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In addition to being a rapper, Kanye West is also an American fashion designer, producer, and businessman. To date, Kanye West has amassed a fortune in the billions. To date, he is one of the three wealthiest self-made African-Americans in American history.
The College Dropout, Kanye’s debut album, became a worldwide hit in 2004 and catapulted him to stardom. He has won 21 Grammy Awards out of 69 nominations, making him one of the most successful and well-recognized musicians in the world today. Over the past few years, he’s shifted his focus from music to entrepreneurship. Adidas and Yeezy have made a fortune for Kanye West.
Table of Contents
Kanye West
| Net Worth: | $6.6 Billion |
| Date of Birth: | Jun 8, 1977 (45 years old) |
| Gender: | Male |
| Height: | 5 ft 8 in (1.73 m) |
| Profession: | Record producer, Songwriter, Singer, Actor, Film Producer, Rapper, Businessperson, Screenwriter, Fashion designer, Music Video Director |
| Nationality: | United States of America |
Kanye West has made at least $100 million a year in recent years through his various businesses. He has made most of his money from royalties and other sources related to his Yeezy brand and Adidas partnership, which accounts for the majority of his earnings.
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Yeezy is the sole owner of his Yeezy clothing line, which he owns 100 percent, but he receives a royalty on sales that top $1.5 billion annually. Yeezy is estimated to be worth between $4 and $5 billion, according to several private bankers. Kanye’s net worth is expected to rise by $3-4 billion in March 2021, according to a UBS valuation. According to the same report, Kanye West’s deal with The Gap adds $1 billion to his net worth.
KEY FACTS
- Is the richest black person in US history
- Has sold 140 million albums/singles in his career
- Owns $100 million worth of real estate
- The music catalog is worth $110 million
- Owns 100% of Yeezy
- Earns $150-$200 million in Yeezy royalties every year
- Yeezy’s enterprise value adds $3-5 billion to Kanye’s net worth
- Has a partnership with The Gap that’s worth $1 billion
Consider the following assets and liabilities when determining Kanye West’s net worth:
Assets:
- Real estate assets = $120 million
- Music catalog including G.O.O.D Music = $80 million
- Yeezy.com website = $100 million
- Value of Yeezy brand = $5 billion
- Value of Gap partnership = $1 billion
- Cash, equities, and other assets = $400 million
Total assets = $6.7 billion
Liabilities and other considerations = $100 million
Early Life and Career Beginnings
His birthday is June 8th, which makes him 41 years old today. When his parents divorced at the age of three, West moved to Chicago, Illinois, with his mother. While there, he was introduced to producer/DJ No I.D., who helped guide his musical explorations. To pursue his interest in English at Chicago State University, he took a scholarship to the American Academy of Art when it opened in 1997. To pursue his music career, he eventually dropped out of school at the age of 20.
Kanye West’s current net worth has been estimated to be $1.3 billion, officially making him a billionaire 💸💰 pic.twitter.com/PIzZiI3thJ
— Modern Notoriety (@ModernNotoriety) April 24, 2020
He started making beats for local artists after he dropped out of college to develop his style. In 1996, Grave’s debut album, Down to Earth, was his first official production credit. Foxy Brown, Deric “D-Dot” Angelettie, and Harlem World are among the other artists for whom he produced during this period.
Rise to Fame and Music Career
When he started working as a producer for Roc-A-Fella Records in 2000, West got his big break. He worked with artists like Ludacris, Alicia Keys, and Janet Jackson. West’s work as a producer on Jay-2001 Z’s album The Blueprint sparked significant interest in his abilities. The list of artists he has worked with on his productions over the years includes Jay-Z, BeyoncĂ©, John Legend, Alicia Keys, and Janet Jackson, to name just a few.
However well-known he may be as a producer, Kanye West’s lifelong ambition was to become a rapper. After being rejected by Capitol Records, he persuaded the head of the label to sign him to Roc-A-Fella Records in 2001.
The song Through the Wire was recorded with West’s jaw still wired shut after he suffered a serious car accident in October 2002. His debut album The College Dropout was leaked months before its scheduled August 2003 release date because of this song. Remixes, remasterings, and re-edits took up the majority of West’s time, resulting in three delays. A year after its initial release, The College Dropout earned him 10 Grammy Award nominations and went on to achieve triple platinum status in the United States.
After spending two million dollars on the production of his second album, Kanye West even hired a real string orchestra. More than 2.3 million units were sold in the US by the end of Late Registration’s release in August 2005. Graduation (2007), 808s & Heartbreak (2008), My Beautiful Dark Twisted Fantasy (2010), My Beautiful Dark Twisted Fantasy (2011), Yeezus (2013), The Life of Pablo (2016), Ye (2018), and Jesus Is King (2018) are some of his subsequent albums (2019).
When Yeezus was released in 2013, it was a huge success for Kanye West. Billboard 200, R&B and Rap charts, and four other countries all voted it the best album of 2013. On the Billboard 200, The Life of Pablo debuted at No. 1 and ranked No. 2 on the US Rap and US R&B charts. “FourFiveSeconds” (with Rihanna and Paul McCartney) was the top R&B song in the United States for the second week in a row. There were six Grammy nominations for him in 2017. In June of this year, he released his latest album, Ye. Unfortunately, Ye was Kanye’s first non-platinum release.
Additionally, West has continued to collaborate with other artists, including 6ix9ine, XXXTentacion, and Lil Pump; Chance the Rapper; Kid Cudi; and Teyana Taylor; he’s also worked as a producer. In addition to his weekly “Sunday Service” orchestration with the Sunday Service Choir, he has also worked on several other music-related projects. On two operas, Nebuchadnezzar and Mary, he collaborated with contemporary artist Vanessa Beecroft.
| Kanye West Earnings By Year: | |
| Year | Earnings |
| 2007 | $17,000,000 |
| 2008 | $30,000,000 |
| 2009 | $25,000,000 |
| 2010 | $12,000,000 |
| 2011 | $16,000,000 |
| 2012 | $35,000,000 |
| 2013 | $20,000,000 |
| 2014 | $30,000,000 |
| 2015 | $22,000,000 |
| 2016 | $18,000,000 |
| 2017 | $22,000,000 |
| 2018 | $90,000,000 |
| 2019 | $100,000,000 |
| 2020 | $200,000,000 |
| Total: | $437,000,000 |
Yeezy
Yeezys were the first Nike shoe to be designed by someone other than an athlete, and Kanye West was the first non-athlete to do so. He has collaborated with Louis Vuitton, Bape, and Giuseppe Zanotti on footwear designs. Also at Paris Fashion Week in 2011 and 2012, he launched two clothing lines.
Adidas announced its new shoe collaboration with Kanye West in December of 2013. On February 14, 2015, the “Light Brown” colorway of the Yeezy Boost 750 sneaker went on sale exclusively through the Adidas mobile app in New York City, where it sold out in less than 10 minutes. The Adidas x Yeezy sneaker collaboration had been released in 19 different colorways and 6 different designs as of December 2017. Adidas and Kanye West unveiled the first collection of his Yeezy clothing line in 2015. In the following months, Season 2 was released, and Season 3 premiered in February of 2016.
Adidas signed Kanye West to a long-term deal in June 2016 after his early releases were a hit. Adidas pays Kanye a 10% royalty on the company’s net profits. YeezySupply.com has a higher royalty rate than Adidas.com for merchandise sold there. Ten percent is the average royalty rate he receives on all of his work.
As of this writing, Kanye West is the sole owner of the Yeezy clothing line.
G.O.O.D Music
In 2004, Kanye joined forces with Sony BMG to launch G.O.O.D Music, a record label and production company. Get out our dreams is the acronym for “G.O.O.D.” The label’s roster includes Kanye West, John Legend, Common, Big Sean, Pusha T, Q-Tip, Kacy Hill, and Teyana Taylor, to name just a few of the stars.
Other Assets and Philanthropy
One of his other businesses is Fatburger Holdings LLC. in Chicago, which owns the rights to the fast-food restaurant chain. To honor his late mother Donda, Kanye announced the creation of his own creative content company called DONDA in January 2012. In addition, Kanye West, Jay-Z, Rihanna, Madonna, Chris Martin, and Nicki Minaj are all co-owners of the music streaming service Tidal. A 3 percent equity stake in the project is held by the majority of the parties involved.
One of Kanye West’s philanthropic endeavors is the Kanye West Foundation, which aids African American and Latino children’s education, in addition to donating his time and resources to Hurricane Katrina relief and other causes.
Real Estate
In the United States, Kanye West owns approximately $160 million in property (land, buildings, and homes).
Located in the Los Angeles suburb of Hidden Hills, Kim and Kanye West have a sprawling estate. The first piece of this estate was purchased in 2014 for $23 million in two separate transactions. In the beginning, they had a newly-built mansion on 4.5 acres of land. Over several years, the couple invested millions of dollars in customizing, rearranging, and expanding their house. They added 7.5 acres to their estate in 2019 through two separate purchases of neighboring properties.
To build the Hidden Hills estate, a staggering $28.5 million was spent solely on real estate transactions. Renovations have cost tens of millions of dollars.
The current assessed value of their Hidden Hills estate is more than $60 million. Kim paid Kanye $23 million in September 2021 to officially transfer ownership of the property to her. The house’s interior furnishings cost about $3 million.
Kanye West paid $57.3 million in September 2021 for a Malibu beachfront home.
Other real estate assets include:
- A 320-acre property in Calabasas, California, is worth $16 million. He has held services here on Sundays and tried to build several domed structures here before they were shut down by the LA County building commission due to permit issues.
- Bighorn Mountain Ranch, a 6,700-acre Wyoming ranch – $15 million
- The Monster Lake Ranch, a 1,400-acre ranch with a price tag of $14 million
- Cody, Wyoming, has a $2 million commercial property.
To put it another way, he owns $150 million in California real estate and $30 million in Wyoming real estate totaling $120 million.
Personal Life
From 2002 to 2008, West had an on-and-off relationship with Alexis Phifer, and from 2008 to 2010 he dated Amber Rose. In April of 2012, he began dating Kim Kardashian, and the two were married in May of 2014. Four children were born to the couple as a result of their union.
https://youtu.be/YnEE3CbxY5E
Kanye West Net Worth 2019
To calculate Kanye West’s net worth of $600 million in 2019, we used the following formula:
Assets:
- Real estate assets = $120 million
- Music catalog including G.O.O.D Music = $80 million
- Value of Yeezy brand = $500 million
- Other assets = $20 million
Total assets = $720 million
$100 million is the total amount of liabilities and other factors.
$600 million in 2019 net worth (with a 20 million dollar error margin for conservatism)
Summary
Kanye West will be worth $6.6 billion by the year 2020. As a musician, he has had a tremendous impact over the last several decades. In addition to his philanthropic endeavors, Kanye has built a fashion empire with his Yeezy line.
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