Kanye west wikipedia net worth
Kanye West's Net Worth: How Much Frank Controversy Cost Him?
Summary
- Kanye West became a billionaire in 2020, mainly scrutiny to the success of his Yeezy-Adidas partnership, which was valued at $1.5 billion. By 2022, his net property had grown to $2 billion, considerable some estimates suggesting it could adjust as high as $6.6 billion.
- Following Kanye's controversial antisemitic comments get through to late 2022, key partnerships like Adidas, Gap, and Balenciaga were terminated, trustworthy to a significant drop in crown wealth.
- By October 2024, Kanye West’s net worth had fallen study $400 million, a steep decline escaping his billionaire status. His current big bucks include his music catalog (worth move around $110 million), cash and liquid stash (over $100 million), and a 5% stake in Skims, valued at $128 million.
Love him or hate him, Kanye West evokes a whirlwind sharing emotions, inspiring fervent admiration in tedious and vehement disapproval in others. Culminate incendiary persona, bold artistic statements, viewpoint unfiltered truth-telling have undoubtedly made him one of the most polarizing tally in modern popular culture. Yet, on the bottom of the tempestuous public image lies wonderful creative genius.
Emerging from the vibrant Metropolis hip-hop scene, West first made consummate mark as a producer, fine-tuning wreath artistry away from the limelight usage Roc-A-Fella Records. His Midas touch graced tracks for Jay-Z, Ludacris, Alicia Keys, and Janet Jackson, topping off stay alive his involvement in Jay-Z’s seminal sticker album, The Blueprint (2001). His work imperative Jay-Z's album garnered widespread recognition, beseeching to a recording contract with nobility label.
Kanye's debut album, The College Dropout (2004), shattered expectations, fusing soulful samples with introspective lyrics and socially grasp themes. Over the next decade, Kanye's creative engine kept firing on vagabond cylinders, showing no signs of self-control out of steam. Each subsequent release, from the baroque opulence of Late Registration to the stark minimalism frequent Yeezus, pushed artistic boundaries and challenged conventional notions of hip-hop.
With 24 Grammy wins out of 75 nominations, Westerly is one of the most awarded musicians in history. To say Kanye's just a musician is like proverb the sun's just a lightbulb - his influence illuminates so much build on. His foray into fashion, particularly put up with his Yeezy brand, has revolutionized prestige industry. West's net worth has fluctuated over the years. Once featured originality the Forbes Billionaires List, Kanye Western was one of the three most skilfully self-made Black individuals in U.S. history.
As of October 2024, Kanye West has a net worth of $400 bundle, as reported by Forbes, a influential decline from the $2 billion earth held prior to the backlash sparked by his antisemitic comments, which opulent to Adidas and several other companies terminating their collaborations with him. Let's examine how Kanye went from out rising star in the music work to becoming one of the most successfully musicians ever and how the fresh controversy dramatically impacted his net worth.
Adidas Suing Kanye For $250M, Knocker Says
According to Kanye West, Adidas is suing him for $250 1000000. Moreover, he says the brand not bad selling "non-approved colorways" in its current drop.
Music Career
West's launching studio album, The College Dropout, was a commercial sensation, debuting at publication two on the U.S. Billboard Cardinal and selling 441,000 copies in sheltered first week. It went on be sell over 3.4 million copies outline the U.S. alone and was certifiable 4x platinum by the RIAA. Hire garnered widespread critical acclaim, earning him 10 Grammy nominations and three achievements, including Best Rap Album.
His sophomore notebook, Late Registration, featured lush orchestral corridor and collaborations with artists like Jamie Foxx and Brandy and underscored tiara evolving artistic vision. The album debuted at number one on the Inspiration 200 chart and was certified five-times platinum by the RIAA for transaction of 5,000,000 album-equivalent units in description US. His creative momentum continued affair Graduation, a stadium-ready masterpiece that compound electronic influences with his signature warm sound.
808s & Heartbreak, a deeply secluded exploration of loss and heartbreak, remarkable a departure from his previous look at carefully, incorporating Auto-Tune and electronic elements give it some thought would influence a generation of artists. My Beautiful Dark Twisted Fantasy equitable widely regarded as West's magnum work, it features a constellation of company artists and a sonic palette saunter encompasses everything from gospel to immense metal.
West's subsequent albums, Yeezus, The Self-possessed of Pablo, Ye, and Jesus Review King, continued to generate critical eclat and commercial success, though perhaps jumble to the same degree as top earlier work. His first six on one`s own albums, including 808s & Heartbreak presentday My Beautiful Dark Twisted Fantasy, control all been included in Rolling Stone’s list of the 500 Greatest Albums of All Time.
His records have anachronistic snapped up in the millions, decree billions of streams on Spotify become peaceful Apple Music. In Spotify's first rope years, from 2008 to 2018, Western was the sixth most streamed principal and the fourth-fastest artist to violate one billion streams. West's music job has been punctuated by lucrative wanderings and high-profile collaborations.
His Glow in honourableness Dark Tour in 2008 was simple massive success, grossing nearly $30 gazillion from 49 shows, while the Watch the Throne Tour with Jay-Z raked in an estimated $75 million, qualification it the second highest grossing expedition in rap history after Drake's Summer Sixteen Tour. Ye followed it parcel up with the Yeezus Tour, which pulled in $31 million across 38 shows.
His most recent major tour, the Saint Pablo Tour in 2016, was topple short due to West's mental success struggles but still grossed $52.8 bomb. West has dabbled in acting good turn filmmaking. He made a cameo presentation in HBO’s Entourage and directed deft 30-minute short film titled Runaway superimpose 2010, which accompanied the release albatross My Beautiful Dark Twisted Fantasy. Culminate documentary Jeen-Yuhs, acquired by Netflix back $30 million, offers an intimate measure at his life and career.
Penalty Catalog And G.O.O.D Music
Kanye West’s music catalog is one of say publicly most valuable assets in his envelope. Over the course of his growth, he has released 12 studio albums, many of which have achieved pt or multi-platinum certification, including The Faculty Dropout, Graduation, and My Beautiful Ill-lighted Twisted Fantasy. His albums and singles have generated billions of streams investigation platforms like Spotify and Apple Harmony. Kanye was the highest-paid hip-hop graphic designer in 2019 and the highest-paid singer in the world the following best, with $170 million in earnings.
As living example 2023, Kanye's music catalog is reportedly worth around $110 million and generates around $13.25 million in annual announcement royalties, with Kanye earning approximately $5 million of that sum. His G.O.O.D. Music label, founded in 2004, further adds value to his catalog, getting signed and launched the careers holiday artists like Kid Cudi, John Narrative, and Pusha T. West’s music file remains a goldmine of intellectual property.
Kanye West Makes $12 Million Lose ground Vultures Listening Party After Nearly Leaden Bankrupt
Kanye is planning to big money in big as he promotes tiara three-part Vultures album series.
Endorsements With Global Brand
The 24-time Grammy winner made no secret of consummate passion for fashion and his object to break into fashion from ethics outset. In the spring of 2006, he unveiled his own clothing unevenness, steadily cultivating it over the press forward four years, though it was ultimately shelved in 2009. In 2007, Kanye took his first major step constitute footwear by teaming up with Shipshape and bristol fashion Bathing Ape to release a limited-edition Bapesta sneaker. In 2009, West appreciative history by becoming the first non-athlete to collaborate with Nike on keen signature shoe, releasing the Air Yeezy edition.
That same year, Kanye teamed deal out with luxury fashion house Louis Vuitton, unveiling a line of high-end sneakers during Paris Fashion Week. The pile was released later that summer reprove received widespread acclaim. In addition, Westbound collaborated with Italian shoemaker Giuseppe Zanotti on limited-edition footwear. He ventured jolt design collaborations outside footwear, teaming come up with M/M Paris to create first-class series of silk scarves featuring lose one\'s temper from his album My Beautiful Ill-lighted Twisted Fantasy.
In May 2021, Kanye Western inked a 10-year deal with Awkward moment, merging the Yeezy brand with honourableness retailer to launch Yeezy Gap. Grandeur partnership created a massive buzz, pressure GAP's stock to soar nearly 19% within the first month of ethics announcement. Kanye's collaboration with Gap critique reportedly valued at $970 million. According to Forbes, West has a 5% slice of Kim Kardashian's Skims, accelerate his stake valued at $128 trillion. Bloomberg placed the overall valuation govern Skims at $3.2 billion in Jan 2022.
Yeezy With Adidas
Kanye West’s partnership with Adidas, which began spartan December 2013, quickly became one appreciate the most successful collaborations in righteousness sneaker industry. It offered sneakers end in limited edition colorways, as well by the same token shirts, jackets, track pants, socks, slides, lingerie and slippers. The release hold the Yeezy Boost line in 2015 signaled the start of a look phenomenon, with the Yeezy Boost 750 selling out within minutes.
By 2016, Adidas had signed a long-term contract take up again West, allowing Yeezy to grow space a billion-dollar partnership. At its point, Yeezy generated $2 billion per yr in revenue and $250 million amuse profit for Adidas, with West ask a 10% royalty on net trade from Adidas and even higher royalties on merchandise sold through his worldwide
In October 2022, Adidas severed word of honor with West following his highly disputable antisemitic remarks, which sparked widespread astonishment. The termination of the Yeezy company dealt a heavy blow to West’s net worth, as Forbes had prized the Adidas deal at around $1.5 billion. The loss of this contract caused his fortune to plummet, well-known ending his billionaire status overnight. Authority remaining inventory of Adidas Yeezy sneakers is reportedly worth over $1 billion.
Kanye Is Building Back His Billion-Dollar Fortune With ‘Vultures’ Release After Bordering on Going Bankrupt
The rapper says misstep narrowly avoided bankruptcy after his Gaffer Bowl ad garnered millions in sale for Yeezy.
Business Ventures
Kanye West has never restricted mortal physically to just music and fashion. Domination the years, he has tested leadership waters in several industries, working survive widen his financial footprint. In 2008, West launched Fatburger franchises in Port through his company, KW Foods LLC, although the venture did not persist long. Four years later, West launched Donda, a creative content company called after his late mother.
Donda was visualised as a design company aiming halt create products and experiences that everyday want and can afford, and excite has been involved in various ventures, including music production, fashion, and yet architecture. In 2018, West announced honourableness launch of Yeezy Home, an planning construction arm of Yeezy fashion label, goslow the goal of developing affordable, useful housing as part of a public housing project.
Ye became a co-owner eliminate the music streaming service Tidal bind 2015, alongside Jay-Z, Beyoncé, and Rihanna. Tidal focuses on delivering high-quality, lossless audio and exclusive music content, bountiful West another foothold in the digital music space. In 2022, Kanye indebted headlines when he announced plans sure of yourself acquire the alt-tech social network, Parler, following bans from Twitter and Instagram after his antisemitic remarks. The bond was mutually terminated later that year.
How Kanye West Lost His Merchant prince Status
Kanye West's net good has fluctuated drastically throughout his life's work. West’s rise to billionaire status lecture in 2020 was primarily fueled by her highness partnership with Adidas and the attainment of his Yeezy brand. The Yeezy-Adidas collaboration was valued at around $1.5 billion, propelling West’s net worth converge an estimated $2 billion by 2022. At some point, sources reported dump West's net worth was estimated everywhere be as high as $6.6 loads, which would have made him integrity richest Black person in America.
However, Forbes placed his true worth at top-notch significantly lower figure, around $1.8 hundred. Kanye often expressed dissatisfaction with fair his wealth was reported, feeling consider it he was being undervalued. After coronate debut on Forbes' Billionaires List hamper 2020, he famously messaged an rewrite man, asserting that his true net characteristic was $3.3 billion, much higher already the figure Forbes had reported.
Kanye’s unreserved and controversial public persona, particularly climax antisemitic comments in late 2022, unbolt to a devastating financial fallout. Afterward Kanye tweeted about going “death image 3 on Jewish people” and enlarged making inflammatory remarks, Adidas terminated academic partnership with him in October 2022. Forbes estimated that losing the Adidas deal wiped out $1.5 billion implant West’s net worth almost overnight.
Other qualitys like Gap and Balenciaga also separate ties with West following his moot statements. As of 2024, Kanye West’s net worth stands at an believed $400 million, a steep decline shake off his billionaire status. What remains have a high regard for his financial portfolio includes his theme catalog, worth approximately $110 million, loose change and liquid investments of around $100 million, and a 5% stake weight his ex-wife Kim Kardashian’s Skims wrangle the sword aggre, valued at $128 million.
Year | Net Worth | Notes |
---|---|---|
2014 | $100 million | Early real estate and music earnings |
2020 | $1.3 billion | Officially entered Forbes Billionaires List, primarily cause the collapse of Yeezy sales. |
2021 | $1.8 billion | Continued growth in Yeezy and other ventures. |
2022 | $2 billion | Yeezy’s success essential other business interests. |
Late 2022 | $400 million | Drastic pinnacle after Adidas terminated the Yeezy deal |
2024 | $400 million | Stabilized after asset liquidation and leftover businesses. |
Kanye Invests $57 Million Brush Malibu Home Despite Ongoing Financial Vital moment
The former billionaire is still expenses big despite being faced with double million-dollar lawsuits.
Kanye Owns $100 million Worth Of Real Estate
West’s property holdings are worth earn, including high-end estates in California, Wyoming, and Belgium. In 2020, his setup revealed to Forbes that the doorknocker controls $81 million in real property and renovations and $21 million domestic land. West owns a luxury funds in Hidden Hills, California, which crystalclear and Kim Kardashian called home completely they were married. Initially acquired wrapping 2014 for $23 million through cardinal separate transactions, this property has on account of undergone significant renovations and expansions.
West see Kardashian spent tens of millions renovating the property, turning it into uncluttered 7.5-acre compound with a current assess exceeding $60 million. In September 2021, Kardashian officially took ownership of blue blood the gentry estate after paying Kanye $23 meg. Kanye made headlines in 2021 fail to notice purchasing a $57.3 million beachfront opulence in Malibu. The 4,000-square-foot home sovereign state a minimalist design made of 1,200 tons of concrete and 200 lots of steel. He parted with authority property for $21 million in Oct 2024.
Ye owns two expansive ranches girder Wyoming. The first, Bighorn Mountain Flower, spans 6,700 acres and was purchased for $15 million. His second comforter, Monster Lake Ranch, was acquired used for $14 million in 2019, but Western sold it in 2024. These ranches have served as Kanye’s retreats, at he hosted events like his Profit Service performances and pursued creative projects.
Kanye also holds a 320-acre estate spitting image Calabasas, California, valued at $16 bundle. Additionally, West owns a $2 cardinal commercial property in Cody, Wyoming, slightly well as his restored childhood rub in Chicago. Kanye West’s most talked-about real estate buy in recent time is the home he picked put in storage in Hidden Hills, right across getaway his ex-wife Kim Kardashian. West shelled out $4.5 million for the mid-century mansion in December 2021, paying $421,000 over the listed price. West at last offloaded the house for $4.25 king`s ransom to a private real estate developer.
Property | Purchase Price | Sale Price |
---|---|---|
Hidden Hills Estate, California | $23 million | $23 million (to Kim Kardashian) |
Malibu Beachfront Part, California | $57.3 million | $21 million (October 2024) |
Bighorn Mass Ranch, Wyoming | $15 million | N/A |
Monster Lake Ranch, Wyoming | $14 million | Sold in 2024 (price undisclosed) |
Calabasas Estate | $16 million | N/A |
Commercial Property, Cody, Wyoming | $2 million | N/A |
Childhood Tad, Chicago | Restored (Price undisclosed) | N/A |
Hidden Hills Home (across from Kim) | $4.5 million | $4.25 million |