Kanye West is reportedly a member of the ‘three-comma’ club, joining the ranks of sister-in-law Kylie Jenner
Kanye West could be the next billionaire.
West’s apparel brand Yeezy, a partnership with Adidas, is said to be valued at close to $1.5 billion, The Blast reported. The 41-year-old rapper and fashion mogul partnered with Adidas in 2013 to launch his clothing and sneaker line, Yeezy — and since he’s a majority stakeholder, his personal net worth has reportedly also reached around a billion dollars.
The “Fade” rapper, who debuted his new album “Ye” in June, dropped new Yeezy merch upon the release, including a line of T-shirts and hoodies that retailed for $65 to $145. He sold $500,000 worth of merch in just 30 minutes, his former manager Scooter Braun revealed at the album listening party in Wyoming.
West’s wife, reality-star entrepreneur Kim Kardashian West, hinted to fans last week during an appearance on “Jimmy Kimmel Live!” that her husband would soon reach billionaire status. When asked if she was “almost a billionaire,” the “Keeping Up With The Kardashians” star replied, “I would say my husband is, so that makes me one right? Close by proximity.” Kardashian, meanwhile, is valued at $300 million, with television deals, her namesake cosmetics company, a video game and an emoji app.
News of West’s net worth skyrocketing comes just two years after he revealed he was in financial trouble. The musician tweeted in 2016 that he was in $53 million in personal debt and asked for help from Facebook founder Mark Zuckerberg: “Mark Zuckerberg invest 1 billion dollars into Kanye West ideas,” he wrote. Zuckerberg didn’t respond to the plea.
West also seems to be keeping up with his sister-in-law Kylie Jenner, 21, who covered the July issue of Forbes magazine as the youngest self-made billionaire with a reported net worth of $900 million.
The outspoken rapper has received his fair share of criticism for his fashion line. In 2016, media skewered his “Yeezy Season 4” fashion show after they were bussed out for a viewing on New York City’s Roosevelt Island during a show started nearly two hours late. Days later while performing at Harper’s Bazaar Icons ball, he gave the fashion crowd the finger during a performance before dropping the mic.
The Chicago native predicted his massive fortune earlier this year. “We have 160 positions to fill by the end of the year,” he tweeted. “Yeezy will hit a billion dollars this year. It is the 2nd fastest growing company in history. It is a unicorn on its way to becoming a decacorn.”
© 2018 Dow Jones & Company, Inc. All Rights Reserved