Congrats!!! Kanye West Becomes Second Hip Hop Billionaire – Forbes

American Rapper Kanye West has been declared Billionaire by Forbes, this has made him the second hip hop billionaire after Jay Z hit the billionaire status a year ago.

It was recalled that Kanye West had begged Mark Zuckerberg and Others in 2016 to invest in him after he ran into $53million debts, has today officially become a billionaire and worth $3.3billion.

The Rapper last year was rated as the richest rapper in 2019 with sales and Royalties but this year he has enclipsed his previous figures to become a billionaire.

The magazine calculated the worth of the artist’s assets, including West’s Yeezy sneaker collaboration with Adidas, which Forbes estimated brought him royalties of over $140 million from sales last year, properties, assets and his G.O.O.D. record label, worth at least $90 million.

The final total of $1.3 billion, the magazine said, took into account debts,”asset illiquidity” and the magazine’s tendency to “look at self-appraisals somewhat skeptically.”

Forbes reported that West insists his worth stands at $3.3 billion, and he texted the magazine to say: “It’s $3.3 billion since no one at Forbes knows how to count.” But the figure of $1.3 billion still puts him on an exclusive list.

This has made him and his wife combined Billionaire couple with a net worth of $3.7bn.

Drop your comments?

Join Our WhatsApp Updates [CLICK HERE]