Kanye West is officially a BILLIONAIRE: Forbes says rapper is worth $1.26bn after his huge stake in Yeezy and vast land ownership is revealed – but he claims sum is closer to $3.3bn
- Rapper Kanye West is worth a reported $1.26 billion, according to a Friday report by Forbes Magazine
- West follows sister-in-law Kylie Jenner, 22, who was named by Forbes as the youngest ‘self-made’ billionaire for the SECOND year in a row
- Forbes claim West was unhappy when his name was left out of the annual list earlier this month, which included Kylie
- West is reportedly already displeased with the article, alleging that his net worth is actually closer to $3.3 billion
- He is alleged to have texted the Forbes journalist Thursday evening saying: “It’s $3.3 billion since no one at Forbes knows how to count”
Kanye West has officially joined the billionaires club.
In a Forbes Magazine article published Friday, it reveals how the rapper recently provided documents to the publication, giving them an “authentic numeric look into Kanye, Inc.” to prove the feat.
However, the article notes that West was left unhappy with their research and findings – stating that he believes his net worth to be around $3.3 billion, rather than the $1.26 billion they have estimated.
He’s made it: Kanye West has officially joined the billionaires club, according to a Friday report from Forbes Magazine
The article suggests West has been eager to prove his financial status for some time, noting that he had previously claimed to be a billionaire during an appearance at the 2019 Fast Company Innovation Festival.
“When I did Forbes, I showed them a $890 million receipt and they still didn’t say ‘billionaire,'” Kanye told the audience.
Forbes’ Zack O’Malley Greenburg reveals in the article how West himself admitted that he “was not a numbers guy” yet texted him to say the August issue of Forbes last year was a “disrespectful article,” that was “purposely snubbing me” failing to name him as a billionaire.
Credit due: The publication has valued West’s assets at just over a billion, claiming that he is worth around $1.26 billion, while the rapper had claimed that the figure was around $3 billion.
Perhaps in an effort to smooth things over – and after being provided with the appropriate documents from West – the publication has now valued his assets at just over a billion, claiming that he is worth around $1.26 billion.
Yet the rapper is still said to be unhappy, claiming that the figure should be around $3 billion at least.
“It’s not a billion,” West allegedly texted the publication Thursday night. “It’s $3.3 billion since no one at Forbes knows how to count.”
Ouch: When that annual billionaires list appeared earlier this month, which featured Kylie Jenner for a second year in a row, Kanye was reportedly unhappy to be left out
The news comes after West’s sister-in-law Kylie Jenner, 22, was named by Forbes as the youngest ‘self-made’ billionaire for the second year in a row after selling off 51% of her cosmetics brand.
When that annual billionaires list appeared earlier this month, the writer of the article claims that West was not happy with his name being absent.
“You know what you’re doing,” O’Malley Greenburg claims West texted. “You’re toying with me and I’m not finna lye [sic] down and take it anymore in Jesus name.”
He is then claimed to have texted that Forbes was “purposely a part of a group of media” that was unwilling to give him the credit he was asking for because of his race.
Family fortunes: Kanye pictured with his wife Kim and their children in December last year
Per the report, West’s team provided statements that showed the rapper has $17 million in cash, $35 million in stocks, $81 million in “buildings and improvements” and $21 million in land.
The article notes that the money in buildings and land come mainly from the homes that she shares with wife Kim Kardashian West, and their children North West, six, Psalm West, four, Saint West, two, and Chicago West, 11 months.
Forbes also delved into Adidas Yeezy, the fashion collaboration between the rapper and the German sportswear brand, which they claim has a revenue worth of around $1.3 billion – making West around $140 million from sales just last year.
Forbes estimate that West’s Yeezy cut of the $140 million makes his stake worth about $1.4 billion, however, they noted that it’s a ‘private, highly-illiquid $1.4 billion’ pegging it closer to $1.26 billion.
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