Kanye West net worth
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What is Kanye West’s net worth?
Kanye West is an American producer, rapper, fashion designer and entrepreneur. At the time of writing, Kanye West’s net worth is $6.6 billion. He is one of the three richest self-made blacks in American history.
Kanye became widely known after the album was released in 2004 College dropoutToday, he is one of the most successful and most awarded musicians on the planet, winning 21 Grammy Awards out of 69 nominations. In recent years, he has moved from music to the business world. His Yeezy/Adidas partnership has earned West considerable wealth.
In recent years, Kanye has earned at least $100 million a year from his various efforts. The vast majority of his income comes from royalties and other income related to his Yeezy brand and Adidas partnership.
Yeezy has its own Yeezy clothing line alone, which is 100%, but earns more than 1.5 billion US dollars in royalties from sales each year. According to estimates by several private banks, Yeezy is a brand valued at USD 4-50 billion. In March 2021, UBS valuation estimated that Yeezy increased Kanye’s net asset value by US$300 million to US$400 million. The same report estimated that Kanye’s transaction with The Gap increased West’s net assets by another $1 billion.
When evaluating Kanye West’s net assets, we considered the following assets and liabilities:
assets:
- Real estate assets = 120 million U.S. dollars
- Music catalog including GOOD Music = 80 million USD
- Yeezy.com website = USD 100 million
- Yeezy brand value = USD 5 billion
- Value of Gap partners = USD 1 billion
- Cash, stocks and other assets = USD 400 million
Total assets = US$6.7 billion
Liabilities and other considerations = $100 million
Net worth = 6.6 billion U.S. dollars
Early life and career start
Kanye Omari West was born on June 8, 1977 in Atlanta, Georgia. After his parents divorced when he was three years old, West and his mother moved to Chicago, Illinois. There, he met his producer/DJ No ID and started experimenting with music. In 1997, he received a scholarship to enter the American Academy of Art, but transferred to Chicago State University to study English. Eventually, he dropped out of school at the age of 20 to pursue his own music career.
After dropping out of college, West began to make beats for local artists while honing his own style. His first official production was the debut album of Chicago rapper Grave. Be practical,In the year 1996. Other artists he produced during this period include Foxy Brown, Deric “D-Dot” Angeletti and Harlem World.
Rise to fame and music career
In 2000, West became the producer of Roc-A-Fella Records, working with artists such as Ludacris, Alicia Keys, and Janet Jackson, which resulted in major breakthroughs.His works in the Jay-Z 2001 album blueprint There was a strong interest in West’s talent as a producer. His production credits during this period include impressive talent rollovers, including Jay-Z, Beyoncé, John Legend, Alicia Keys and Janet Jackson.
Despite his success as a producer, West’s main dream is to become a rapper. In 2001, after being refused to sign a contract with Capitol Records, he managed to persuade the head of Capitol Records to sign with Roc-A-Fella Records.
In a serious car accident in October 2002, his jaw was broken, West was inspired and recorded this song Through wires His jaw is still tightly closed.This song laid the foundation for his debut album College dropout, It was leaked months before the scheduled release date in August 2003. West used this time to remix, remake and edit it, postponing its release three times. College dropout It was finally released in February 2004 and was widely acclaimed. He won 10 Grammy nominations and finally obtained triple platinum certification in the United States.
When he started working on his second album, West invested $2 million in the production and even hired a live string band.RiseEat registration It was released in August 2005 and sold more than 2.3 million units in the United States by the end of the year.His subsequent albums include Graduate (2007), 808 Years and Heartbreak (2008), My beautiful dark twisted fantasy (2010), a collaboration album with Jay-Z Watch the throne (2011), Jezus (2013), The life of Pablo (2016), leaf (2018), and Jesus is king (2019).
West release album Jezus year 2013. The album is number one on the Billboard 200 charts, the American R&B and American rap charts, and four other countries.His album The life of Pablo Released in 2016, it ranks first on the Billboard 200 rankings and second on the US rap and US R&B rankings. West’s single “FourFiveSeconds” (in collaboration with Rihanna and Paul McCartney) ranked first on the American R&B charts. In 2017, he was nominated for six Grammy Awards. His next album, leaf Released in June 2018. Unfortunately, leaf It was the first album in Kanye’s career that did not win a platinum record.
In addition to his own albums and releases, West also continues to serve as producer and guest artist for other musicians, including 6ix9ine, XXXTentacion, Lil Pump, Chance the Rapper, Kid Cudi and Teyana Taylor. Other music-related projects he has worked on include his weekly “Sunday Service” orchestra with the Sunday Service Choir, where they have performed every Sunday since January 2019. He also collaborated with contemporary artist Vanessa Beecroft to create two operas, Nebuchadnezzar and Mary.
| Kanye West’s annual income: | |
| year | income |
| 2007 | 17,000,000 USD |
| Year 2008 | 30,000,000 USD |
| Year 2009 | 25,000,000 USD |
| year 2010 | 12,000,000 USD |
| year 2011 | 16,000,000 USD |
| 2012 | 35,000,000 USD |
| year 2013 | 20,000,000 USD |
| Year 2014 | 30,000,000 USD |
| 2015 | 22,000,000 USD |
| 2016 | 18,000,000 USD |
| 2017 | 22,000,000 USD |
| 2018 | 90,000,000 USD |
| 2019 year | $100 million |
| 2020 year | USD 200 million |
| All: | 437 million USD |
(Photo: Kevork Djansezian/Getty Images)
Yeezy
West has long expressed his interest in fashion and was the first non-athlete to enter into a footwear deal with Nike in 2009 with Air Yeezys sneakers. He also collaborated with Louis Vuitton, Bape and Giuseppe Zanotti to design shoes. In addition, he also released two clothing collections at Paris Fashion Week in 2011 and 2012.
In December 2013, Adidas officially announced the signing of a new shoe cooperation agreement with West. The “light brown” Yeezy Boost 750 sneakers were first released on February 14, 2015, exclusively for New York City on the Adidas mobile app, and sold out within 10 minutes. As of December 2017, Adidas and Yeezy’s sneakers have released a total of 19 colors and 6 designs. In 2015, West collaborated with Adidas to launch the first season of his Yeezy clothing line. Season 2 will be launched later that year soon, and Season 3 will be launched in February 2016.
After his early release success, Adidas announced in June 2016 that it had signed a long-term contract with West. Kanye receives an average of 10% royalties from Adidas’ net income. He earns high royalties on goods sold through his website YeezySupply.com instead of Adidas.com. His mixed average royalty rate is about 10%.
It should be noted that at the time of writing, Kanye owns 100% of Yeezy’s clothing collection.
Good music
In 2004, Kanye and Sony BMG co-founded the record company and production company GOOD Music. “GOOD” is an abbreviation for “realize our dreams”. Artists signed with the brand include West himself, John Legend, Common, Big Sean, Pusha T, Q-Tip, Kacy Hill and Teyana Taylor.
Other assets and philanthropy
He also owns KW Foods LLC., which owns the rights to the Fatburger fast food chain in Chicago. In January 2012, West announced the establishment of DONDA, a creative content company named after his late mother Donda West. In addition, West is the co-owner of the music streaming service Tidal, as well as other music artists such as Jay-Z, Rihanna, Madonna, Chris Martin and Nicki Minaj. Most of the participating stakeholders own 3% equal shares.
His philanthropy includes the Kanye West Foundation, which benefits the education of African-American and Latino children. In addition, he has also contributed his time, talents and talents to organizations such as Hurricane Katrina Relief, World Water Day, and Life on Earth. money.
real estate
Kanye West owns approximately US$160 million worth of real estate (land, buildings and houses) in the United States.
Kim/Kanye’s main residence is a vast estate located on the outskirts of Los Angeles in Hidden Hills, California. The estate is composed of multiple connected plots, the first plot of which was acquired in 2014 through two separate transactions for 23 million U.S. dollars. The first iteration of their property was a newly built mansion on 4.5 acres. The couple spent millions of dollars in customizing, rearranging and expanding their houses in a few years. In 2019, they expanded their estate through two separate transactions of adjacent properties to create a 7.5-acre conjoined behemoth.
The real estate transaction alone cost a staggering $28.5 million to create the Hidden Hills estate. Tens of millions of dollars are spent on decoration.
The current assessed value of their Hidden Hills estate is 60 million USDIn September 2021, Kim paid Kanye US$23 million to officially transfer the property to her. Approximately US$3 million of this was spent on household items.
In September 2021, Kanye spent US$57.3 million to purchase a waterfront residence in Malibu.
Other real estate assets include:
- A 320-acre estate on Stokes Canyon Road in Calabasas, valued at US$16 million. This is where his Sunday service takes place, and he tried to build a series of domes before the Los Angeles County Building Commission closed due to permit issues.
- A 6,700-acre ranch in Wyoming called Bighorn Mountain Ranch-$15 million
- A 1,400-acre ranch named The Monster Lake Ranch-$14 million
- $2 million commercial real estate in Cody, Wyoming
He owns a total of US$150 million worth of California real estate and US$30 million of Wyoming real estate, a total of US$120 million in public records.
personal life
West’s relationship with designer Alexis Phifer lasted from 2002 to 2008, and he dated model Amber Rose from 2008 to 2010. He started dating reality TV star Kim Kardashian in April 2012 and got married in May 2014. The couple has four children in total.
Kanye West Net Worth 2019
The following is the calculation we used to determine Kanye West’s net worth of $600 million in 2019:
assets:
- Real estate assets = 120 million U.S. dollars
- Music catalog including GOOD Music = 80 million USD
- Yeezy brand value = USD 500 million
- Other assets = 20 million USD
Total assets = 720 million US dollars
Liabilities and other considerations = $100 million
Net assets in 2019 = 600 million USD (conservative error rate of 20 million USD)
Generalize
As of 2020, Kanye West’s net assets are 6.6 billion U.S. dollars. He can be said to be the most influential music artist in the past few decades. He also expanded into charity and fashion empire through his Yeezy brand.
