According to Forbes, Kanye West, now known as Ye, has lost a staggering $1.6 billion since his net worth peaked at $2 billion. The controversial artist and self-described genius Kanye West has joined the ranks of the billionaires, but perhaps not in the way he had wanted.
Even though he may have had financial success in the past, subsequent errors and bad events have caused his net worth to drastically decline. Let’s look more closely at his current ranking on Forbes after losing his billionaire title. In this article, we’ll discuss Kanye West Net worth, breakdown, biography, career, and personal life.
Name | Kanye West |
Date of Birth | June 8, 1977 |
Age | 46 years old |
Profession | Rapper, Producer, Songwriter, businessman |
Kanye West Net Worth | $400 Million |
What is Kanye West Net Worth?
Kanye West is an American producer, rapper, fashion designer, and businessman. Kanye West has a $400 million net worth according to Forbes. Kanye was one of the three richest self-made black persons in US history when he was a multi-billionaire. After his 2004 album The College Dropout was released, Kanye became extremely well-known. He currently ranks among the most popular and celebrated performers in the world, having received 24 Grammy nominations and winning four of them.
He has recently turned away from music and towards business, making at least $100 million a year from his many businesses. His royalties and other profits from his Yeezy brand and Adidas collaboration account for the great bulk of his earnings. However, over the past several years, he has lost a lot of sponsors and collaborations due to his controversial ideas and outspokenness.
100% of the Yeezy brand of apparel is owned by Kanye. Every dollar of sales during his partnership with Adidas resulted in a royalty payment to him. Adidas made $250 million in profit and $2 billion in revenue per year from the Yeezy brand. The Yeezy brand was valued between $4 and $5 billion at the height of his collaboration with Adidas.
According to a March 2021 UBS estimation, Yeezy increased Kanye’s net worth by $3–4 billion. According to the same research, Kanye West’s past contract with The Gap increased his net worth by $1 billion.
He has established himself as a successful film producer, working on documentaries, music videos, and feature films. His success in the fashion sector is a result of his entrepreneurial energy, and his fashion empire has added $1 billion to his net worth.
Kanye West Net Worth | $400 Million |
Annual Income | $80 Million |
Real Estate | $100 Million |
Fashion | $50 Million |
Music Career | $300 Million |
Taxes Paid | $9 Million |
Stock Portfolio | $50 Million |
Kanye West Net Worth Growth
Kanye West Net Worth In 2015 | $22,000,000 |
Kanye West Net Worth In 2016 | $18,000,000 |
Kanye West Net Worth In 2017 | $22,000,000 |
Kanye West Net Worth In 2018 | $90,000,000 |
Kanye West Net Worth In 2019 | $100,000,000 |
Kanye West Net Worth In 2020 | $200,000,000 |
Kanye West Net Worth In 2021 | $100,000,000 |
Kanye West Net Worth In 2022 | $100,000,000 |
Kanye West Net Worth In 2023 | $400,000,000 |
Jay-Z and Kanye West Net Worth
The world’s richest rapper-turned-businessman is Jay-Z. Jay-Z is the lone rapper listed on Forbes’ 2023 World’s Billionaires list, which was released on Tuesday (April 4). Kanye West has totally disappeared from the list. Jay Z’s net worth is $1.5 Billion.
Kanye West Biography
West was born in Atlanta, Georgia, on June 8, 1977. When he was three years old, his parents split, and he went to Chicago, Illinois, with his mother. Former Black Panther Ray West, his father, was one of the first black photojournalists employed by The Atlanta Journal-Constitution. Ray eventually trained as a Christian counselor and, with help from his son, launched the Good Water Store and Café in Lexington Park, Maryland, in 2006.
Donda C. West (née Williams), West’s mother, held positions as chair of the English department at Chicago State University and professor of English at Clark Atlanta University before retiring to become West’s manager.
In 2021, West’s net worth reached $1.8 billion. According to Forbes, in October 2022, his net worth had decreased to $400 million, in large part as a result of Adidas ending their collaboration after a string of outspoken antisemitic remarks. West submitted an application in August 2021 to have his legal name changed from “Kanye Omari West” to “Ye,” with no middle or last name; he stated “personal reasons” as his justification. In October, the request was approved.
Kanye West Musical Career
Early through the 1990s, West started his early production career, mostly producing beats for up-and-coming regional acts. At the age of 19, he produced eight tracks for Chicago rapper Grav’s 1996 first album, Down to Earth, earning him his first formal production credits. West was the first artist to be signed to the management production firm Hip Hop in 1998. Since 1978. West once served as Deric “D-Dot” Angelettie’s “ghost producer.” West, GLC, Timmy G, Really Doe, and Arrowstar founded the Go-Getters, a rap trio since he was unable to record a solo album due to his affiliation with D-Dot.
World Record Holders, the first and only studio album by The Go-Getters, was released in 1999. West produced recordings for several well-known musicians and musical groups during a significant portion of the late 1990s.On Foxy Brown’s second studio album Chyna Doll, which debuted at the top of the U.S. Billboard 200 chart for the first time ever as a hip-hop album by a female rapper, he produced the third song.
West was motivated by the 2002 car accident that left him with a broken jaw. Two weeks after being discharged from the hospital, he recorded “Through the Wire” at the Record Plant Studios while his jaw was still wired shut. The track initially appeared on West’s mixtape, “Get Well Soon,” which was released in December 2002. The College Dropout, whose overarching subject was to “make your own decisions,” was the album that Kanye West said he was working on at the same time. Do not listen to what society tells you to do.
Other Ventures
Fashion
West was quite vocal about his love of fashion and ambition to work in the clothes design sector early in his career. He started his own apparel brand in the spring of and expanded it over the next four years until discontinuing it in 2009. A limited-edition Bapesta from A Bathing Ape, which was West’s debut sneaker collaboration, was launched in January 2007.
West, the first non-athlete to be granted a shoe deal with the firm, worked with Nike to develop his own sneaker, the Air Yeezys, in 2009. During Paris Fashion Week in January 2009, he unveiled his first shoe collection made just for Louis Vuitton. The collection debuted in the summer of 2009. Additionally, Giuseppe Zanotti, an Italian shoemaker, commissioned West to create footwear.
Business Ventures
After releasing his debut album, The College Dropout, in 2004, West partnered with Sony BMG to launch the record label and production business GOOD Music. The label’s first artists were West, then-unknown Ohio singer John Legend, and fellow Chicago rapper Common. West, Big Sean, Pusha T, Teyana Taylor, Yasiin Bey / Mos Def, D’banj, and John Legend are among the musicians on the label, along with producers Hudson Mohawke, Q-Tip, Travis Scott, No I.D., Jeff Bhasker, and S1.
The Recording Industry Association of America (RIAA) has awarded gold or higher certification to 10 albums that GOOD Music has published. Pusha T was chosen by West to serve as the new president of GOOD Music in November 2015.
The first Fatburger restaurant was scheduled to open in Orland Park in September 2008 when West first announced plans to establish 10 locations in the Chicago region. The third place is still a secret, despite the procedure is being finished, and the second one came after in January 2009. The chain’s rights were purchased by his business, KW Foods LLC, in Chicago.[238] In the end, only two sites really started operations in 2009. West closed the Fatburger restaurant in Orland Park in February 2011.
The first Fatburger restaurant was scheduled to open in Orland Park in September 2008 when West first announced plans to establish 10 locations in the Chicago region. The third place is still a secret, despite the procedure is being finished, and the second one came after in January 2009. The chain’s rights were purchased by his business, KW Foods LLC, in Chicago. In the end, only two sites really started operations in 2009. West closed the Fatburger restaurant in Orland Park in February 2011.
It was revealed in March 2015 that West, along with a number of other musicians, is a co-owner of the music streaming service Tidal. High-quality music videos and lossless audio are the service’s specialties. In the first quarter of 2015, Jay-Z purchased Aspiro, the parent business of Tidal. Tidal is owned by 16 artists, the majority of whom own a 3% equity investment, including Jay-Z, Rihanna, Beyoncé, Madonna, Chris Martin, and Nicki Minaj.
In October 2022, West made a preliminary deal to buy the alternative-technology social network Parler for an unknown sum. This was done in direct response to the bans he had gotten on Twitter and Instagram as a result of his antisemitic remarks. In the middle of November, Parler and West decided to call off the intended merger.
Charity
West and his mother established the Kanye West Foundation in Chicago in 2003 with the goal of reducing illiteracy and dropout rates while working with neighborhood organizations to give disadvantaged children access to music instruction Strong American Schools & West and the Foundation teamed together in 2007 as part of their “Ed in ’08” initiative. West served as the campaign’s spokesperson, making several PSAs for it and hosting its first charity event in August of that same year.
The nonprofit was renamed The Dr. Donda West nonprofit in 2008 when West’s mother passed away. In 2011, the foundation stopped operating. Donda’s House, Inc. was established by Kanye West and his buddy Rhymefest in 2013 with the intention of assisting Chicago youngsters who are in danger.
Kanye West wife
West had been friends with reality television star Kim Kardashian for a long time before they started dating in April 2012. Kardashian and West were engaged in October 2013 and they wed at Florence’s Fort di Belvedere in May 2014. West took issue with the fact that the mainstream media covered their private ceremony extensively. The New York Times referred to the couple’s marriage as “a historic blizzard of celebrity” due to their high-profile stature and successful individual professions.
North West (born in June 2013), Saint West (born in December 2015), Chicago West (born through surrogate in January 2018), and Psalm West (born via surrogate in May 2019) are the four children that West and Kardashian have. West said in July 2020 that he had pondered an abortion during Kardashian’s first pregnancy but has since adopted anti-abortion beliefs during a rally for his presidential campaign. North was baptized at the Armenian Apostolic Church at the Cathedral of St. James by West and Kardashian in April 2015.
Kanye West Divorce
The latest events indicate that Kim Kardashian and Kanye West’s marriage is completely over. Kanye West and Kim Kardashian have decided to division, and he has agreed to pay Kim Kardashian $200,000 a month in child support.
A court formally ruled that they were legally separated in March 2023. Due to the couple’s successful negotiation of a divorce settlement, the division of their assets and money, which was earlier scheduled to be decided in a trial scheduled for December 14, 2022, has been postponed.
Kanye West Awards and Achievements
By the number of digital singles sold (69 million), West is the fourth-highest certified artist in the US. He was the male musician in the 2000s with the most RIAA digital song certifications (19), and the fourth best-selling digital song artist in the US during that time. West was the fourth quickest artist to reach one billion streams in the first 10 years of Spotify’s existence, from 2008 to 2018, and the sixth most streamed artist overall.
West has the joint-most studio albums that have debuted at number one on the Billboard 200 chart nine times in a row. He came in third place on Billboard’s list of the top producers for the decade ending in the 2000s[446] and has shared the top spot in the Pazz & Jop critics’ poll with Bob Dylan the most times (four albums).
West has had 75 Grammy nominations overall, winning 24 of them. He has garnered the fourth-most wins overall in the 2000s and has been the most nominated artist at five awards shows. When West’s first three albums were nominated for Album of the Year in 2008, he made history as a solo artist.
Webby Awards for Artist of the Year, the Accessories Council Excellence Award for Stylemaker, the GQ Awards for International Man of the Year, the Clio Award for The Life of Pablo Album Experience, the Recording Academy Award, and more have all been given to West. The Billboard Artist Achievement Award has been given to eight artists, including West. He was the third rap act to win in 2015 Jackson Video Vanguard Award.
Kanye West Car Collection
Lamborghini Aventador | $1 Million |
Range Rover Sport | $210,000 |
Porsche 911 | $260,000 |
Lexus GX | $160,000 |
Rolls-Royce Dawn | $1 Million |
Rolls-Royce Cullinan | $1 Million |
Bentley Continental GT | $900,000 |
Kanye West House
Kanye West has more than 20 homes spread all over the country. For $37 million USD, he recently acquired a 20,000-square-foot mansion in Florida. The following list includes a few other homes he owns.
Property Location Value
Phoenix, Arizona $5 Million USD
Oklahoma City $3 Million USD
Denver $3 Million USD
Houston $11 Million USD
Seattle $16 Million USD
Las Vegas $10 Million USD
FAQs
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What is the height of Kanye West?
Kanye West height is 5 ft 8 inches.
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What is Kanye West Net Worth in 2007?
Kanye West Net Worth was $17,000,000.
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What was Kanye West net worth before Kim Kardashian?
Kanye West net worth was $1.5 Billion before Kim Kardashian.