Kanye West is complex, insightful, and artistic. He’s probably mentally ill, and that’s caused him a lot of trouble in his personal and professional life.
The majority of West’s fortune came from the Yeezy lines he created with Adidas and Gap, but they cut ties with him after he made antisemitic comments and “White Lives Matter” pranks in the fall of 2022.
Here is all we know about Kanye West’s net worth and how Ye made his money so far, from when he made $5,000 for a beat for Jermaine Dupri to when he made millions for his own tours and enormous sums for his Yeezy apparel brand.
Kanye West Net Worth
Kanye West is a multi-talented American artist who also works as a record producer, rapper, and designer. According to recent estimates, Kanye West is worth around $400 million. At one point, Kanye was one of the three wealthiest black people in the United States who had achieved success through their own efforts. After the release of his 2004 album The College Dropout, Kanye became a household name.
With 21 wins from a total of 69 nominations, he has established himself as one of the most successful and decorated musicians of all time. He has shifted his focus away from music and toward business in recent years and now rakes in an estimated $100 million annually. Royalties and other earnings from his Yeezy brand’s collaboration with Adidas have accounted for the bulk of his financial success.
How Much Money Does Adidas Pay Kanye West?
According to Forbes, West may have made as much as $220 million from his Yeezy collaboration with Adidas in a single year. As of October 25, 2022, what is his annual salary from Adidas? Due to his overt anti-Semitism, not much more.
“Adidas does not tolerate antisemitism and any other kind of hate speech,” the company said in a statement. The company’s core values of diversity and inclusiveness, mutual respect, and fairness have been violated by Ye’s recent words and actions, which are inappropriate, hateful, and dangerous.
After careful consideration, the company has decided to immediately sever ties with Ye, cease production of all Yeezy-branded products, and halt all payments to Ye and his businesses. As of right now, Adidas will no longer be involved in the Adidas Yeezy market.
Just How Lucrative is Yeezy for Kanye West Monetarily?
Forbes was given access to the rapper’s financial records, and they report that the Yeezy apparel brand is the primary source of Ye’s wealth. The company produced $1.3 billion in 2020, and while it is unclear how much West personally profited from the line, he likely made around 11 percent, which would put his most recent earnings at a comfortable $143 million.
The multi-year Yeezy collaboration between West and Gap was revealed in 2020. It was calculated that West would lose around $970 million from selling the collection. Sales were expected to “break $150 million in the first full year in 2022,” as reported by Bloomberg. Because the deal was canceled by Gap in 2022, its full potential will never be known.
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Kanye West’s $160 Million Real Estate Portfolio
About $160 million is worth of Kanye West’s land, buildings, and mansions in the United States.
Kim and Kanye’s principal abode is a sprawling mansion in the Los Angeles enclave of Hidden Hills. The first of these interconnected lots was purchased in 2014 for $23 million in two separate deals. Their original property layout included a brand-new residence on 4.5 acres.
Over the course of several years, the couple spent millions of dollars remodeling, enlarging, and personalizing their new house. In 2019, they bought two adjacent properties and united them to create a massive estate that spans 7.5 acres.
The total cost of the real estate deals for the Hidden Hills estate is an astounding $28.5 million. Renovations have cost tens of millions of dollars more.
Their Hidden Hills mansion is worth more than $60 million now. To officially transfer the property into Kim’s name, she paid Kanye $23 million in September 2021. About $3 million of that was spent on furnishings inside the house.
Kayne West purchased a $57.3 million Malibu mansion in September 2021.
Properties that aren’t houses include:
- The $16 million mansion is located on Stokes Canyon Road in Calabasas and spans across 320 acres. This is where he’s held Sunday services and where the Los Angeles County building department banned him from erecting a series of domes due to a lack of proper permits.
- Bighorn Mountain Ranch, a 6,700-acre ranch in Wyoming, for $15 million.
- The Monster Lake Ranch is a 1,400-acre ranch costing $14 million.
- Cody, Wyoming’s $2,000,000 commercial building
He has publicly disclosed assets of $120 million, including $150 million in California real estate and $30 million in Wyoming real estate.
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