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Kanye West Becomes Richest Black Person In US History



Kanye West
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American rapper and businessman, Kanye West has become the richest black person in American history.

The 43-year-old rapper, clinched his 22nd Grammy on Sunday for Best Contemporary Christian Album for ‘Jesus Is King,’ is now worth $6.6 billion.  

The rapper’s worth is mostly from his Yeezy line, which he is in partnership with Adidas AG and Gap Inc. The businesses are valued between $3.2 billion and $4.7 billion each. 

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According to Bloomberg, the upcoming collaboration between Yeezy and Gap (set to hit stores later this year) “could be worth as much as $970 million of that total.” 

His other sources of income include music catalogue and business investments such as cash and stocks in his estranged wife Kim Kardashian’s SKIMS underwear brand.

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Currently, Kanye West has full ownership and creative control of the Yeezy brand after signing a 10-year agreement to design and sell clothes under the Yeezy Gap label last year. The deal does not include footwear, as Yeezy’s partnership with Adidas remains in place until 2026.

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He started working with Adidas in 2013 after collaborations with major fashion retailers, including Nike and LVMH.

In 2019, estimated West’s net worth at just $240 million, making him the fourth richest hip hop artiste behind Diddy, at $740 million, Dr Dre, at $800 million, and Jay-Z at $1.4 billion.

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