Popular rapper, Kanye West reportedly has become the wealthiest American black man in history with a net worth of $6.6billion.
Kanye West becomes the richest American black man with a net worth of $6.6 billion.
According to Bloomberg, Yeezy, West’s sneaker and apparel business with Adidas AG and Gap Inc., is valued at $3.2 billion to $4.7 billion by UBS Group AG.
Also, the value of the new Gap tie-up, which will hit stores this summer, could be worth as much as $970 million of that total, the bank estimated.
Additionally, West currently has full ownership and creative control of the Yeezy brand by himself. This is after he signed a 10-year agreement to design and sell clothes under the Yeezy Gap label in 2020.
Further, Bloomberg noted that the new Gap line is expected “to break $150 million in sales in its first full year in 2022.”
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On the other hand, Kanye has other assets which amount to $1.7Billion. He has $110 million from his music catalogue and $122 million in cash.
This news comes amid his split with his wife Kim Kardashian, who filed for divorce last month.
The couple share four children, North and Chicago, Saint, and Psalm, who will turn 2 in May.
Also, Kanye just bagged his 22nd Grammy Award at the just concluded 63rd ceremony.