The Late Registration rapper provided documents to the outlet proving to be an “authentic numeric look into Kanye, Inc.” Forbes then analyzed his assets and determined that ‘Ye is, in fact, worth over $1 billion.
After their annual billionaire list dropped earlier his month, the MC reached out to Forbes upset that his name was missing from the list. “You know what you’re doing,” he reportedly texted the reporter. “You’re toying with me and I’m not finna lye [sic] down and take it anymore in Jesus name.” He also claimed that the outlet was “purposely a part of a group of media” that was trying to put an end to his self-made image because he is black.
West’s team provided documents that listed $35 million in stocks, $17 million in cash and almost $102 million for land and “buildings and improvements.” His music, including his G.O.O.D. Music label and publishing rights, is worth around $90 million.
The Jesus Is King rapper believes his assets are valued at $3 billion, but Forbes says otherwise.
“Aside from the music, half of all this presumably belongs to his wife, although she’s no slouch and that math goes two ways,” said the outlet. “Given the illiquidity of these myriad assets and the lack of independent backup, we’re giving all of this a 50% haircut: That’s about $125 million in assets, outside of his Yeezy crown jewel. Then, there’s debt: Between mortgages, advances and other liabilities, we saw about $100 million that West is on the hook for. All told, our current net worth estimate for Kanye West: $1.3 billion.”
West has reportedly challenged Forbes’ numbers.
“It’s not a billion,” he allegedly texted the reporters last night (April 23). “It’s $3.3 billion since no one at Forbes knows how to count.”
West joins the billionaire ranks with JAY-Z, who became hip hop’s first in 2019. Congratulations!