Kanye West is now officially classed as a billionaire, according to Forbes. The rapper and fashion designer, who runs brand Yeezy, has a personal net worth of $1.3 billion (around £1.04 billion) according to the American business magazine, which was given access to West’s personal finances.
Much of West’s financial success comes from his stake in his fashion label, which was valued at $1.26 billion (£1 billion). Forbes described the brand as “one of the great retail stories of the century”. It is widely considered to be one of the most influential sneaker brands in the world, with its styles remaining much-coveted items season after season.
West’s other personal assets include $17 million in cash, $35 million in stocks, $81 million in property, $21 million in land, while the rights to his back catalogue are valued at $90 million, and he has debts of around $100 million.
West has publicly disagreed with Forbes for failing to class him as a billionaire in the past, which is why he chose to share his personal finances with the magazine – and, despite this new article, West is still not happy, arguing that they have got the numbers wrong.
“It’s not a billion,” West reportedly said in a text to the magazine (according to The Guardian). “It’s 3.3 billion since no one at Forbes knows how to count.”
West is not the only member of his family to be classed as a billionaire. His 22-year-old sister-in-law, Kylie Jenner remains the youngest self-made billionaire with a net worth of around $1 billion, thanks to her make-up line.
From: BAZAAR UK