photo credit: Rob Kim l Getty Images
Earlier this week, Kanye West took home his 22nd Grammy for his recent ‘Jesus Is King’ project, and while he may be in the midst of a divorce from wife Kim Kardashian, West’s bank account definitely has some new zeros to celebrate.
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According to a new report from Bloomberg, the 43-year-old rapper’s sneaker and apparel business YZZY, which is in collaboration with both Adidas AG and Gap Inc, is valued from valued at $3.2 billion to $4.7 billion by UBS Group AG. Also, the value of the Gap tie-up, which hits stores this summer, is expected to rake in $970 million of the estimated total. As Gap expects to bring in $150 million in 2022 for the first full year, sales for Yeezy’s Adidas sneakers remained continued to grow during the pandemic from 31% to nearly $1.7 billion in annual revenue. Bloomberg also states that West has $122 million in cash and stock, his entire music catalog is worth $110.5 million, and more than $1.7 billion in other assets, including a significant investment in Kim Kardashian’s underwear collection Skims.
Last year, West claimed to be worth an estimated $3 billion, and now updated Forbes numbers makes him the wealthiest Black man in American history!