Rapper turned fashion designer Kanye West has stepped up to disclose his multi-billionaire status after Forbes magazine reportedly underestimated his worth.
A piece released from the leading business title set his net worth at USD 1.3bn after they made a speculative assessment of his overall worth, which was supported by some documentation from Kanye’s camp.
Forbes said the statement of assets supplied to them by his team listed USD 17m in cash and USD 35m in stock, and included his Yeezy sneaker line worth a staggering USD 1.26bn. The magazine went on to commend this as “one of the great retail stories of the century.”
As one of the most acclaimed and biggest-selling artists of the past two decades, West also boasts a music catalog estimated to be worth at least USD 90m. His other assets were said to include USD 102m in property and land and the magazine also added that they estimated West was carrying approximately USD 100m in debt.
Forbes ended up landing on a figure of USD 1.3bn in total, placing him above his billionaire sister-in-law Kylie Jenner, who is worth just over USD 1bn due to a hugely successful cosmetic and beauty business.
However, Kanye himself has recently spoken out and questioned the legitimacy of these figures. Notably disgruntled with Forbes and claiming that they had undervalued his worth he reportedly said in a text to the magazine: “It’s not a billion,” adding, “It’s USD 3.3 billion since no one at Forbes knows how to count.”
That’s one way to set the record straight but we’ve come to expect nothing less from West.