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.
Please login with linkedin to comment
The brainchild of co-founders Gina Williams-Folau (main photo) and Greer Bland, the talent agency Liquorice was born out of a desire to make things easier for brand managers. Liquorice offers social talent for brands wanting to hit the sweet spot with Kiwi audiences. Launching with a roster of big names on board including Millie Elder-Holmes, Athena […]
9000 Western Australians experiencing homelessness are about to face cold winter nights. To call for donations to the 2021 Winter Appeal, Anglicare WA has released a chilling video with renowned actor Liam Graham, best known for his starring roles in Greenfield and The Heights, experiencing mild hypothermia after spending one hour in a commercial freezer. […]
Blackmagic Design has shared how its products were used to shoot the latest commercial campaign for Chris Hemsworth’s fitness training app, Centr. The new campaign, which promotes the progressive 10 week workout plan ‘Power’ replicates the same protocols used to prepare the actor for his latest appearance in the upcoming Marvel franchise film, Thor: Love […]
Airtasker has chosen leading independent digital growth consultancy, Webprofits as a strategic partner to help them expand to new markets. Following a successful IPO in early 2021, Airtasker set its sights on the next strategic objective — expansion and growth in the UK market. After careful review, they partnered with the growth marketing specialists at […]
Cresta Awards has announced that despite having a few more weeks before entries close, this year’s Cresta Awards has surpassed its entries for the whole 2019 Season. Cresta sees this as evidence, not just of evolution in its own awards but of a wider measure of industry confidence and resilience in many markets. The awards […]