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Kanye West Is Officially a Billionaire

By HHL JT
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Kanye West has been pushing Forbes to crown him a billionaire for some time.

In fact, he's been telling the money mag his net worth is three billion.

Ye has finally provided Forbes the paperwork needed to get official billionaire status.  

Almost all of his net worth is in his Yeezy brand. The shoes, not the clothes. Forbes doesn't believe Yeezy makes anything on apparel.  

While Kanye does own 100 percent of Yeezy, all of the brand's kicks are produced, marketed, and distributed by Adidas, which Forbes says makes Yeezy a "complicated" asset. 

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," Forbes figured.

If you add Kanye's properties and music catalog and subtract all of his famous debt, Forbes ends up rounding up from $1.26 billion to 1.3 billion.

Which, they point out, is 300 million more than the net worth of his billionaire half-sister-in-law Kylie Jenner.

Read about Kanye's billion-dollar valuation -- and the Trumpian math he uses to try to get it to $3 billion -- here.

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Posted In: News Kanye West

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