Did Kanye West Make America Great Again
How Much Kanye Westward Is Worth After Officially Changing His Name
Michael Wyke/AP/Shutterstock / Michael Wyke/AP/Shutterstock
The richest Black man in America might soon be the rapper formerly known as Kanye West, according to projected reports from Bloomberg, which foreshadow his upcoming earnings to exist in the $6-7 billion ballpark. In the meantime, a Forbes fact check plant that West's current net worth is really closer to an estimated $1.viii billion, with the Bloomberg effigy having been based on "theoretical futurity expectations" regarding revenue West's bargain with Gap volition yield.
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The rapper legally changed his name to Ye (pronounced yay) on Oct. 18. The petition, which was filed Aug. 24, does not announced to include a middle or last name.
He began using the name in 2018 as a Twitter handle, but it dates equally far back equally 2012, heard in the song 'Clique,' which featured Jay-Z and Big Sean. He noted in a 2020 interview with radio host Large Male child that ye is a give-and-take common to the Bible significant "yous."
While Ye's net worth hasn't been updated since he released his latest album this by summer, information technology's clear that he has amassed an enormous fortune from a combination of business ventures afterward breaking into the music scene with his 2004 album "The College Dropout." However, you might be surprised just how small of a per centum his music contributes to his overall wealth as nosotros dive into how the globe-famous entrepreneur got his get-go.
Early Life and Ascent to Music Stardom
Born Kanye Omari West on June 8, 1977 in Atlanta, Georgia, West lived with his parents, Ray and Donda West, for 3 years until their divorce. His mother then relocated them to Chicago, Illinois. The female parent-son duo went on to live in Cathay for one yr while Kanye was ten, which he said had a huge impact on his life. Donda played a tremendous role as both his female parent and manager, publishing the book "Raising Kanye: Life Lessons from the Mother of a Hip-Hop Superstar" just half dozen months before her passing in November 2007 due to surgery complications.
The American rapper, producer, way designer and entrepreneur beginning began his music career in 2000 as a producer for Jay-Z's Roc-A-Fella Records, working with artists similar Alicia Keys, John Legend and Janet Jackson. In 2002, West was in a severe car crash which left his jaw wired shut and inspired the rail "Through the Wire," which featured on his 2004 debut album "The College Dropout." The album was titled appropriately, equally West had dropped out of the Chicago's American Academy of Art to pursue music.
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The anthology received 10 Grammy nominations and a certified triple platinum in the U.South, taking West to the next level of his stardom. With his newfound fame, he continued to release albums: "Late Registration" in 2005, "Graduation" in 2007, "808s & Heartbreak" in 2008, "My Beautiful Nighttime Twisted Fantasy" in 2010, a collaboration album with Jay-Z titled "Sentry the Throne" in 2011, "Yeezus" in 2013, "The Life of Pablo" in 2016, "Ye" in 2018 and "Jesus is King" in 2019.
Westward is no stranger to accolades, either. He boasts 21 Grammys and 70 Grammy nominations, as well equally his albums "Yeezus" and "The Life of Pablo" both reaching the No.1 position on the Hot 200 Billboard chart.
W has continued to produce music for the likes of 6ix9ine, XXXTentacion, Lil Pump, Chance the Rapper, Kid Cudi, and Teyana Taylor. Fifty-fifty and then, his musical endeavors account for a mere 0.05% of his wealth, or an estimated $90 million. The major stakes in his net worth remain largely in his way brand, Yeezy, which he owns 100% and earns $150-200 1000000 in royalties per yr.
Fashioning a Career
Most of the 44-year-sometime'southward avails come from his fashion ventures, rather than music. His career in the mode manufacture started from a sneaker collaboration project between Nike and himself — Air Yeezys — which launched in 2007. The cult following for West'due south designs quickly grew and somewhen pb to a 10-twelvemonth contract with Nike'due south rival company Adidas in 2013. Two years later, the Yeezy Boost 350 sneaker was born, which created an insane resale value. The coveted shoes skyrocketed in price online, which sneaker-heads lapped up like milk from a spoon.
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The iconic sneakers placed Kanye in a world of his own. Yeezy is gear up to release several new sneakers by the end of this year; three Yeezy Boost 350s V2s called "Mono Ice," "Mono Mist" and "Mono Clay," plus a rumored new 700 V3 colour way which could be glow-in-the-nighttime. The news comes afterwards his major restock on Yeezy Supply August 2d.
In June 2020, Due west'southward Yeezy way brand signed a 10-year partnership with Gap. The co-branded collection called Yeezy X Gap volition range for men, women and children and is expected to tremendously increase the value of the rapper's empire.
Don't get likewise ahead of yourself, the former CEO of Gap, Mickey Drexler, warned Westward. Drexler believes West has some potential red flags in his deal, stating Kayne "is non a corporate person." Only the combined value of Yeezy — an Adidas partnership — and Yeezy X Gap already surpassed $4.7 billion, despite the Gap collaboration not even re-leasing nevertheless.
Kim Kardashian Split
West and Kim Kardashian West announced their shocking split in Feb of this year, afterward several public meltdowns and Twitter rants from the artist, in which he compared his life to the Jordan Peele horror movie "Become Out." The pair had long fought over where they should live and raise their family of iv, with West choosing the sanctuary of his four,524-acre Wyoming ranch and Kim preferring the sprawling hills of Los Angeles, well-nigh her big immediate family.
The separated couple volition eventually take to divvy up their assets in the divorce proceedings, which include an impressive portfolio of existent estate together, stakes in each other'due south companies and custody of their four children — North, Saint, Chicago and Psalm. Despite Kim selling out her stake in Yeezy earlier this yr, Kanye notwithstanding has a reported $64 million agree in Kim'due south lounge and shape-wear make, Skims.
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The A-list divorce is set to be one of the nearly infamous separations to rock the world this year and volition be tasked with tediously separating their combined wealth. Similarly, the world delved into another powerhouse couple divorce this year, the separation of Melinda and Bill Gates' $148 billion net worth.
The couple are said to be on good terms, with Kardashian supporting West at his latest endeavor, the listening party for his latest album titled "Donda" on July 22. The pair coordinated in monochromatic red outfits, with West adorning several unreleased pieces from his Yeezy X Gap line.
Despite being supportive of one some other through the divorce, sources state Kardashian is nevertheless planning an upcoming rebrand of her dazzler line KKW BEAUTY to separate herself from West's last name.
Other Business Ventures
Kanye has e'er lived by the motto "Dream Big," similar when he tried to run for president in 2020. However, this has occasionally ended with some of his concern ventures declining through the years, including his travel company Kanye Travel Ventures, fast-food chain venture with Fatburger and, about recently, his ties to the nonprofit Donda House.
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West has long been philanthropic; in 2011 he and beau rapper Che "Rhymefest" Smith co-created the nonprofit clemency Donda Firm in his hometown of Chicago to laurels his belatedly-mother. The charity become the eye of a controversy in 2018 when Rhymefest tweeted at rapper Drake for support, stating Kanye abandoned the projection.
Kim Kardashian Westward took to Twitter to smash Rhymefest, saying he would no longer exist featured on Kanye's album at the time, "Ye." This backfire came after the nonprofit released a statement in May 2018 that the charity was unable to secure funding for structure and was distancing itself from Kanye West due to his public support of President Donald Trump. The nonprofit quickly rebranded afterward the incident to Art of Culture, Inc. and has separated its ties from Kanye all-together.
Despite all this, West continues to aim high with his efforts. His latest large dream began in 2018, an initiative he announced as Yeezy Home, to create an affordable housing development in Calabasas, California. West fiddled with several "Star Wars"-inspired dome prototypes, which the city eventually made him tear down due to lack of permits.
Yeezy Dwelling house is the architecture arm of his expanded Yeezy empire and aims to tackle the housing crisis by creating depression-income homes equanimous of prefabricated concrete modules, chosen YZY SHLTRS. It is unsure if West is continuing with this projection, but true Kanye fans know to never get as well comfortable, as the artist is e'er coming upwards with something new.
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Last updated: Oct 19, 2021
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