Kanye West officially a billionaire

He claims he's been "undervalued".

 

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When Forbes last checked in with Kanye West, the mercurial hip-hop superstar-turned-footwear magnate was tiptoeing through a parking lot crop circle comprised of hundreds of pairs of his Yeezy sneakers. “I’m not a numbers guy,” he explained ten months ago. “To ask me to somehow translate this to numbers is to ask your grandmother exactly what the recipe of the cake was.” There’s only one number that West cares about. A billion, as in dollars. And he cares a lot. After months of requests, West shared his financial records, revealing details about his wildly popular Yeezy sneaker empire—and his fixation on outside validation. ? in bio.

A post shared by Forbes (@forbes) on Apr 24, 2020 at 2:05pm PDT

Source: Instagram (@forbes) 

Kanye West has officially reached billionaire status, according to Forbes.

Surprise surprise, however, as the rapper reckons he's been "undervalued".

Forbes valued his assets including $17 million in cash, $35 million in stocks, $81 million and $21 million in land.

The figures also include his stake in the $1.26 billion Yeezy sneaker line, which according to Forbes is "one of the great retail stories of the century".

There's also the small matter of his music.

Kanye's back catalogue alone is estimated to be worth $90 million.

Although the rapper reportedly has debts of $100 million, the magazine calculates his net worth at $1.3 billion total, putting him ahead of sister-in-law Kylie Jenner.

 

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brb baby

A post shared by Kylie ? (@kyliejenner) on Feb 27, 2020 at 3:33pm PST

Source: Instagram (@kyliejenner) 

However, Kanye was not happy with his valuation.

"It's not a billion," he reportedly said "It's 3.3 billion since no one at Forbes knows how to count."

Cover image source: Instagram (@kimkardashian)