Kanye West has come a long way since his emergence onto the hip hop scene in the mid-2000’s. The musician, who made his start as a producer at Roc Nation, has become one of the most influential rappers of all time with his experimental beats.
And the results have shown with his name becoming synonymous with success and controversy. But Kanye is a rolling stone who always has to be doing something and decided to take his talents to the fashion industry – which is another of his passions.
This is where he made his real money, with Forbes estimating that the rapper made 140 million dollars last year from sales of his Yeezy sneaker line.
While that is the estimate of what he made, the rapper wants people to know that he’s a billionaire despite Forbes not including him in its list of billionaires released last month.
This is a pet peeve for the rapper, something that has caused him to publicly challenge the magazine. “You know what you’re doing,” he texted. “You’re toying with me and I’m not finna lye [sic] down and take it anymore in Jesus name.”
He also added that Forbes was “purposely a part of a group of media” that was trying to undervalue his self-made success because of his race.
His disagreement with the company has caused the rapper to publicly challenge the company. This past Thursday, West told his team to provide Forbes with “what we feel is an authentic numeric look into Kanye, Inc.”
The supply of documents to Forbes has made the company revalue the rapper’s worth. Based on documents, Forbes estimates the final revenue number for the shoes is closer to $1.3 billion.
According to Forbes, a 10x multiple applied to West’s Yeezy cut of $140 million makes his stake worth about $1.4 billion. Forbes reduced the value by 10% as his asset is not very liquid reaching a final number of $1.26 billion.
In the end, Forbes estimates Kanye’s current net worth at $1.3 billion a number that Mr. West still disputes claiming that he’s worth triple that amount.