Kanye West Is Officially a Billionaire—Here’s the Breakdown, According to Forbes

According to the outlet, the multi-hyphenate recently provided documents that is believed to be an “authentic numeric look into Kanye, Inc.” After analyzing his assets, Forbes determined Kanye was, in fact, a billionaire—something he claimed during an appearance at the 2019 Fast Company Innovation Festival.

“When I did Forbes, I showed them a $890 million receipt and they still didn’t say ‘billionaire,'” Kanye told the audience.

Well, according to the publication’s estimates, it appears Ye is worth just a little over $1 billion; a large chunk of which comes from his highly successful Yeezy brand and its partnership with Adidas.

Per Forbes:

Our sources told us last year that West’s agreement calls for him to receive a royalty around 15% 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%. At that rate, he would have received royalties of over $140 million from Yeezy sales last year …

Conservatively, as we typically are with such figures, a 10x multiple, applied to West’s Yeezy cut of $140 million makes his stake worth about $1.4 billion. But that’s a private, highly illiquid $1.4 billion — our rule-of-thumb for private assets like that is to lop off at least 10%. That’s $1.26 billion.

Frank
Frankhttp://www.fremermedia.com
Frank Fremer is a seasoned journalist, blogger and political analyst for over a decade in Uganda

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