Is Kanye West’s net worth going to drop because of his divorce?
Kanye West was famous before Kim Kardashian? Shocking, we know. But, Kanye West AKA Yeezy is known as a famous rapper. Rumors have surfaced about West’s marriage to social media star Kim Kardashian. Could the famously wealthy pair be heading for divorce?
The pair have remained quiet about the rumors, but fans are left questioning their collective net worth. Will this divorce impact Kanye West’s net worth? Let’s find out.
Yeezus: A career
You’d be surprised to know that Kanye West’s first song was titled “Green Eggs and Ham” and was recorded on a microphone hanging on a coat hanger when he was thirteen-years-old. West’s mother Donda West paid for him to record the “90s-sounding, yelling-type record.”
Kanye West’s first big break occurred when he sold his first beat to local Chicago rapper Gravity for $8,000. He next sold a beat for $5,000 to Jermaine Dupri for his debut album, Life in 1472. West started to break into the industry and earn money for doing it! His net worth was slowly building.
In the early 2000s, Rolling Stone commented that this was the era Kanye West became a household name:
“West was as interesting and complicated a pop star as the 2000s produced—a rapper who mastered, upped and moved beyond the hip-hop game; a producer who created a signature sound and then abandoned it to his imitators; a flashy, free-spending sybarite with insightful things to say about college, culture and economics; an egomaniac with more than enough artistic firepower to back it up.”
“Through the Wire” was officially released as the lead single off his upcoming debut album, The College Dropout, after being postponed three times. A song from the album hit No.1 across all three Hot 100, R&B, and Rap charts, becoming West’s very first chart-topping song.
Kanye West’s first album debuted and his career skyrocketed. Selling 441,000 copies in its first week, it debuted at No.2 on the Billboard 200 albums chart. It was supported by two new singles, “All Falls Down” and “Jesus Walks”; was eventually certified three-times platinum; and was dubbed a great by both critics and fans. While riding its wave of success, West founded his own record label, GOOD Music.
Money, money, money
Now, Kanye West has twenty-one Grammys and a sneaker brand called Yeezy. He’s married to Kim Kardashian and they have four children together. Forbes reports that the rapper-turned-footwear mogul has an estimated net worth of $1.3 billion. That’s correct, Ye is officially a billionaire according to recent reports.
This all comes after Kanye claimed he was $53 million in debt in 2016. Four years ago, Yeezus even requested Facebook CEO Mark Zuckerberg invest in his companies. “Mark Zuckerberg invest 1 billion dollars into Kanye West ideas . . . after realizing he is the greatest living artist and greatest artist of all time.”
Yeezy, which is produced, marketed, and distributed by Adidas was on track to $1.3 billion in footwear revenue in 2019, according to a Bank of America document.
The majority of West’s assets is generated from Yeezy, but the rapper also possesses about $200 million in other assets. Bloomberg reports that Kanye’s music catalog which includes everything from albums The College Dropout to Jesus is King is worth about $110.5 million.
In true Kanye West fashion, he’s since gone public about Forbes’s claim of his net worth. The rapper argued that he’s actually worth more than that. “It’s not a billion,” West told Forbes. “It’s $3.3 billion since no one at Forbes knows how to count.” David Choi, his personal accountant, provided an unaudited balance sheet to Bloomberg which also claimed West’s net worth is higher than a billion.
His situation could completely change after his alleged divorce with Kim Kardashian, but we hope they signed a prenup . . . .
What do you think about Kanye West’s disputed net worth? Is Kimye officially over? Let us know your thoughts below.