According to Celebrity Net Worth Kanye West is now the richest Black person in American history, to date.
With a net worth of $6.6 billion Kanye jumps from fourth place to first, surpassing Oprah‘s $3.5 billion, David Steward‘s $3.9 billion and Robert F. Smith‘s $6.5 billion. Michael Jordan is now the fifth-richest Black person in the US, with $2.2 billion.
Kanye is now the third richest celebrity in the world, behind Steven Spielberg ($7 billion) and George Lucas ($10 billion).
Imagine if Michael Jordan OWNED the Jordan brand and just had a distribution partnership with Nike. That’s what Kanye has with Yeezy and Adidas. If Nike sold the Jordan brand, Michael would continue to earn royalties from the new owner, but he wouldn’t make anything from the sale.
Kanye owns 100% of Yeezy.
Last year extended his partnership with Adidas for another decade, and still maintains 100% creative and equity control.
If the brand continues on its current trajectory, when that 10-year deal is up, Kanye could be left owning of the most valuable apparel brands in the world, as a free agent.
Btw, Kanye also owns around 8,000 acres of undeveloped land in Wyoming, including a $2 million commercial warehouse facility. Did someone say manufacturing?
CNW reports these are West’s revenues from 2017 to 2020:
- 2017 = $300 million
- 2018 = $864 million
- 2019 = $1.5 billion
- 2020 = $1.7 billion
According to the UBS, Kanye personally NETTED $191 million in royalties from his 2020 operations.
The same UBS document shows that outside of his Adidas and Gap partnerships Kanye has around $1.7 billion in other assets, including around $100 million in real estate, a music catalog valued at $110 million and a significant equity stake in his soon-to-be ex-wife Kim Kardashian‘s underwear/shapewear business, Skims.
You’re now wondering if Kim will take a big chunk of those assets in their divorce?