(Dec. 1, 2018 – Source: www.RoyRochlin.com/Getty Images North America)
*Now that he’s finally been recognized by Forbes magazine as a billionaire, will Kanye West go somewhere and sit down? Nope, we highly doubt it.
That’s right if you haven’t heard, a new report from the business magazine has valued the rapper and fashion mogul at $1.3billion. If you’re wondering, it seems the bulk of that wealth comes from West’s stake in his Yeezy sneaker line, which Forbes said was worth $1.26 billion.
And if you’re keeping score, this now means Kanye West is hip-hop’s second billionaire after Jay-Z.
Here’s the breakdown. According to Forbes, West’s music made up a relatively small portion of that wealth, despite being one of the highest-selling artists of the last 20 years. His label GOOD Music, and the rights to his discography were valued at at least $90 million.
When the publication came out with its annual billionaire’s list last month and West didn’t make the cut, he pitched a fit
“You know what you’re doing. You’re toying with me and I’m not finna lye [sic] down and take it anymore in Jesus name,” West texted a member of Forbes’ staff.
That apparently it got somebody’s attention at Forbes and now they’ve added him to the list
RELATED: Kanye West Reveals He’s Ready to Cast His First Presidential Vote for Donald Trump
Meanwhile, much of the rest of West’s financial worth is in assets, such as $81 million in property and $21 million in land in Southern California and Montana. His team also listed him as having $17 million in cash and $35 million in stocks.
And there’s this. Forbes made note of the lack of independent verification of some of the figures West supplied. Despite this, the rapper/entrepreneur said Forbes still undervalued him, claiming a value of $3.3billion. Forbes responded by comparing his self-assessment with an informal rule they used to value President Donald Trump: “take whatever (he) insisted he was worth, divide by 3, and start honing from there.”
Hmm, so having said all that, Forbes says Kanye West is a billionaire, but …
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