Home / ENTERTAINMENT / Kanye West becomes the richest black man in US history

Kanye West becomes the richest black man in US history

Spread the love

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 Larry

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

Check Also

#FixTheCountry Protesters Trick Ghana Police As They Divert Demo To Online

Spread the love View this post on Instagram A post shared by Ghanaontheglobe.com (@ghanaontheglobe) As  Ghanaontheglobe.com  …

Leave a Reply

Your email address will not be published. Required fields are marked *