Kanye West Is Worth $6.6 Billion Making Him The Wealthiest Black Man In America

Kanye West Becomes The Wealthiest African American In History With $6.6 Billion

Kanye West is reportedly now worth $6.6 Billion, easily making him the wealthiest Black man in American history, thanks to 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.

Ye’s huge partnership with Gap (set to officially arrive this summer) is also said to possibly be worth as much as $970 million of that multi-billion-dollar total. The undisclosed document reportedly states that Kanye’s partnership with Gap is striving to achieve the same success that he created when he teamed up with Adidas to launch his Yeezy brand.

 

View this post on Instagram

 

A post shared by ye (@kanyewest)

Recall that Kanye not only has sole ownership of his namesake brand—but he also signed a 10-year contract last year with Gap to design apparel underneath the Yeezy Gap label.

Despite the pandemic financially hurting many retailers and brands all over the world, Yeezy sales actually rose 31% to almost $1.7 billion in revenue last year–and Kanye received $191 million in royalties from that, according to the document.

Sales for Yeezy’s Adidas sneakers remained resilient through the pandemic, growing 31% to nearly $1.7 billion in annual revenue last year and netting Yeezy $191 million in royalties, according to the document.

This is some Black Excellence level.. congratulations to Ye!

 

View this post on Instagram

 

A post shared by The Shade Room (@theshaderoom)