Monday, April 19, 2021
HomeUncategorizedBillionaire Kanye West becomes richest Black man in U.S. history

Billionaire Kanye West becomes richest Black man in U.S. history

Kanye West has become the richest Black man in U.S. history, with a reported net worth of $6.6 billion (£4.7 billion).

The new total has been reported by Bloomberg and sees West soar past the likes of investor and businessman Robert F Smith and basketball legend Michael Jordan.

Just three years ago, the Gold Digger rapper claimed he was $53 million (£38 million) in debt, but in 2020, Forbes reported he had become a billionaire thanks to his successful apparel and Adidas sneaker brand, Yeezy, and a new multi-year contract with clothing retailer Gap.

According to editors at Bloomberg, West’s Yeezy brand – and Yeezy Gap line, which will debut this summer – is valued at $3.2 billion to $4.7 billion (£2.3 billion to £3.3 billion). As the sole owner of the Yeezy company, most of West’s personal net worth comes from there.

He is also a significant investor in his estranged wife, Kim Kardashian’s Skims shapewear line which is part of the $1.7 billion (£1.2 billion) the publication stated he earns from additional assets.

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