Entertainment

Kanye West Is Not A Billionaire As Per His Presidential Financial Disclosure

Published

4 years ago

October 8, 2020

Ye Listed His Net Worth As “Hundreds Of Millions Of Dollars” Not Billions In Documents Filed For His Presidential Bid

Kanye West skyrocketed from being in $53 million personal debt to becoming the latest billionaire to come out of the music industry. However, he’s got the public questioning the authenticity of his net worth.

The rapper and business mogul has always been about his wealth, wanting the world to know he’s a Billionaire. Ye even once had a slight conflict with Forbes over his earnings.

But a new report from the Business Insider claims that, in new documents filed for his presidential bid, Kanye states that he is only worth “hundreds of millions of dollars”, and not billions.

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A post shared by Kanye West (@kanyewestt_official) on Apr 15, 2020 at 10:15am PDT

The Yeezy Gap entrepreneurer filled out several forms related to his Presidential run and, according to the report, he listed three of his businesses, including Yeezy LLC., Yeezy Apparel LLC., and Yeezy Footwear LLC., at $50 million apiece.

The documents, which were sent to the Federal Election Committee, also revealed that Kanye is $100 million in debt, which are primarily from mortgages.

Of course, this is quite different from what Ye claimed several weeks ago, claiming that he was worth $5 billion after striking a 10-year deal with GAP.

Although several “hundreds of millions of dollars” is no joke, it’s definitely not a billion.