Home news Kanye West Reaches Billionaire Status Thanks To His 'Yeezy' Brand

Kanye West Reaches Billionaire Status Thanks To His 'Yeezy' Brand

1,691 views | April 25, 2020 | News | By hiphopallaround

In a report from Forbes on Friday (April. 24), Kanye West has officially achieved billionaire status, reportedly making him the just second rapper to do so after Jay-Z. Even though Ye is confirmed as a billionaire by Forbes now, it is expected that Dr. Dre and Sean 'Diddy' Combs have achieved that milestone long ago as well, but however officially by Forbes.


In the Forbes report, it is Kanye's 'Yeezy' brand under the Adidas wing that officially has pushed him to the $1 billion net worth. The 'Yeezy' brand reportedly ended 2019 with $1.5 billion in revenue. A large percentage of the rapper's net worth can reportedly be attributed to his deal with Adidas, "royalty around 15 percent of Yeezy revenue from Adidas. Upon closer inspection, it appears some expenses are carved out of that slice, bringing his actual cut closer to 11 percent. At that rate, he would have received royalties of over $140 million from Yeezy sales last year," it reads in the report.




To be officially receiving the billionaire status by Forbes, Ye and his team provided the publication with a statement of his assets, which showed $17 million in cash, $35 million in stocks, $81 million in buildings and improvements, $21 million in land, and last but not least his label and publishing rights, estimated to worth at least $90 million.

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In a report from Forbes on Friday (April. 24), Kanye West has officially achieved billionaire status, reportedly making him the just second rapper to do so after Jay-Z. Even though Ye is confirmed as a billionaire by Forbes now, it is expected that Dr. Dre and Sean ‘Diddy’ Combs have achieved that milestone long ago as well, but however officially by Forbes.


In the Forbes report, it is Kanye’s ‘Yeezy’ brand under the Adidas wing that officially has pushed him to the $1 billion net worth. The ‘Yeezy’ brand reportedly ended 2019 with $1.5 billion in revenue. A large percentage of the rapper’s net worth can reportedly be attributed to his deal with Adidas, “royalty around 15 percent of Yeezy revenue from Adidas. Upon closer inspection, it appears some expenses are carved out of that slice, bringing his actual cut closer to 11 percent. At that rate, he would have received royalties of over $140 million from Yeezy sales last year,” it reads in the report.







To be officially receiving the billionaire status by Forbes, Ye and his team provided the publication with a statement of his assets, which showed $17 million in cash, $35 million in stocks, $81 million in buildings and improvements, $21 million in land, and last but not least his label and publishing rights, estimated to worth at least $90 million.

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