KUWTK How Yeezy Increased Kanye Wests Net Worth To $6 Billion
KUWTK: How Yeezy Increased Kanye West’s Net Worth To $6 Billion
Kanye West’s staggering net worth has just increased amid his very public split from Keeping Up With The Kardashians star Kim Kardashian.
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Kanye West from Keeping Up With The Kardashians is the owner of fashion and footwear brand Yeezy, and his company has boosted his billion-dollar net worth. At present, his estimated net worth is $6 billion. His staggering wealth has become public knowledge amid his split from Kim Kardashian. He reportedly has a prenuptial agreement with Kim.
It was just last year when Kanye tangled with Forbes, demanding to be highlighted as a billionaire. At the time, the “Stronger” rapper was listed as being worth $1.3 billion, in large part due to Yeezy sneaker sales. Over the last decade, the Chicago native, who lives with bipolar disorder, worked tirelessly to build his fashion empire that started as shoe collaborations with top designers and retailers. After spending the early part of his career partnering with brands like Louis Vuitton, Bape, and Reebok, Kanye made history when he became the first non-athlete to sign a partnership deal with Nike. He went on to secure a landmark partnership deal with Adidas, which helped to spawn his Yeezy brand, which he will soon own in full.
This year, Kanye is set to continue his reign in fashion with the launch of his Yeezy x Gap collection. The 10-year partnership deal happened last year, and the first collection is expected to release this summer. Now, with Yeezy in partnership with Adidas and Gap Inc., Kanye’s business has been valued between $3.2 billion and $4.7 billion by UBS Group AG. Additionally, the value of his upcoming Gap collaboration may be as much as $970 million of that total. He reportedly has an additional $122 million in cash and stock, as well as $110 million from his music catalog. He is also believed to have another $1.7 billion in assets, including his estranged wife’s SKIMS business.
The jump in net worth comes one year after Kanye accused Forbes of miscalculating his wealth. He claimed to have a net worth much higher than the $1.3 billion the publication calculated. “It’s not a billion. It’s $3.3 billion since no one at Forbes knows how to count,” he texted the publication. The “Famous” rapper’s Yeezy x Gap collaboration is expected “to break $150 million in sales in its first full year in 2022,” Bloomberg says. The line will include apparel for men, women, and kids. It excludes footwear due to Kanye’s Adidas partnership that lasts until 2026.
With Kanye’s net worth on the rise, fans wonder if he will have to split any of his wealth with his soon-to-be ex-wife. However, details from their prenup reveal that both superstars will keep their respective assets and agree to a division of property. Kim has already been granted their Calabasas home, with Kanye keeping their ranch in Wyoming. Additionally, Kanye will continue making profits from Kim’s SKIMS brand that he helped her to create.
Link Source : https://screenrant.com/keeping-up-kardashians-yeezy-increased-kanye-net-worth/
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