Kanye West ‘thinks Forbes is understating his net worth by $7 billion’ after the magazine put him at $2 billion on its billionaires list.
Kanye West reportedly thinks Forbes is understating his $7 billion net worth after the magazine’s list of billionaires put it at $2 billion.
The magazine listed West’s real-time net worth as $2 billion on its star-studded list, but insiders said The Blast West is worth $7 billion.
According to ET Canada, West is one of several celebrities to make the billionaire list. He follows Oprah Winfrey, valued at $2.6 billion, while his ex-wife Kim Kardashian follows him at $1.8 billion.
West has struck multiple deals, but the magazine’s criteria for determining an individual’s net worth don’t consider the “business value of existing long-term deals,” according to The Blast.
The net worth is partly determined based on the “last annual income.”
The Blast claims that West’s team was informed of the item in advance and is unhappy with how its value has gone down in history.
Alongside his successful music career, according to The Blast, West has a multi-year deal with Adidas with their hit Yeezy line and a big deal with Gap, where he produces and designs apparel for the company.
The Yeezy Gap apparel collaboration grossed $1 billion in its first year, and now a new line, Yeezy Gap Engineered by Balenciaga, is set to launch later this year.
According to The Blast, Kanye also owns a small stake in Skims, ex-wife Kim Kardashian’s shapewear brand.
According to The Blast, West believes the publication is trying to “control and diminish him, even at the cost of his integrity.”
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