Kanye West Is now Worth $6.6 Billion Thanks to His ‘Yeezy Brand’
(ATLANTA, GA) Exclusive: Hip Hop Artist Turnt Fashion Mogul Kanye West is raking in the dough. The 43-year-old rapper is worth $6.6 billion, a significant increase from the amount that West was reported as being worth back in April 2020 by Bloomberg. Yeezy, West’s sneaker and apparel business with Adidas AG and Gap Inc., is valued at $3.2 billion to $4.7 billion by UBS Group AG, according to a private document reviewed by Bloomberg.
The value of the new Gap tie-up, which will hit stores this summer, could be worth as much as $970 million of that total, the bank estimated. Kanye continue to put himself in the right position to make major moves as it regards to his brand.
Last year, West signed a 10 year contract to design and sell garments under the Yeezy Gap label. He has full creative control and ownership over the brand, which is expected to break $150 million in sales during its first full year in 2022. The “Can’t Tell Me Nothing” emcee will construct clothing for children, men and women, however, the line will exclude footwear.
Who knows maybe one day Kanye might own Adidas if his net-worth continue to rise.
