/Kanye West becomes the richest black man in US history
Kanye West becomes the richest black man in US history

Kanye West becomes the richest black man in US history


Kanye West becomes the richest black man in US history

By Manpreet Kaur Sachdeva, | News.Sky.com

Kanye West became a certified billionaire a year ago – as did his soon-to-be ex-wife Kim Kardashian West.
Kanye West has become the richest black man in US history, with his net worth reported to have reached $6.6bn (£4.7bn).
The new total has been reported by Bloomberg and gives West a commanding lead over the likes of investor and businessman Robert F Smith and basketball legend Michael Jordan.
After claiming he was $53m (£38m) in debt just three years ago, the rapper and fashion tycoon became a certified billionaire last year with the help of his successful apparel and trainer brand, Yeezy, and a new multi-year contract with clothing retailer Gap.
According to Bloomberg, West’s Yeezy brand – and deals with Gap and sportswear giant Adidas – is valued at $3.2bn (£2.2bn) to $4.7bn (£3.4bn).
The new Yeezy Gap line, set to be released later this summer, is expected to be worth more than $970m (£694m).
As he is the sole owner of the Yeezy company, much of West’s personal net worth comes from there.
Some of his wealth also comes from the $1.7bn (£1.5bn) that he earns from additional assets – including his significant investment in his soon-to-be ex-wife’s Skims label.
TMZ said sources described the divorce as “amicable”, saying Kardashian West is asking for joint legal and physical custody of the couple’s four children, which West is “fine” with.
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