Celebrated American artist, Kanye West has become the richest black man in American history as he is revealed to be now worth a whopping $ 6.6 billion.
The 43-year-old’s worth is led by his Yeezy line, which is now in partnership with Adidas AG and Gap Inc, with the business valued between $ 3.2 billion and $ 4.7 billion.
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According to Bloomberg, the upcoming collaboration between Yeezy and Gap, hitting stores this summer, “could be worth as much as $ 970 million of that total” with additional revenue coming from its music catalog, cash, stocks and business investments like the SKIMS underwear from his estranged wife Kim Kardashian.
In addition to having $ 1.7 billion in other assets, ‘Ye has $ 110 million from his music catalog and $ 122 million in cash.
West currently has full ownership and creative control of the Yeezy brand on his own after previously signing a 10-year deal to design and sell clothing under the Yeezy Gap label last year, Bloomberg adds.
Citing the document obtained by him, Bloomberg noted that the new Gap line is expected to “exceed $ 150 million in sales in its first full year in 2022.”
The news of Kanye’s courage comes days after his 22nd Grammy Award for Best Contemporary Christian Music Album for his Jesus Is King LP.
It also comes amid his separation from his wife Kim Kardashian, who filed for divorce last month.
Source:www.Ghgossip.com
