West presented the official unveiling of ‘Donda’, his long-awaited, oft-delayed 10th album, to a crowd of about 42,000 – a sell-out for the event’s configuration. That is another addition to his music catalog. Speaking of music catalogs, did you know that West boasts a catalog worth $110m.
Yeah yeah, money can’t buy happiness, yada yada…. but as a billionaire, West knows, it can pretty much buy you anything else… from $750k solid gold toilets to $500 daily haircuts.
But that’s not all, West’s net worth is reportedly a whopping $6.6 billion, making him the richest Black person in America. However, the numbers are projected so, if we go by what other reports are saying, his net worth is $1.8 billion, which is still high.
How does Kanye West earn his millions?
West is a producer, rapper, fashion designer, entrepreneur and one of the most successful and awarded musicians on the planet. He won 21 Grammy Awards out of 69 nominations.
That contributed to his earning only partially. West currently earns over $100 million per year from his various endeavors. A majority of his earnings come from royalties from his brand Yeezy and Adidas partnership.
Kanye West had it ‘Yeezy’
West’s company Yeezy has its own apparel line, through which he earns a royalty on the sales that estimate to $1.5 billion per year. Yeezy is a $4-$5 billion brand that adds $3-4 billion to Kanye’s net worth.
In 2013, Adidas officially announced its new shoe collaboration deal with West. West earns a 10% royalty on the net revenues from Adidas.
Kanye West for G.O.O.D Music
In 2004 Kanye founded a record label and production company called G.O.O.D Music with Sony BMG that added to his wealth portfolio. G.O.O.D abbreviates to Getting Out Our Dreams.
Some of the artistes who signed to the label are West himself, John Legend, Big Sean, Q-Tip, Kacy Hill and Teyana Taylor.
He is big on philanthropy
West founded the Kanye West Foundation as part of his philanthropic ventures. The foundation provides educational facilities for African-American and Latino children. It even contributed to the Hurricane Katrina relief program.
Kanye West Foundation is an active sponsor of World Water Day, and Live Earth, among other organizations.
Where does Kanye West live?
It goes without saying that the first thing you purchase when you are an internationally renowned superstar, is a mansion to live in—or maybe even five—if you’re Kanye West.
West owns around $120 million worth of real estate in the US.
The Kim/Kanye primary residence is the LA suburb of Hidden Hills, California, consists of multiple additions. The first of the property was acquired in 2014 for $23 million; it featured a newly-built mansion on 4.5 acres.
The couple then spent millions customizing, re-arranging, and expanding their home over the years. The Hidden Hills estate is currently estimated to be worth $70 million.
West’s other real estate assets include:
- He owns a 320-acre estate on Stokes Canyon Road in Calabasas worth $16 million, is where his Sunday Services are held.
- He owns a 6,700-acre ranch in Wyoming called Bighorn Mountain Ranch for $15 million.
- West bought 1,400-acre ranch called The Monster Lake Ranch for $14 million.
- He even owns a $2 million commercial property in Cody, Wyoming.
To sum it up West owns $90 million worth of California real estate and $30 million worth of Wyoming real estate. And that’s $120 million overall. No wonder he is the richest Black American!
Kanye West and Kim Kardashian
Following their separation, Kim Kardashian and Kanye West took a long break and were almost totally incommunicado. Kim and Kanye also known as ‘Kimye’ were married for 6 years. Aside from being a television star and one of the most famous and richest celebrities on the planet, Kim Kardashian is a mother to four children. Kim and Kanye co-parent their children North West, Chicago, Saint and Psalm. Her net worth amounts to $1.4 billion. In 2019 she launched a line of shapewear called ‘Skims’ and West still owns a small stake in the comapny.