Kanye West's Worth Was Listed at $6.6 Billion, Forbes Says More Like $1.8 BillionLast week, multiple outlets, including Entrepreneur, reported that the artist was worth more than $6 billion, but Forbes has since disputed that figure.
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AfterBloomberginitially reported that hip-hop entrepreneur and producer Kanye West had become the richest Black man in America earlier this week with a worth of $6.6 billion,Forbesdid a recalculation and determined that Yeezy is actually worth $1.8 billion.
According toComplex, after theBloombergstory waspublished, the purported combined value of West's Yeezy and Yeezy Gap deal waslistedat potentially $4.7 billion, added to additional assets he has, led to the revelation of his net worth being estimated at $6.6 billion. That amount would have made him the richest Black person in the United States.
This is when theForbesarticle stated that the $6.6 billion figure wasdisputedbecause the calculations thatBloomberggave were theoretical ones. The $1.8 billion that was determined by Forbes is based oncurrentrevenues instead.
Related:Startup Success: the Kanye Method vs. the Russ Method
Forbes' staff writer Madeline Berg wrote, "West's wildly optimistic approach to his net worth mirrors the approach used by Donald Trump, who insists thevalueof his name be included in any net worth estimate. Trump, who we value at $2.5, says his brand has an intrinsic value, regardless of actual revenue. West and his camp are making a similar argument for businesses attached to the Yeezy name."
XXLhas reported that Vista Equity's Robert F. Smith is actually the richest Black person in the United States as his reported net worth has beenestimatedat $6 billion. Nigeria's Aliko Dangote is listed as the richest Black person in the world with a reported net worth that amounts to $11.8 billion.
Earlier this month, West released his new Yeezy shoes, the Yeezy 450 in Cloud Whites, and it sold out by 7:01 AM on March 6. The shoes were available on YeezySupply.com and Adidas app. Sources say that the shoes had a retail value of $200. Now, people are selling the shoes for double the retail value.
