BEVERLY HILLS, March 18, (THEWILL) – Born-again American rapper and music producer, Kanye West, is the richest African-American in the United States.
According to Bloomberg, West is officially worth $6.6 billion which makes him the richest Black man in America today.
The fashion mogul around the same time last year was a certified billionaire through the help of his successful apparel and sneaker brand, Yeezy, and a fresh multi-year contract with Gap (NYSE: GPS +1.64%).
Business of Fashion stated that the Yeezy brand is valued at $3.2 to $4.7 billion and the new Yeezy Gap line which is expected to be released later this summer is worth more than $970 million.
Since the rapper remains the sole owner of the Yeezy company, many of his personal net worth is connected to his recent business decisions and the $1.7 billion that he keeps from additional assets and his huge investment into his soon-to-be ex-wife’s Skims label.
An unaudited balance sheet of the rapper’s finances indicates that West has $122 million in cash and stock, and his entire music catalogue is worth $110.5 million.
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