Forbes Says Kanye West Is Worth $1.8 Billion And Not $6.6 Billion

Forbes Disputes Kanye West’s Reported $6.6 Billion Net Worth

We reported yesterday that Kanye West is now worth $6.6 Billion, easily making him the wealthiest Black man in American history, with the help of his incredibly popular Yeezy brand, and his previously announced Gap deal.

According to Bloomberg, Kanye West is rolling in billions–but much more than he has in the past.

Kanye’s crowd-pleasing sneaker and apparel brand Yeezy is now valued at $3.2 billion to $4.7 billion by UBS Group AG, according to a private document reviewed by Bloomberg.

 

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Well, Forbes is calling cap on all of that, publishing a report that disputes his earnings, bursting his bubble, and reporting that he’s actually likely only worth about $1.8 billion.

“West’s wildly optimistic approach to his net worth mirrors the approach used by Donald Trump, who insists the value of his name be included in any net worth estimate,” states Forbes staff writer Madeline Berg.

“Trump, who we value at $2.5 billion, says his brand has an intrinsic value, regardless of actual revenue. West and his camp are making a similar argument for businesses attached to the Yeezy name.”

As per Forbes, Kanye West isn’t the richest Black Man in American history, awarding that honor to Vista Equity’s Robert F. Smith, who Forbes estimates at $6 billion.

Forbes claims Kanye’s estimate is inaccurate because it includes future assets. In Forbes’ own evaluation, the Yeezy x GAP collaborative partnership, which Bloomberg reported as being worth nearly a billion dollars, is valued at $0 because no products have been made available on the market yet.