Here’s why Kanye West is now a Billionaire

April 25, 2020 6:06 PM

Kanye West was born in Atlanta, Georgia, US on June 8, 1977. His mother was an English professor and was also the rapper’s manager before her death.

His father was one of the first black photojournalists and he was also a Black Panther member.

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 The Hip hop rapper Kanye West who recently became a Christian, is now officially a billionaire after his sneaker line was described as “one of the great retail stories of the century”, according to Forbes magazine.

  Despite being officially classed as a billionaire, West believed Forbes undervalued him and he was unhappy.

The superstar and fashion designer, who has been longing for the status value is now at $1.3bn (£1.05bn).

Kanye West reportedly sent a message to one of their employees that said: “It’s not a billion.

“It is 3.3 billion since no one at Forbes knows how to count.”

Forbes has valued his ‘Yeezy sneaker line’ alone at $1.26bn (£1.02bn).

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Kanye West brand is “challenging Nike’s Air Jordan for sneaker world supremacy” and is “one of the great retail stories of the century” the magazine reports.

Forbes reported that his GOOD Music record label and the rights to his back catalogue are worth at least $90m (£73m) in total.

For the last 20 years, the 42-year-old is also one of the most acclaimed and biggest-selling music artists.  

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His team reported that Kanye’s other assets are $81m (£66m) in property and $21m (£17m) inland.

The superstar and his wife, Kim Kardashian who is a reality TV star, is known to own properties in Wyoming and Los Angeles

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Due to a lack of independent verification for its figures, West was listed as having debt of about $100m (£81m), Forbes revealed.

That totals a net worth of $1.3bn (£808m), according to the magazine.

He is now above sister-in-law Kylie Jenner, who has a $1bn network, mainly because of her cosmetics business.

West was upset because of an article last year as Forbes did not class him as a billionaire in it.

He is said to have messaged a reporter saying it was a “disrespectful article” that was “purposely snubbing me”.

Kanye was further provoked earlier this month when Forbes released its annual billionaire’s list, with his name absent.

“You know what you’re doing “You’re toying with me and I’m not finna lye down and take it anymore in Jesus name.” , ” Kanye reportedly messaged a Forbes journalist and complained.


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