#Kanye West Is Now Worth $6.6B After Gap Deal
“#Kanye West Is Now Worth $6.6B After Gap Deal”
On Wednesday (March 17), Bloomberg revealed Kanye West’s net worth is now a whopping $6.6 billion. According to the report, West’s sneaker and apparel business with Adidas AG and Gap Inc. is valued at $3.2 billion to $4.7 billion by UBS Group AB. The bank estimated the new Gap collaboration, which fans can expect to hit stores this summer, could be worth $970 million of that total.
View this post on Instagram
To put his wealth into perspective, West has a music catalog worth $110.5 million, $122 million in cash and stocks and over $1.7 billion in other assets, including a large investment in SKIMS, Kim Kardashian’s underwear label.
West has come a long way since claiming he was $53 million in debt in 2016. In February of that year, West took to Twitter to ask Facebook CEO Mark Zuckerberg to invest $1 billion in his work. Zuckerberg could’ve received a handsome return on his investment if he decided to go into business with Kanye.
Kanye West and JAY-Z have been proving that Hip Hop is one of the world’s most lucrative businesses. A few weeks ago, JAY-Z sold half of his Ace of Spades champagne brand to luxury giant LVMH and later topped that by selling a significant TIDAL stake to Square Inc. run by Twitter CEO Jack Dorsey.
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
For forums sites go to Forum.BuradaBiliyorum.Com
If you want to read more Like this articles, you can visit our Social Media category.