Kanye West has been reported to be the richest Black man in US history, with a nett worth of $6.6 billion.
The 43-year-net old’s worth is led by his Yeezy line, which is currently in collaboration with Adidas AG and Gap Inc, with the company priced between $3.2 billion and $4.7 billion.
According to Bloomberg, the new Yeezy x Gap partnership, which is expected to hit shops this summer, “could be worth as much as $970 million of that total,” with additional profits coming from his music catalogue, currency, stocks, and business interests such as estranged wife Kim Kardashian’s SKIMS underwear brand.
In addition to $1.7 billion in other investments, ‘Ye has $110 million from his music library and $122 million in cash.
West now has exclusive ownership and artistic control of the Yeezy brand, according to Bloomberg, despite previously signing a 10-year deal to produce and distribute clothing under the Yeezy Gap label last year.
Bloomberg reported, citing a paper acquired by their outlet, that the current Gap line is forecast to “break $150 million in revenue in its first full year in 2022.”
Kanye’s nett worth was announced just days after he won his 22nd Grammy for Best Contemporary Christian Music Album for his album Jesus Is King.
It also coincides with his divorce from ex-wife Kim Kardashian, who filed for divorce last month. The couple has four children: daughters North, 712, and Chicago, 3, as well as sons Saint, 5, and Psalm, who will turn two in May.