“Yeezy,” as he is profoundly called, is considered one of the most exceptional Hip hop sensations of the 21st century, having dropped back-to-back major records, with 21 Grammy Awards to show for it.
Aside from being a renowned Hip hop artist, Kanye West is notable in recent years, majorly for his substantial financial net worth.
The Atlanta born Rapper has had his net worth estimated Forbes to the tune of $240 million, according to Business Insider.
However, Kanye has rebuffed this estimate, stating that he is a ‘billionaire.’ Kanye was also placed top of the list of the highest-paid artiste of 2019, having raked in $150 million, which is almost double that of second-placed Jay-Z who similarly raked in $81 million.
Despite how flourishing the music business may be for Kanye West’s net worth, the bulk of Kanye West’s net worth, however, comes from other sources aside from music.
According to Forbes, Yeezy (his footwear and apparel brand) is expected to bring in more than $1.5 billion in sales in 2019 to add to Kanye West’s net worth.
Also, his business strategies aids in boosting his financial net worth. For instance, just an hour after he released the Boost 350 sneakers for sale at $200 per pair, it was sold out both in shops and online, because they were limited products.
Also, Kanye West’s net worth springs from his numerous real estate investments. Before moving into his new mansion, which is estimated to cost $60 million, Kanye West sold off his former home at Bel Air Crest for an off-market value of $17.8 million, to Ukrainian Billionaire Marina Acton.
He also bought a ranch in Wyoming for $14 million, which includes a restaurant and saloon, an office building, horse barns, state-of-the-art shooting range, among others.
Meanwhile, Kanye West had in February last year, invested $1 million to renovate and reopen the Avalon Regal Theatre, a 91-year old movie theatre.
So much money, they say, happens to be money well spent!