Hours after multiple media portals reported that Kanye West has emerged the richest black person in the United States, with a net worth of $6.6 billion, Forbes has stated otherwise.
The American business magazine released a statement saying that Kanye is worth less than a third of $6.6 billion as shared yesterday by numerous blogs.
According to Forbes;
“It’s not true, based on our calculations. Forbes estimates he’s worth less than a third of that, or $1.8 billion. That’s a big jump from last May when Forbes first pegged his net worth to be $1.3 billion, but nowhere near as much as the purported $6.6 billion…
“The sky-high estimate is the latest of West’s attempts to inflate his net worth, in the past he’s said that Forbes was “purposely snubbing me.”
Forbes stated also that;
“Vista Equity’s Robert F. Smith remains the richest Black person in the U.S., worth an estimated $6 billion, while Aliko Dangote of Nigeria, worth $11.8 billion, is the richest Black person in the world.”
However, the business magazine said that while Kanye’s Yeezy sneakers are selling well, growing the company’s revenue by 30% last year, Yeezy Gap has brought in no revenue, let alone any profits.
Forbes says the same for Kanye’s Yeezy Supply, his e-commerce platform stating that though the singer has high hopes to turn it into a fashion destination, ‘as of now, it just shills his shoes.’
As for Yeezy sneakers, they’re selling crazy well. The company’s revenue grew 30% last year. and its most recent limited drop, the 450 in Cloud White, sold out in under a minute. Analysts with who we spoke agree there’s growth left in the business, and if that occurs, his net worth will continue to climb. But even that’s not 100% certain, so for now, we are sticking with 2020’s numbers.
