yeezy sneakers collaboration. The year 2015 saw West released season 1 of his clothing line in partnership with Adidas. Season 2 quickly followed later in the year, followed by season 3 in February of 2016.

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In the wake of the success of his first albums, Adidas announced a long-term agreement in June 2016 with West in June of 2016. In the average, Kanye earns 10 percent royalty on net revenue from Adidas. He receives a higher royalty on merchandise sold through his website YeezySupply.com and not Adidas.com. The average of his blended royalty is approximately 10 percent.

It is worth noting that Kanye owns all of the Yeezy apparel brand at the time of writing.

G.O.O.D Musik

In 2004, Kanye established an album label as well as a production firm G.O.O.D Music, which is owned by Sony BMG. “G.O.O.D” can be described as an abbreviation to mean “getting out our hopes.” The artists signed to this label are West his self, John Legend, Common, Big Sean, Pusha Q-Tip, T, Kacy Hill, and Teyana Taylor.

Additional Assets, Philanthropy and Other

He also is the owner of KW Foods LLC., who owns all rights for the Fatburger fast-food restaurant in Chicago. On January 12, 2012 West made public the launch of DONDA which is a content-based creative company named in honor of the late wife of his Donda West. Furthermore, West is a co-owner of the music streaming platform Tidal as well as other musicians like Jay-Z, Rihanna, Madonna, Chris Martin, and Nicki Minaj. A majority of the parties are credited with 33% of the equity stake.

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His charitable ventures comprise Kanye West Foundation, which is his philanthropic venture. Kanye West Foundation, which helps to fund education for African American and Latino children as well as donating time, money and talent to the Hurricane Katrina aid, World Water Day, and Live Earth, among other organisations.

Real Estate

Kanye West owns around $160 million worth of real estate properties in the US (land and buildings and even homes).

The Kim/Kanye principal residence is an enormous estate located in Hidden Hills, an LA area in Hidden Hills, California. This estate is made up of multiple connected parcels, the most recent of which was purchased in 2014, in two separate transactions worth $23 million. The initial version of their property included an entirely new mansion set on 4.5 acres. The couple spent millions over the course of several years of customizing, rearrangement and expanding the house. In 2019 , they expanded their estate by making two separate deals for neighbouring properties, resulting in a conjoined 7.5-acre gigantic.

An astounding $28.5 million was paid for real estate transactions to construct Hidden Hills Estate. Hidden Hills estate. More than ten million dollars were spent on renovations.

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They’re Hidden Hills estate’s current assessed value is approximately 60 million. In September 2021, Kim gave Kanye $23 million in order to transfer the property to her name. The majority of the money was allocated to the interior of the home.

In September 2021, Kanye paid $57.3 million on a beachfront house located in Malibu.

Additional real estate properties that are included include:

  • A 320-acre property situated on Stokes Canyon Road in Calabasas which is valued at $16 million. It is the place the place where his Sunday Service has been held, and where he tried to construct a set of domed structures prior to being stopped in the hands of LA County’s building commission. LA County building commission for permit-related issues.
  • A ranch of 6,700 acres is called Bighorn Mountain Ranch in Wyoming $15 million
  • A 1,400-acre ranch dubbed The Monster Lake Ranch – 14 million
  • A $2.5 million property for commercial use located in Cody, Wyoming

He owns 150 million dollars worth of California real estate, and $30 million worth of Wyoming real estate for an amount of $120 million publicly available.

Life

West was in a relationship on and off and designer Alexis Phifer that lasted from 2002 until 2008, and the model he was with was Amber Rose from 2008 to 2010. He began dating reality television star Kim Kardashian in April 2012, and the couple were married in May of 2014. Together, they have four children.

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Kanye West Net Worth 2019

Below is the formula we used to calculate Kanye West’s net worth for 2019 of $600 million.

Assets:

  • Real estate assets = $120 million
  • Music catalog, including G.O.O.D Music equals $80 million
  • The value of Yeezy brand is $500 million.
  • Other assets equal $20 million

Total assets = $720 millions

Other considerations and liabilities 100 million dollars

The 2019 net worth is $600 Million (with a reasonable 20% error margin)

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Summary

As of the year 2021, Kanye West’s net worth is $6.6 billion. He’s probably the most influential musician in the past few decades. He has also expanded his horizons to charitable endeavors and has an entire fashion empire with the Yeezy brand.

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