The Kanye West-Forbes flap isn’t going away.
This time, it’s about West’s net worth, listed as approaching $7 billion last week.
Forbes says no, saying the reports followed a Donald Trump blueprint in estimating future earnings and putting a value on the individual’s name.
Forbes called the “theoretical future expectations” a flawed measuring tool.
West has called Forbes some very bad things.
Last September, he managed to get himself temporarily blocked from Twitter after sharing the phone number of a Forbes editor.
During an interview with Nick Cannon that same month, he referred to the publication as his “most favorite white supremacists” when discussing billionaire distinctions.
“They cold, bro,” West said. “My most favorite white supremacists is Forbes. Because, bro, I just gotta, like, respect. They gangster, bro. They don’t live in 2020. They act like it’s 1800s, still.”
Many publications last week used Bloomberg stats that mentioned West’s Yeezy and Yeezy Gap valued at up to $4.7 billion. Adding other West assets, those reports put West’s net worth at an estimated $6.6 billion, which made him the richest Black person in the U.S.
Forbes’ staff writer Madeline Berg, however, put West’s worth at approximately $1.8 billion – still a significant gain since last May.
Berg explained Forbes’ calculations on current revenues instead of theoretical ones:
“West’s wildly optimistic approach to his net worth mirrors the approach used by Donald Trump, who insists the value of his name be included in any net worth estimate. … West and his camp are making a similar argument for businesses attached to the Yeezy name.”
West, the 43-year-old rapper turned fashion and athletic shoe mogul, has a music catalog worth $110 million, and he holds $122 million in cash and stock, according to Bloomberg.