Kanye West's Net Worth Rises Up To $6.6 Billion – He Is Now The Richest Black Person In US History
Author: Wardah Sempa | Thursday 18th March 2021
Kanye West is reportedly the richest black person in US history. With 22 Grammy wins, 140 million album/single sales and several world tours and a successful sneaker and apparel business, it looks like the rapper's net worth has now risen up to $6.6 billion.
Last April we learned for the first time that Kanye West was a billionaire after new details about the impressive success of his Yeezy brand were made public. Actually, not just a billionaire, but a multi-billionaire. At that point, we estimated that Kanye West's net worth was $3.2 billion.
With some new information that was revealed today, we are now updating our estimate of Kanye's personal fortune.
According to new valuations prepared by investment bank UBS, Kanye's sneaker/apparel partnership with Adidas is worth between $3.2 billion and $4.7 billion. Kanye owns 100% of the Yeezy brand, so those valuations go straight to his bottom line. Furthermore, according to UBS, his partnership with The Gap is worth $1 billion.
At $6.6 billion, Kanye West is now the richest Black person in American history.
He leapfrogs from fourth place to first place, surpassing Oprah Winfrey's $3.5 billion net worth, David Steward's $3.9 billion net worth and Robert F. Smith's $6.5 billion. Michael Jordan is now the fifth-richest Black person in the US, with a net worth of $2.2 billion.