Kanye West’s Net Worth: Is It Really Over $ 6 Billion?
you born Kanye Omari West is an American rapper and fashion designer with an estimated net worth of $ 6.6 billion.
He is one of the richest three self-made black billionaires in US history. The 21-time Grammy-winning rapper has also moved from music to business in recent times.
We’ve shared everything about Kanye West’s net worth, career, and different sources of income contributing to his massive net worth. Read on!
Kanye West Net Worth: Everything You Need To Know
West started his career in the music industry as a producer and he even wrote songs for some famous names in the music industry like Jay-Z and others.
Kanye West: youth
He was born in 1977 in Atlanta and raised in Chicago after his parents separated. Kanye dropped out of school at the age of 20 because he wanted to be successful in rap and decided to pursue a career in rap.
West began to create rhythms for local artists after he gave up and simultaneously worked on his own style as well.
Kanye West: Rise to Stardom as a rapper
The turning point in his career came in 2000 when he started producing for artists like Ludacris, Alicia Keys and Janet Jackson on the American hip hop label Roc-A-Fella Records.
Despite being a successful producer, West’s initial dream was to be a rapper. He has sold over 150 million albums and received 21 Grammy Awards.
Kanye West Net Worth: Sources of Income
Most of his net worth comes in the form of royalties and other income from his Partnership between the Yeezy brand and Adidas.
According to a private document that was reviewed by Bloomberg, the collaboration of Yeezy with Adidas AG and Gap Inc. is worth between $ 3.2 and $ 4.7 billion (valued by UBS Group AG). Additionally, the singer’s contract with The Gap is estimated at $ 970 million.
Kanye West founded his own label and production company Good music in 2004 in collaboration with Sony BMG. Many famous artists like John Legend, Common, Big Sean, Pusha T, Q-Tip, Kacy Hill, Teyana Taylor, etc. have signed to the label, including West himself.
Kanye West’s other assets
Not only does it have investments in music, but also in other industries like food and drink, creative content, music streaming, etc. He owns the rights to the Chicago fast food chain Fatburger through his company KW Foods LLC.
West founded DONDA, a creative content company in 2012. He also co-owns the music streaming service Tidal with a minority stake. Several other rappers like Jay-Z, Rihanna, Madonna, Chris Martin and Nicki Minaj also have a stake in Tidal.
Kanye West’s offers of endorsement
Outside of music, West has a commercial interest in fashion and design. He has collaborated with international luxury brands like Louis Vuitton and also markets his own lines.
Kanye West’s investments in real estate
Kanye West has invested over $ 160 million in various avenues of real estate like land, buildings and houses in the United States.
He acquired the first installment of his primary residence in suburban Los Angeles in 2014 for $ 23 million. Another $ 28.5 million has been spent to create the Hidden Hills Estate which is expected to be worth over $ 60 million as of now.
He bought a 320-acre estate in Calabasas for $ 16 million and another 6,700-acre ranch in Wyoming for $ 15 million. Kanye recently bought a beachfront home in Malibu in September 2021 for $ 57.3 million.