American rapper Kanye West has made history as the wealthiest black man in the history of the United States.
A new report states that Kanye West is now worth $6.6 Billion, with all thanks to his his popular Yeezy brand, and his previously announced Gap deal.
According to Bloomberg, Kanye West who is already a billionaire, is now making much more than he has in the past. The rapper’s popular sneaker and apparel brand Yeezy is now valued at $3.2 billion to $4.7 billion based on a private document reviewed by Bloomberg.
According to Bloomberg, the upcoming collaboration between Yeezy and Gap – which is set to hit stores this summer “could be worth as much as $970 million of that total” with additional income coming from his music catalog, cash, stocks and business investments such as estranged wife Kim Kardashian’s SKIMS underwear brand.
As well as having $1.7 billion in other assets, ‘Ye has $110 million from his music catalogued and $122 million in cash. News of Kanye’s worth comes days after his 22nd Grammy win for Best Contemporary Christian Music Album for his LP Jesus Is King.
Also, his new partnership with Gap which is officially set to arrive this year, will possibly be worth as much as $970 million of that multi-billion-dollar total.
Kanye West is the sole owner of his Yeezy brand and he also signed a 10-year contract last year with Gap to design apparel underneath the Yeezy Gap label. Congrats to him.