Forbes has confirmed Kanye West’s billionaire status this week, arguing that according to their estimates, the rap star has now a net worth of $1.3bn, thanks to his Yeezy sneaker collection. West, however, was not satisfied with their calculations, Forbes reported, by saying in a private text this week that his fortune was in reality much larger.
“It’s not a billion,” West reportedly said. “It’s $3.3 billion since no one at Forbes knows how to count.”
So far, Forbes has estimated, based on the documents provided by West’s team, that the singer’s Yeezy sneaker line is worth around $1.26bn, while his GOOD Music record label and publishing rights are worth around $90m in total.
The business magazine then noted that the star rapper has around $81 million invested in property, $21 million in land, and some $35 million reportedly in stocks. According to the documentation, West also has around $17 million in cash.
These figures have not been independently verified, Forbes notes, and Kim Kardashian’s share in the property, illiquidity of some assets, as well as alleged $100 million in debt, should also be accounted for when making estimates, thus leaving the rapper with slightly more than $1 billion.
Normally Forbes would value your worth & publish according to their findings. When Forbes refused to agree with him that he was already a billionaire, Kanye West sent them documents to show he was worth $3.3b. Forbes did their own maths to end with $1.3b. Either way, BILLIONAIRE! pic.twitter.com/LIhwSBixz6— JJ. Omojuwa (@Omojuwa) April 25, 2020
The review by Forbes came after West was reportedly displeased with the magazine’s article last summer, that refused to brand him as a billionaire, despite his assurance of the contrary, something he privately branded as “disrespectful”. Nor was he satisfied with the Forbes’ billionaire list last month, which still did not feature his name.
“You know what you’re doing,” West was said to be texting. “You’re toying with me and I’m not finna lye [sic] down and take it anymore in Jesus name.”
However, with the new report suggesting that the 42-year-old musician and record producer had finally made it to the list, even outperforming his sister-in-law, cosmetics mogul Kylie Jenner, with her $1bn net worth, has caused joy among West’s fans.
Forbes : Kanye West is now a billionaire with $1.3bn— SMALL JAGABAN🚨 (@__tommyk_) April 25, 2020
Kanye West : "It's not a billion , it's $3bn since now one at Forbes knows how to count "
Welcome to our club Kanye❤✊ pic.twitter.com/iHEncXa7kS
Congratulations, @kanyewest in your new elevation to billionaire status by Forbes magazine. God Almighty will continue to rise you. After all the ups and downs, still, you rise to the top.... Welldone, brethren.— EasterN Race (@RaceEastern) April 25, 2020
Either ways yo!! Either ways..— Norra Wilbor (@bae_weather) April 25, 2020
I love the pain Forbes had to go thru acknowledging him as a billionair ..
Some, however, still made fun of West’s efforts to prove the billionaire status of his fortune, which Forbes has so mockingly reflected on.
Now that my man Kanye West is a certified Billionaire (Forbes) y’all better start believing this 👇🏾👇🏾👇🏾pic.twitter.com/YbyYORfQXw— Sbwl Sbwl (@dacoldest_ncube) April 24, 2020
Money can’t buy a brain🤦♂️— Ę 🅙 (@undercoverjean) April 25, 2020
A father of four, West has even earlier suggested that he could run for US presidency in 2024 and knowing his stubbornness, he certainly could try.