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Kanye West becomes the richest black man in American history with net worth of $6.6 Billion

by Nigerian Canadian Newspaper Canada
March 18, 2021
in Entertainment, USA
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Kanye West has emerged as the richest black man in the history of United States as it has been revealed that his personal net worth is $6.6 billion.

The net worth of the 43-year-old celebrity is led by his Yeezy line which is now in collaboration with Adidas AG and Gap Inc, with the business currently valued around $4 billion. 

According to Bloomberg, the imminent collaboration between Yeezy and Gap could worth $970 million of Kanye’s personal net worth with additional income emanating from his music catalog, cash, stocks and business investments like Kim Kardashian’s SKIMS underwear brand.

Apart from having $1.7 billion in other assets, Kanye has $110 million from his music catalogue and $122 million in cash. 

Bloomberg added that he currently has total ownership and creative control of the Yeezy brand by himself after he initially penned a 10-year agreement to design and sell clothes under the Yeezy Gap label in 2020. 

Bloomberg also noted that the new Gap line is expected “to break $150 million in sales in its first full year in 2022.” 

The news of Kanye personal net worth came days after he won his 22nd Grammy for Best Contemporary Christian Music Album for his LPĀ ‘Jesus Is King.’

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