26th April 2020
Kanye West has been declared a billionaire by Forbes, but the rapper claims the magazine downplayed his actual net worth.
Forbes valued the Grammy winner, 42, at $1.3 billion, making him the hip hop industry’s second billionaire after pal Jay-Z. However, West insisted that his net worth is actually much higher. Forbes reports that the “Power” rapper corrected the publication, writing them in a text, “It’s $3.3 billion since no one at Forbes knows how to count.”
The majority of West’s wealth comes from his Yeezy sneaker line, which Forbes estimates is worth $1.26 billion. The “I Love It” rapper’s GOOD Music label and the rights to his discography were valued at $90 million. West’s other financial assets include $81 million in property and $21 million in land. Overall, the Illinois native has $17 million in cash and $35 million in stocks.
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