Kanye West’s Net Worth Skyrockets To $6.6 Billion After Gap Deal
Kanye West’s Net Worth Skyrockets To $6.6 Billion After Gap Deal! In April 2020, Forbes reported that Kanye West had crossed over to the billionaire club after the rap superstar apparently crossed the rare threshold. The rapper’s estimated net worth was reportedly $1.3 billion back then attributed primarily to his Adidas Yeezy sneaker line. Now, almost a year down the line, that net worth has skyrocketed following the rapper’s deal with Gap.
Bloomberg reported yesterday (Wednesday March 17) that Kanye West’s net worth is now a whopping $6.6 billion. According to the report, Kanye West’s sneaker and apparel brand with Adidas AG and Gap Inc. is estimated to be worth the range of $3.2 billion to $4.7 billion by UBS Group AB. The bank estimated that the new Gap collaboration could be worth $970 million of that total. The products are expected to hit stores this summer.
To put Kanye’s wealth into perspective, the rapper has a music catalog valued at $110.5 million, his cash and stocks are valued at $122 million while other assets account for over $1.7 billion, including a substantial investment in SKIMS, Kim Kardashian’s underwear label.
Since claiming he was $53 million in debt in 2016, Kanye West has really come a long way thus far. In February 2016, West took to Twitter and requested Facebook CEO Mark Zuckerberg to invest $1 billion in his work. Though Knaye didn’t have his wish granted, that didn’t dim his entrepreneurial spirit. Had Zuckerberg decided to go into business with Kanye at the time, he definitely could’ve received a handsome return on his investment.
Going by recent happenings, Kanye West and JAY-Z are proving to the world that Hip Hop is one of the world’s most lucrative careers. Just recently, JAY-Z sold 50 percent of his Ace of Spades champagne brand to luxury giant LVMH and when we thought that was enough, he topped that by selling a significant stake in TIDAL to Twitter CEO Jack Dorsey’s Square Inc.
