The divorce negotiations between Kanye West and Kim Kardashian may have gotten a little more complicated since Bloomberg reportsd that Kanye West is worth $6.6 billion.
Yes, you read that correctly. He’s richer than Mark Cuban and Richard Branson, and it’s primarily because of the staggering success of his Yeezy brand which is responsible for printing money with Adidas and Gap.
Bloomberg reported that Yeezy has been valued by the Swiss investment bank UBS Group between $3.2 billion and $4.7 billion.
It’s further detailed that Gap is expecting its Yeezy line to break $150 million in sales in 2022, and it is expected to generate over a billion dollars in revenue sometime between 2023 and 2029.
West is the sole owner of Yeezy, and he also has full creative control of the brand. He receives royalties with the rate of his royalty increasing as the business grows.
His collaboration with Adidas is incredibly successful, with sales growing in 2020 by 31% to almost $1.7 billion in revenue.
West’s royalty check from that deal alone was $191 million.
Bloomberg was able to take a look at an unaudited balance sheet of Kanye’s finances that was provided by his lawyer, and it has some incredible information on it.
West is sitting on $122 million in cash and stock, and more than $1.7 billion in other assets. Included in that is the underwear line he owns with his wife called Skims.
Incredibly, West claimed just five years ago that he was $53 million in debt.
What a turnaround!