How Kanye West uses his net worth for philanthropy

He is the richest Black person in US history. He has sold 140 million albums/singles in his career and his music catalog is worth $110 million. Do you know how he uses his money? We have the answer.

Kanye West net worth
Kanye West. The name brings up a range of emotions. Known for unabashed attitude of speaking whatever comes to his mind and his controversial opinions on music, religion and his fellow human beings, Kanye West is synonymous with fame. The world knows Kanye West, but do you know what he does with his money?

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Kanye West has become infamous for repeatedly teasing ‘Donda’, his long-awaited, oft-delayed 10th album. But do you really know what Kanye West has been doing with his billion-dollar net worth? 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.

Net worth$1.6 Billion
Date of birthJune 8, 1977
Height5 feet 8 inches
ProfessionRapper, record producer

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 Kanye West earns his millions in net worth

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. 

Kanye West net worth and 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 and have a billion-dollar net worth. 

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.

Kanye West net worth and real estate

  • 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! Meanwhile, here’s how the net worth of Kylie Jenner is changing lives.

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 six years. Apart 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 company.

Want to read more about other celebrities who use their money for good, including Kylie Jenner and Taylor Swift, read our blogs.

This page is purely informational. Line does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.

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