Entertainment
Kanye West not richest black person in US, Forbes debunks claim
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.
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