Kanye West’s Net Worth: How Kanye Becomes so Rich?

Kanye West is a producer, rapper, fashion designer, and entrepreneur from the United States. Kanye West’s net worth is $6.6 billion as of this writing. He is one of the three wealthiest self-made black men in American history.

With the release of his 2004 album The College Dropout, Kanye became a household name. He is now one of the most successful and award-winning performers on the planet, having received 21 Grammy nominations and winning 21 of them. In recent years, he has shifted his focus from music to business. West has amassed a large fortune as a result of his Yeezy/Adidas partnership.

Kanye has made at least $100 million per year in recent years from his numerous endeavours. Royalties and other earnings tied to his Yeezy brand and Adidas connection account for the great majority of his earnings.

Yeezy owns 100 percent of his own Yeezy fashion business, yet he receives a royalty on sales of more than $1.5 billion every year. Yeezy is a $4–$5 billion brand, according to multiple private bank estimates. According to a UBS appraisal from March 2021, Yeezy adds $3-4 billion to Kanye’s net wealth. According to the same source, Kanye West’s partnership with The Gap will increase his net worth by $1 billion.

Early Years

Kanye Omari West was born on July 8, 1977, in Atlanta, Georgia. Kanye lived with his mother in Chicago after his parents divorced when he was three years old.

Ray West, his father, is a former Black Panther who relocated to Maryland following his divorce to operate a business and cafe with funds provided by his son.

West began rapping in third grade and performing in music in seventh grade. After graduating from high school, he was awarded a scholarship to attend Chicago’s American Academy of Art in 1997.

Career

Until the early 2000s, Kanye West was involved in tiny music productions. He was a producer for Deric ‘D-Dot’ Angelettie and produced songs for local performers.

His major break came when he was hired as a producer for Roc-A-Fella Records, where he worked with musicians including Ludacris, Common, and Cam’Ron.

West made a name for himself as a renowned producer, but his ultimate ambition was to become a rapper.

He made his rapping debut in 2004 with the publication of his debut album, ‘The College Dropout,’ which sold 441,000 copies in its first week.

In 2005, he worked on West’s new album, ‘Late Registration,’ alongside composer Jon Brion. In the United States, his previous album had already sold 2.3 million copies.

Two years later, he released ‘Graduation,’ his third studio album, which debuted at No. 1 on the US Billboard 200 and sold 957,000 copies in its first week. The song ‘Stronger’ went on to become Kanye’s biggest single smash.

In 2010, West released his fifth album, ‘My Beautiful Dark Twisted Fantasy,’ which debuted at number one on the Billboard charts in its first week and was hailed by reviewers as a masterpiece. In the United States, the album was certified platinum.

West has since sold millions of albums and is regarded as one of the top rappers in the world. He has worked with artists such as Eminem, Jay-Z, Beyonce, and others.

Kanye West has a net worth of $3.2 billion as of 2022.

What Does Kanye West Do With His Cash?

The majority of West’s wealth did not come from his music. Yeezy, his footwear and apparel company, is where he makes the majority of his money.

Kim Kardashian and Kanye West reportedly purchased their property for $20 million in 2014 and spent four years and $20 million remodelling it before moving in in 2018.

Later, Kris Jenner tweeted that the house was valued at $60 million.

Kardashian West’s $4.5 million 20-carat diamond engagement ring is one of the most costly celebrity engagement rings.

Kanye allegedly spent $74,000 on gifts for his firstborn daughter, North, when she was 18 months old. A $62,000 diamond-encrusted tiara and a $12,000 toy copy of his black SUV were among the haul.

G.O.O.D. Music is a term that refers to music that is of exceptional quality

With Sony BMG, Kanye formed G.O.O.D Music, a record label and production company, in 2004. The term “G.O.O.D” stands for “getting out our dreams.” West, John Legend, Common, Big Sean, Pusha T, Q-Tip, Kacy Hill, and Teyana Taylor are among the label’s artists.

Philanthropy and Other Assets

He also owns KW Foods LLC, a Chicago-based company that owns the Fatburger fast-food franchise. West announced the formation of DONDA, a creative content firm named after his late mother Donda West, in January 2012. West, along with other musicians such as Jay-Z, Rihanna, Madonna, Chris Martin, and Nicki Minaj, is a co-owner of the music streaming service Tidal. The majority of the stakeholders have a 3% equity ownership in the project.

His philanthropic endeavours include the Kanye West Foundation, which supports education for African American and Latino youth, as well as donating time, talent, and money to organisations such as Hurricane Katrina assistance, World Water Day, and Live Earth, among others.

Purchasing Real Estate

Kanye West owns around $160 million in real estate in the United States (land, buildings, and homes).

The primary residence of Kim and Kanye is a sprawling estate in the Los Angeles suburb of Hidden Hills, California. This property is made up of several interconnected parcels, the first of which was purchased for $23 million in two separate deals in 2014. Their first property consisted of a newly constructed mansion on 4.5 acres. Over the course of several years, the couple spent millions of dollars personalising, rearranging, and expanding the property. They extended their estate in 2019 by combining two separate buys for surrounding properties into a 7.5-acre monstrosity.

The Hidden Hills estate has cost a stunning $28.5 million in real estate transactions alone. Renovations have cost tens of millions of dollars more.

The current assessed valuation of their Hidden Hills estate is north of $60 million. Kim paid Kanye $23 million in September 2021 to formally transfer the property under her name. The home’s interior contents accounted for almost $3 million of that total.

Kanye West paid $57.3 million for a beachfront home in Malibu in September 2021.

Among the other real estate assets are:

A $16 million estate on 320 acres on Stokes Canyon Road in Calabasas. This is where he held his Sunday Services and tried to erect a succession of domed structures before being shut down by the Los Angeles County Building Commission due to permit concerns.
Bighorn Mountain Property, a 6,700-acre ranch in Wyoming, is for sale for $15 million.
The Monster Lake Ranch is a 1,400-acre ranch worth $14 million.
A business property worth $2 million in Cody, Wyoming

He owns $150 million in California real estate and $30 million in Wyoming real estate, totaling $120 million, according to public records.

Personal Experiences

From 2002 until 2008, West had an on-again, off-again romance with designer Alexis Phifer, and from 2008 to 2010, he dated model Amber Rose. In April 2012, he began dating reality star Kim Kardashian, and the two married in May 2014. The couple has four children together.

2019 Kanye West Net Worth

The following is the formula we used to arrive at Kanye West’s $600 million net worth in 2019:

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Summary

Kanye West has a net worth of $6.6 billion as of 2020. He is, without a doubt, the most influential musician of the last few decades. Through his Yeezy brand, he has expanded his charity endeavours and built a fashion empire.

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