The musician’s sneaker and clothing brand Yeezy has made him the richest black American in history.Kanye asdasd
Yeezy has collaborated with Adidas AG and Gap Inc., valued by UBS Group AG at US$3.2 billion (AU$4.2 billion) to $4.7 billion (AU$6.1 billion), as reported by Bloomberg.
The Gap tie-in would be worth up to $970 million (AU$1.2 billion) of that total amount. It will include men’s, women’s, and children’s clothing.
After the partnership was announced last June, West told podcast host Nick Cannon that his wealth had risen to $US5 billion (approx AU$6 billion). Gap’s shares also increased to their highest in 40 years.
According to Bloomberg, the rapper has US$1.7 billion in assets including investments in ex-wife Kim Kardashian’s underwear range, Skims. His music catalogue is worth a reported $110.5 million, according to a valuation by the Valentiem group.
Bloomberg also received access to an unaudited balance sheet by West’s lawyer, which revealed an additional $122 million in stock and cash.
His Adidas sneaker deal is his most lucrative, seeing royalties last year of $191 million.
In 2016, West claimed he was $53 million in debt.