Kanye West: Hip hop star and fashion designer becomes a billionaire

Adrian Ovalle

Hip hop super star Kanye West is formally a billionaire after his tennis shoe line was referred to as “one of the great retail stories of the century”, according to Forbes publication.

The rapper and fashion designer, who has actually long yearned for the status, is stated to have a net worth valued at $1.3 bn (₤ 1.05 bn).

Regardless of now being formally classified as a billionaire, West was dissatisfied with Forbes and declared they had actually underestimated him.

The rapper supposedly sent out a text to among their workers reading: “It’s not a billion.

” It’s 3.3 billion given that nobody at Forbes understands how to count.”

Forbes has actually valued his Yeezy tennis shoe line alone at $1.26 bn (₤ 1.02 bn).

A single ‘Yeezy’ tennis shoe is seen in a window in Soho, New York City City

The publication reports that the brand name is “challenging Nike’s Air Jordan for sneaker world supremacy” and is “one of the great retail stories of the century”.

The 42- year-old is likewise among the most well-known and biggest-selling music artists of the last 20 years.

His EXCELLENT Music record label and the rights to his back brochure are worth a minimum of $90 m (₤73 m) in overall, according to Forbes.

The publication stated the declaration of possessions provided to them by West’s team notes $17 m in money (₤137 m) and $35 m in stocks (₤28 m).

Kanye West is wed to the reality TELEVISION star Kim Kardashian

West’s other significant possessions are $81 m (₤66 m) in property and $21 m (₤17 m) in land, according to his team.

The rapper and his spouse, the reality TELEVISION star Kim Kardashian, are understood to own a number of residential or commercial properties in Los Angeles and Wyoming.

Forbes, which worried there was a absence of independent confirmation for its figures, has actually noted West as having financial obligation of about $100 m (₤81 m).

That amounts to a net worth of $1.3 bn (₤808 m) in overall, the publication stated.

This positions him above sister-in-law Kylie Jenner, who has a $1bn net worth, mainly from her cosmetics business.

West was displeased with a post in 2015 in which Forbes declined to class him as a billionaire.

The rapper is stated to have actually texted a press reporter stating it was a “disrespectful article” that was “purposely snubbing me”.

His ire was additional provoked previously this month when Forbes launched its yearly billionaires list, with West’s name missing.

“You know what you’re doing,” West is stated to have actually texted a Forbes reporter.

“You’re toying with me and I’m not finna lye down and take it anymore in Jesus name.”

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