According to Forbes, rapper Kanye West is officially a billionaire with a total of $1.3 billion. On Friday, Forbes gave the hip hop star the title after West shared his financial records.
Short Read –
- According to Forbes, rapper Kanye West is officially a billionaire.
- On Friday, Forbes gave the hip hop star the title after West shared his financial records.
- Forbes said, ‘West’s team lists $17 million in cash and $35 million in stocks.’
- The final total of $1.3 billion, the magazine said, took into account debts.
- Forbes reported that West insists his worth stands at $3.3 billion.
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Full Article –
Forbes journalist Zack O’Malley Greenburg said that when the magazine featured West on the cover of the magazine last year, they didn’t label him a billionaire.
“Without sufficient documentation on his unusual stake, versus just his word and industry guesstimates, we didn’t call him a billionaire,” O’Malley Greenburg wrote.
The magazine calculated the price of the artist’s belongings, together with West’s Yeezy sneaker collaboration with Adidas, which Forbes estimated introduced him royalties of over $140 million from gross sales last year, properties, belongings, and his G.O.O.D. record label, price no less than $90 million.
The final complete of $1.3 billion, the magazine stated, took into account money owed,”asset illiquidity” and the magazine’s tendency to “have a look at self-appraisals considerably skeptically.”
Forbes reported that West insists his worth stands at $3.3 billion, and he texted the magazine to say: “It is $3.3 billion since nobody at Forbes is aware of how one can count.” However, the figure of $1.3 billion nonetheless places him on a unique checklist.
It additionally sees him worth greater than his sister-in-law, Kylie Jenner, who was dubbed the “youngest-ever self-made billionaire” in 2018.
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Kanye Omari West is an American rapper, singer, songwriter, record producer, entrepreneur, and fashion designer.
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