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Kanye West becomes the richest black man in US history

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Kanye West has become the richest black man in US history, with his net worth reported to have reached $6.6bn (£4.7bn).

The new total has been reported by Bloomberg and gives West a commanding lead over the likes of investor and businessman Robert F Smith and basketball legend Michael Jordan.

After claiming he was $53m (£38m) in debt just three years ago, the rapper and fashion tycoon became a certified billionaire last year with the help of his successful apparel and sneaker brand, Yeezy, and a new multi-year contract with clothing retailer Gap.

Yeezy, West’s sneaker and apparel business with Adidas AG and Gap Inc., is valued at $3.2bn (£2.2bn) to $4.7bn (£3.4bn). Pic: FASHION SOCIETYImaYeezy,
West’s sneaker and apparel business with Adidas and Gap, is valued at $3.2bn (£2.2bn) to $4.7bn (£3.4bn). Pic: Fashion Society

According to Bloomberg, West’s Yeezy brand – and deals with Gap and sportswear giant Adidas – is valued at $3.2bn (£2.2bn) to $4.7bn (£3.4bn).

The new Yeezy Gap line, set to release later this summer, is expected to be worth more than $970m (£694m).

As he is the sole owner of the Yeezy company, much of West’s personal net worth comes from there.

Some also comes from the $1.7bn (£1.5bn) that he earns from additional assets – including his significant investment into his soon-to-be ex-wife’s Skims label.

About Osman Nuhu

Am a certified truth-teller/blogger/Student with a distinguished opinion to life. C.E.O of Ghanaontheglobe.com, For Promos/Ads/Booking for Events contact: 0548555750/ [email protected]

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