American business magazine, Forbes has officially enlisted rapper Kanye West as a billionaire. An article published on Friday, April 24, 2020, revealed.
According to the magazine, the hip-hop superstar turned footwear magnate, who has long coveted the billionaire status, became one after his net worth hit at $1.3 billion.
Despite being officially named a billionaire, Forbes reported that West was unhappy, as he claimed he was undervalued. According to the gospel rapper, he is worth $3.3 billion, rather than the $1.3 billion.
“It’s not a billion,’ West allegedly texted the publication. “It’s $3.3 billion since no one at Forbes knows how to count.”
Forbes has valued his West’s Yeezy sneaker line alone at $1.26bn (£1.02bn). The magazine reported that the brand is “challenging Nike’s Air Jordan for sneaker world supremacy”. Also, it is “one of the great retail stories of the century”.
The 42-year-old father of four has maintained his status as one of the biggest-selling musicians in the last two decades. West had his GOOD Music record label and the rights to his back catalogue, valued at least $90 million.
The magazine said the statement of assets supplied to them by West’s team lists $17 million in cash and $35 million in stocks. The rapper’s other notable assets include $81 million in property and $21 million.
Recently, West’s sister-in-law Kylie Jenner, 22, was named by Forbes as the youngest ‘self-made’ billionaire for the second year in a row. This came after selling off 51% of her cosmetics brand, Kylie Cosmetics.
How do you think West’s newly-achieved feat will inspire you?
