Ye born Kanye Omari West is an American rapper and fashion designer with an estimated net worth of $6.6 billion.
He is one of the three self-made richest black billionaires in the history of the US. The 21 times Grammy-winning rapper has made a shift from music to the business world as well in recent times.
We have shared everything related to Kanye West’s net worth, career, and different sources of income contributing to his massive net worth. Read on!
Kanye West Net Worth: All that you need to know
West began his career in the music industry as a producer and he even used to write songs for a few famous names in the music industry like Jay-Z and others.
Kanye West: Early Life
He was born in the year 1977 in Atlanta and raised in Chicago after his parents got separated. Kanye dropped from school when he was 20 years old as he wanted to make it big in the field of rap and decided to pursue a career in rap.
West started making beats for local artists after he dropped out and also simultaneously worked his own style.
Kanye West: Rise to Stardom as a Rapper
The turning point in his career came in the year 2000 when he started to produce for artists like Ludacris, Alicia Keys, and Janet Jackson on the American Hip hop label Roc-A-Fella Records.
In spite of being a successful producer, West’s original dream was to be a rapper. He has sold more than 150 million albums and has been a recipient of 21 Grammy awards.
Kanye West Net Worth: Sources of Income
The major chunk of his net worth comes in the form of royalties and other earnings from his Yeezy brand and Adidas partnership.
Going by a private document that was reviewed by Bloomberg, the collaboration of Yeezy with Adidas AG and Gap Inc. is worth $3.2 billion to $4.7 billion (valued by UBS Group AG). Also, the singer’s deal with The Gap is estimated to be worth $970 million.
It is estimated that the enterprise value of Yeezy is between $3-5 billion. He makes anywhere between $150-$200 million every year as royalties from Yeezy.
Kanye West founded his own record label and production company G.O.O.D Music in the year 2004 in collaboration with Sony BMG.
Kanye West’s Other Assets
He has investments not only in the field of music but also in various other industries like Food and Beverage, Creative content, Music streaming, etc. He owns the rights to the Fatburger fast-food chain in Chicago through his company KW Foods LLC.
West founded DONDA, a creative content company in 2012. He is also co-owner of the music streaming service Tidal with a minority stake.
Kanye West’s Endorsement Deals
Apart from music, West has a business interest in fashion and design. He collaborated with international luxury brands like Louis Vuitton and markets his own lines as well.
Kanye West’s Investments into Real Estate
Kanye West has invested more than $160 million in various real estate avenues like land, buildings, and homes in the US.
He acquired the first tranche of his primary residence in the suburbs of Los Angeles in 2014 for $23 million. Another $28.5 million was spent on this to create the Hidden Hills estate that is expected to be worth more than $60 million as of now.
He bought a 320-acre estate in Calabasas for $16 million and another 6,700-acre ranch in Wyoming for $15 million. Kanye recently bought a beachfront home in Malibu in September 2021 for $57.3 million.
Here is the breakdown of his net worth
- Real estate assets valuation based on market price is $120 million
- Music catalog valuation including G.O.O.D Music is $80 million
- The brand value of Yeezy is around $5 billion
- Valuation of partnership with Gap is approximately $1 billion
- Cash in hand, Investments, and other assets is $400 million