Now worth a whopping $6.6 billion, producer, rapper, and fashion mogul Kanye West, is the richest African American in the United States, according to Forbes Magazine.
Led by his popular Yeezy brand, which has partnered with adidas and Gap Inc., the brand is now worth between $3.2 billion and $4.7 billion by UBS Group AG. Ye’ has also amassed $122 million in cash and stock and $110 million from his music catalog.
Reports that Kanye West is rolling in billions, but much more than he has in the past. Kanye’s crowd-pleasing sneaker and apparel brand Yeezy is now valued at $3.2 billion to $4.7 billion by UBS Group AG, according to a private document reviewed by Bloomberg. Ye’s huge partnership with Gap (set to officially arrive this summer) is also said to possibly be worth as much as $970 million of that multi-billion-dollar total.
The undisclosed document reportedly states that Kanye’s partnership with Gap is striving to achieve the same success that he created when he teamed up with Adidas to launch his Yeezy brand. You’ll recall that Kanye not only has sole ownership of his namesake brand, but he also signed a 10-year contract last year with Gap to design apparel underneath the Yeezy Gap label.
News sources: TheShaderoom and Instablog9ja
Discover more from KossyDerrickent
Subscribe to get the latest posts sent to your email.
