Kanye West has been kicking Forbes to crown him a billionaire for some time.
In fact, he’s been telling the elite money mag his net worth is three billion.
West has finally provided Forbes the paperwork needed to get official billionaire status.
Almost all of his net worth is in his Yeezy brand. The shoes, not the clothes. Forbes doesn’t believe Yeezy makes anything on apparel.
While Kanye does own 100 percent of Yeezy, all of the brand’s kicks are produced, marketed, and distributed by Adidas, which Forbes says makes Yeezy a “complicated” asset.
Conservatively, as we typically are with such figures, a 10x multiple, applied to West’s Yeezy cut of $140 million makes his stake worth about $1.4 billion. But that’s a private, highly-illiquid $1.4 billion — our rule-of-thumb for private assets like that is to lop off at least 10%. That’s $1.26 billion,” Forbes figured.
Adding Kanyes properties and music catalog and subtract all of his famous debt, Forbes ends up rounding up from $1.26 billion to 1.3 billion. For us its always great to see our culture leaders shoot to the top. This is only for motivational purpose only
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