The rapper sneaker and clothing store Yeezy is worth between $ 3 billion and $ 47 billion

The 43-year-old rapper is worth $ 6 billion, a significant increase from the amount Forbes reported valuable in April 2020, PEOPLE confirms

Led by his sneaker and clothing store Yeezy, which is now in partnership with Adidas AG and Gap IncThe company is valued at between $ 3.2 billion and $ 4.7 billion from UBS Group AG

The value of the new Gap collaboration with Yeezy, slated to hit stores this summer, “could be worth up to $ 970 million,” Bloomberg reported, citing a bank estimate

The “famous” rapper has $ 1 billion in cash and stock and $ 110 million from his music catalog, $ 7 billion in other assets, including the SKIMS business of estranged wife Kim Kardashian (Kardashian filed for divorce in mid-February The couple share four children: daughters North (7½) and Chicago (3) and sons Saint (5) and Psalm (2), who will be 2 years old in May)

RELATED: Kanye West Believes His Failed Presidential Campaign Cost His Marriage to Kim Kardashian: source

West currently has full ownership and creative control of the Yeezy brand itself and signed a 10-year contract to design and sell clothing under the Yeezy Gap label last year, Bloomberg adds >

There, West will make items for men, women and children, but the deal excludes shoes as Yeezy’s partnership with Adidas lasts until 2026

Citing document received from their point of sale, Bloomberg stated that the new Gap line is expected to generate sales of $ 150 million in its first full year of 2022 “

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Back in April 2020, West claimed his net worth was more than $ 3 billion – which would make him wealthier than other famous billionaires like Oprah Winfrey – after Forbes reported that his net worth was much lower than it claims

While West hit the 10-digit milestone in his net worth, Forbes reported that the rapper is worth $ 1 billion according to a previous report

Despite analysis by the business magazine, West claimed his net worth was higher, allegedly writing to Forbes, “It’s not a billion, It’s $ 3 billion because nobody at Forbes can count”

Kanye West

World News – US – Kanye West is worth $ 6 billion – and more than half of that is thanks to its Yeezy brand

Source: https://people.com/music/kanye-west-is-worth-6-billion-dollars/