Kanye West has announced his return to the billionaire club, claiming his revamped Yeezy brand has fueled a stellar financial comeback.
allhiphop.com
Allhiphop.com has pioneered hip-hop journalism since 1998. Get our daily email for exclusive news and weekly digests, all curated for true hip-hop lovers. Stay connected and know the heartbeat of hip-hop culture. Subscribe now!
subscription
kanye west The controversial rapper has lost multiple lucrative partnerships and faced widespread backlash amid his anti-Semitism controversy, but the controversial rapper claims his net worth has rebounded, making him richer than ever , and ensured his re-entry into the billionaire club.
After months of polarization, Kanye has reorganized his business enterprise to focus on rebuilding his Yeezy brand through direct-to-consumer sales and limited-edition drops, gradually repairing his financial empire.
It’s working, and his net worth is now $2.77 billion, according to West and Eton Venture Services.
The founder of Yeezy took to Instagram on Thursday night to announce his multi-billion dollar post. The company noted that West’s valuation is based on his music portfolio and his sole ownership of the Yeezy Mark. ”
Back in October, Forbes announced that Kanye West had lost his billionaire status after stepping down from Adidas following a series of anti-Semitic comments and anti-Black remarks.
Forbes estimates Kanye West’s net worth at $400 million after losing $1.5 billion Adidas deal, based on real estate, cash, music catalog and Kim Kardashian Kardashian’s body-shaping brand to assess his wealth. However, Kanye disputes this, claiming he is worth $3 billion and valuing his Adidas partnership at $4.3 billion.
Last week, West declared himself the GOAT after making more than $2 million from his Yeezy website.
The surge follows the release of the $20 Yeezy SLPr. Ye shared the success on Instagram, “$2,339,096 in 24 hours.”
View this post on Instagram
The new shoe releases come just days after Adidas wiped all traces of the controversial artist and his merchandise.
Meanwhile, West was busy working on his Bully album and daughter North’s debut LP.
Relevant