In 2021, Kanye West’s net worth is $6.6 billion. He’s probably the most influential musician in the past few decades. He also has branched out to charitable endeavors and has an entire fashion empire with the Yeezy brand.
What is the net worth of Kanye West?
Kanye West is an American producer rapper, designer, fashionista and an entrepreneur. At the time of writing the net worth of Kanye West was $6.6 billion. He is among three highest-paid self-made black individuals in US time.
Kanye West became famous after the success of his album The College Dropout. In the present, he is among his most popular and highly acclaimed musicians in the world and has 21 Grammy wins from 69 nominations. In recent times, he has switched his focus from music to his career in business. The Yeezy/Adidas partnership has brought West a substantial amount of money.
In the last few years, Kanye has made at least $100 million a year from his numerous ventures. Most of his earnings been from royalties and other income associated with the Yeezy company and Adidas collaboration.
Yeezy is also the sole owner of his own Yeezy apparel brand outright 100 percent but also earns a fee on sales that are close to $1.5 billion annually. According to various estimates from private banks Yeezy is a $4- $5 billion company. In March 2021 the UBS valuation estimates that Yeezy can add around 3-4 billion dollars to Kanye’s net worth. According to the same report, Kanye’s partnership together with The Gap adds another $1 billion to West’s wealth.
Some facts added to Kanye West Net worth
- Entrepreneur and musician Kanye West has a lucrative multi-year deal to design sneaker brand Yeezy for Adidas.
- He gets an annual royalty from Adidas, which makes Yeezy shoes. The Yeezy brand pulled in an estimated $1.7 billion in sales in 2020.
- In June 2020, retailer Gap and Kanye West announced they will start selling a line of West’s Yeezy clothing designed for Gap.
- Sales of the Yeezy Gap clothing are expected to begin in the second half of 2021.
- In February 2020, Kim Kardashian West filed for a divorce from Kanye West; he still owns a small stake in her shapewear brand Skims.
- Real estate assets = $120 million
- Music catalog including G.O.O.D Music = $80M
- Yeezy.com website equals $100 million
- The value of Yeezy brand equals $5 billion
- Valuation of Gap partnership equals $1 billion
- Other assets equal $400 million
Total assets equals $6.7 billion
Other considerations and liabilities equal $100 million
Kanye West Net Worth = $6.6 billion
Kanye West Early Life and Career Beginnings
Kanye Omari West was born the 8th of June 1977, in Atlanta, Georgia. After the divorce of his parents at the age of three, West moved with his mother to Chicago, Illinois. In Chicago, he began to experiment on the piano after meeting DJ/producer I.D. I.D., who mentored him. He was awarded a scholarship to go to at the American Academy of Art in 1997, however, he was transferred into Chicago State University to study English. In the end the student dropped out of school at 20 years old to pursue a music career.
After having dropped out of college West began producing beats with local musicians as developing his individual style. His first production credits were on the debut album by Chicago hip-hop artist Grave, Down to Earth in the year 1996. Other artists he produced during that time period included Foxy Brown, Deric “D-Dot” Angelettie as well as Harlem World.
Rise to Fame and Music Career
As of 2000, West was given his first major breakthrough when he started to produce at Roc-A-Fella Records, working with artists such as Ludacris, Alicia Keys, and Janet Jackson. The work he did on Jay-Z’s album The Blueprint has sparked a lot of interest in West’s skills as producer. His credits as a producer from the time period comprise an impressive roster of talents, which includes Jay-Z, Beyonce, John Legend, Alicia Keys and Janet Jackson.
Despite his successes as producer, his primary goal was to become a rapper. The year 2001 was the time he was able to convince the president of Capitol Records to sign him to Roc-A-Fella Records after being denied an agreement by Capitol Records.
After a major car accident in the month of October 2002, during which West broke his jaw, West was inspired and composed the track “Through the Wire while his jaw closed. The song was the basis for the album he released as his debut The College Dropout The album was released several months prior to its publication date, which was in the month of August. West made use of this time to record, remix and edit the album, delaying the publication three times. The college dropout was finally released in February 2004 , to wide critical acclaim. It earned West an impressive 10 Grammy Award nominations, and ultimately, triple platinum certification within the US.
When he started working on his next album West spent two million bucks in the project and even hired an orchestra live. The album the ate of The Registration first came out on August of 2005 and sold more than 2.3 million copies within the United States by the end of the year. The following albums by him comprise Graduation (2007) 808s and Heartbreak (2008), My Beautiful Dark Twisted Fantasy (2010) A collaboration album with Jay-Z Watch the Throne (2011), My Beautiful Dark Twisted Fantasy (2010), Jay-Z The Watchers of The Throne (2011), Yeezus (2013), The Life of Pablo (2016), Ye (2018) as well as Jesus is King (2019).
West released her album Yeezus in the year 2013. The album topped the charts at #1 at the top of the Billboard 200 chart as well as the US R&B and US Rap charts and in four other countries. The album The Life of Pablo was released in 2016 and was top spot in the Billboard 200 chart and #2 on the US Rap and US R&B charts. West’s hit single “FourFiveSeconds” (with Rihanna and Paul McCartney) reached #1 on the US R&B chart. In 2017, he received nominations for the nominations for six Grammy Awards. The album he followed, Ye was released in June of this year. But, unfortunately the album is the only album of Kanye West’s career not to go platinum.
Alongside his own music and releases, West has continued working as a producer and featured musician for various artists like 6ix9ine, XXXTentacion, Lil Pump, Chance the Rapper, Kid Cudi, and Teyana Taylor. Other projects that West has been involved in includes his regular “Sunday Service” orchestration with the Sunday Service Choir, where they perform each Sunday from January of 2019. He also worked with musician Vanessa Beecroft on two operas, Nebuchadnezzar and Mary..
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West has been vocal about his love of fashion as well as being the very first person who was not an athlete who signed an agreement with Nike with the 2009 Air Yeezys sneaker. He has also created footwear for Louis Vuitton, Bape, and Giuseppe Zanotti. In addition, he launched two lines of clothing at Paris Fashion Week in 2011 and 2012.
In December of 2013, Adidas officially announced its new partnership with West. This Yeezy Boost 750 sneaker in “Light Brown” was first launched in February 2014. It was exclusively on the Adidas mobile app for people living in New York City, and was sold out in just 10 minutes. In December 2017 there were 19 colors and six designs were available in the Adidas and Yeezy sneakers collaboration. in 2015, West released the Season 1 of his clothing line Yeezy together with Adidas. Season 2 quickly followed later in the year, followed by season 3 in February of 2016.
After the popularity of his initial music videos, Adidas announced a long-term agreement together with West in June of 2016. In the average, Kanye earns 10 percent royalty on net revenue from Adidas. He is paid a premium royalty on merchandise sold through the website he owns, YeezySupply.com in contrast to Adidas.com. His average blended royalty rate is about 10 percent.
It is important to note that Kanye owns all of the Yeezy clothing line at the time of writing.
In 2004, Kanye created his record company and label G.O.O.D Music in 2004 with Sony BMG. “G.O.O.D” is an acronym for “getting out our dreams.” Artists who have signed with The label comprise West himself John Legend, Common, Big Sean, Pusha T, Q-Tip Kacy Hill, and Teyana Taylor.
Other Assets and Philanthropy
He also is the sole owner of the company KW Foods LLC., which holds all rights for the Fatburger fast-food restaurant in Chicago. The company was founded in January of 2012. West made public the launch of DONDA which is a content-based creative company that was named in honor of his mother who passed away Donda West. In addition, West is a co-owner of the streaming music service Tidal alongside other musicians like Jay-Z, Rihanna, Madonna, Chris Martin, and Nicki Minaj. The majority of the stakeholder have a 3% equal stake.
His charitable endeavors are among them Kanye West Foundation, which is his philanthropic venture. Kanye West Foundation, which helps to fund education for African American and Latino children as well as donating cash, time and talents to the Hurricane Katrina aid, World Water Day, and Live Earth, among other organisations.
Kanye West owns around $160 million worth of real estate properties in the US (land and buildings and houses).
The Kim/Kanye principal residence is an enormous estate situated in Hidden Hills, an LA neighborhood in Hidden Hills, California. The estate is comprised of several connected parcels, one of which was purchased in 2014 through two separate deals for $23 million. The initial version of their property included an entirely new mansion set on 4.5 acres. The couple spent millions of dollars over the course of years customizing, rearrangement and expanding their property. In 2019 , they increased their property by completing two separate transactions for adjoining properties, resulting in a conjoined 7.5-acre massive.
An astounding $28.5 million was used on real estate transactions to construct Hidden Hills Estate. Hidden Hills estate. A further tens of millions have been invested in improvements.
They’re Hidden Hills estate’s current assessed value is around sixty million dollars. In September 2021, Kim gave Kanye $23 million to legally transfer the property to her name. About $3 million of this sum was used to the interior of the house.
In September 2021, Kanye paid $57.3 million on an oceanfront property located in Malibu.
The other real estate asset comprise:
- A sprawling 320-acre estate located situated on Stokes Canyon Road in Calabasas which is valued at $16 million. It is the place the place where his Sunday Service has been held, and where he tried to construct a number of domed structures prior to being closed in the hands of LA County’s building commission. LA County building commission for permit-related issues.
- A 6,700-acre ranch is known as Bighorn Mountain Ranch in Wyoming 15 million dollars
- A 1,400-acre ranch dubbed The Monster Lake Ranch – 14 million
- A commercial property worth $2 million located in Cody, Wyoming
In all, he has the sum of $150 million in California real estate, and $30 million worth of Wyoming real estate, which is an amount of $120 million, which is publicly available.
West was involved in an off-and-on relationship with fashion designer Alexis Phifer that lasted from 2002 to 2008. In addition, West was a model Amber Rose from 2008 to 2010. He started dating reality TV celebrity Kim Kardashian in April 2012, and the couple were married in May of 2014. Together, they have four children.
Below is the method that we used to figure out Kanye West’s net worth for 2019 of $600 million.
- Real estate assets = $120 million
- Music catalog includes G.O.O.D Music equals $80 million
- The value of Yeezy brand is $500 million.
- Other assets equal $20 million
Total assets equal to $720 million
Other considerations and liabilities 100 million dollars
The 2019 net worth is $600 Million (with an estimated 20% error margin)