According to Forbes magazine, the rapper and fashion designer Kanye West is officially a billionaire. When the rapper’s gospel-influenced ninth album debuted at the top of the Billboard 200 with the equivalent of 264,000 sales, we at www.towncryyers.com were amazed at the versatility of Mr. West. This recent milestone has placed him in another stratosphere. Forbes says West, who has long coveted the status of being billionaire, provided enough evidence into his finances and they have valued his net worth at $1.3 billion. The major source of this valuation is from his stake in the Yeezy Sneaker line, which Forbes describes as “one of the great retail stories of the century”.
Additionally, Forbes said the statement of assets supplied to them by West’s team, lists $17 million in cash and $35 million in stocks. West’s other assets include $81 million in property and $21 million in land. Another notable part of this valuation is West’s music catalogue. The 42-year-old is one of the most creative and biggest-selling artists of the last two decades. Cumulatively, GOOD Music and the rights to his back catalogue is worth at least $90 million. This valuation of $1.3 billion, places him above sister-in-law Kylie Jenner at $1 billion. A position that will gladden his mega ego.
It should be noted that Kanye West like Mohammed Ali is an exception in the proverbs that say empty drums make the loudest noise. As a producer, he has met and exceeded all expectations. As a performer, he has also done likewise. Nonetheless, the most impressive part of his story is his success as a husband and father. Many predicted that his marriage to Kim K will end like many Hollywood celebrity marriages, but the couple has proved doubters and naysayers wrong. In this regard, West is proving to be a role model extraordinary to African Americans and helping to dismantle Black stereotypes about marriage, career, and business. And he updates his position among the few celebrities like Denzel Washington and Serena Williams who have the 3 Fs – Fame, Fortune and Family.
Ata Ukuta, Editor – www.towncryyers.com
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