Kanye West the wealthiest black man on earth.
The 43 year old rapper, Kanye West, is worth $6.6 billion (R98 bn), a significant increase from the amount that was reported as being worth back in April 2020 by Forbes, People magazine resported.
Lead by his sneaker and apparel business Yeezy, which is currently in partnership with Adidas AG and Gap Inc., the business is valued between $3.2 billion (R47 bn) and $4.7 billion (R69 bn) by UBS Group AG.
Last year at this time, West claimed that his net worth was more than $3 billion (R44 bn), which is more than billionaires such as Oprah Winfrey, but that report wasn’t accurate. Forbes reported that his net worth at the time was $1.3 billion (R19 bn), but to that, West said, “It’s not a billion. It’s $3.3 billion (R48 bn) since no one at Forbes knows how to count.”
West has full control and ownership over the Yeezy brand and has signed a 10-year contract to sell clothing under the YZY/GAP umbrella. Citing the document obtained by their outlet, Bloomberg noted that the new Gap line is expected “to break $150 (R2.2 bn) million in sales in its first full year in 2022.”