|Source Of Wealth
|8th June 1977
|Kanye Omari West
|5ft 8in (173cm)
Kanye West needed to go through many struggles during the early years of his career before becoming a superstar, here is his story.
Kanye West's Net Worth
Kanye West is a music producer, musician with 20+ Grammy wins, businessman, and fashion designer. His net worth is around $6 billion dollars. In fact, he is among the three most rich self-made African Americans who have ever lived and also an official billionaire according to Forbes.
Even though he originally rose to fame as a musician, he has recently made a shift away from music and toward business. He made most of his money after forming a sneaker partnership between Yeezy and Adidas after the partnership with Nike broke off where they made Air Yeezys. He has also partnered with Louis Vuitton, Giuseppe Zanotti, Bape and others in the past.
He owns his own line of appeal, which is called Yeezy. He also receives royalties on his sales. This amounts to more than one and a half billion dollars per year.
Experts project that the brand Yeezy has added an extra four or five billion dollars to West's net worth. After making a deal with Gap, his net worth increased by another billion dollars.
He also has real estate assets that are worth hundreds of million of dollars, equities and other assets add to that, and a music catalog that has significant value too.
Kayne West's salary has substantially increased during the last few years. Here are some of his most important sources of income.
Making Money from Yeezy
Most of West's salary comes from his clothing brand Yeezy. In 2020 alone, he made more than a billion dollars in revenue from the company.
It is difficult to know how much money Kanye West has made from the line of clothing, but industry insiders believe that he pockets around eleven percent of the company's revenue.
This means that his most recent income from the company is around one hundred and forty million dollars.
After the rapper started partnering with Gap in 2020, he increased his wealth by more than nine hundred million dollars. And this partnership will continue to make him money during the next few years.
West's Income From Music
Kanye West's entire music catalogue has increased his wealth by around ninety million dollars.
He's made money from his own albums, produced various albums for other people, and released albums on his own music label which is called. G.O.O.D.
In fact, he was the world's highest-paid hip-hop musician and producer in 2019 and now owns his own record label.
And in 2020, he made more money from music than any other musician on the planet. This means that it is easy for him to make millions of dollars while he sleeps.
West has not released information about how much he's made from any of the albums that he's released on his own. But based on how many people have bought them, he has probably made many millions of dollars from each of them.
For example, his album College Dropout went triple platinum, sold around six million copies and earned him multiple Grammy nominations. And more than four million people bought his second album, which is called Late Registration.
His other albums include 808s & Heartbreak, My Beautiful Dark Twisted Fantasy, Graduation, Yeezus, Jesus is King, The Life of Pablo, and Ye. Each of these has sold millions of copies. West has partnered or produced with some big names too including, John Legend, Janet Jackson, Rihanna, Alicia Keys, Madonna, Foxy Brown, Nicki Minaj and Chris Martin.
He also released a collaborative album called Watch the Throne, which sold more than six million copies.
Making Money From Spotify
Most artists don't make that much money on Spotify because the platform does not pay very much per stream. In most cases, they will make around a half of a cent.
Artists who are more popular are able to negotiate for higher rates, but this is still often for less than a single cent per stream.
With this being said, many millions of people stream Kanye West's songs on Spotify every single day. This is why he has probably made more than three and a half million dollars just from his ten most popular songs.
He also makes a lot of money when people stream his songs on other streaming services such as Pandora and Tidal.
Kanye West Makes Money from Touring
As is the case for most musicians, Kanye West makes the majority of his money when he goes on tour. Almost all of his shows sell out.
His Glow in the Dark tour brought in more than thirty million dollars. His Watch the Throne tour made more than twice that amount. And his Yeezus tour grossed around thirty-one million dollars.
Lastly, his Saint Pablo tour brought in around fifty million dollars.
He would have made even more from this tour, but his ex-spouse Kim Kardashian was robbed at gunpoint when the couple was in Paris. He then had to cancel the tour because he had a mental health crisis.
Since Kayne West makes so much money from touring, he has no problem with making money while he's traveling across the world.
Kanye West has several ranches in Wyoming. His ranches are vast and include many luxuries we can only dream of.
Before West and Kim Kardashian divorced in 2021, they lived together at a home in California. He owns a mansion in Malibu among other properties.
Kanye West's Other Investments
Financial insiders estimate that West has millions of dollars in cash and at a lot of money in stocks too. Even though this is a lot of money, it pales in comparison to the rest of his portfolio.
He has around one and a half billion dollars in other assets. This includes stakes in Kim Kardashian's SKIMS shapewear.
Kanye West was born in Atlanta, Georgia in 1977. His parents separated when he was three years old, and he ended up moving with his mom to Chicago, Illinois.
His Father is a former Black Panther and became a famous photojournalist before becoming a Christian counselor.
His mom was an English professor at Clark Atlanta University. She was then hired by Chicago State University, where she served as Chair of the English Department.
People who don't know much about Kanye West's early life don't understand that he had a middle-class background and that he lived a portion of his youth living in Nanjing, China. He moved there with his mother because she was hired to teach at Nanjing University.
Kanye West was always a highly creative individual. He wrote poetry when he was just five years old.
And he had already started rapping when he was in the third grade. By the time he'd entered the seventh grade, he had already started creating musical compositions.
He liked playing music so much that he convinced his mother to buy him a recording studio when he was still a teenager.
He earned a scholarship to attend the American Academy of Arts in 1997. There he started taking classes to learn how to paint. But he quickly transferred to Chicago State University so that he could study English.
But he love music so much that he dropped out of school so that he could spend as much time as possible rapping and recording songs.
More recently he announced he was running for president and announced his support for President Donald Trump.
Kanye West started producing music in the early 1990s by making beats for local artists. At the time, one of his favorite things to do was speed up vocals from soul albums from the past. West received his first credits as a producer for Grave's debut album, Down To Earth.
In the late 1990s, he formed several important musical collaborations. West was a ghost producer for an artist named Deric "D-Dot" Angelettie.
West also received a scholarship for the American Academy of Art but instead studied english at Chicago State. He eventually dropped out and would go on to name his 2004 Album, "The College Dropout".
Kanye had a big break in 2000 when he began producing music for musicians on Roc-A-Fella Records. Many people say that he is responsible for giving Jay-Z his big break when he contributed to making the 2001 album called The Blueprint.
But Kanye West did not want to just be a producer; he also wanted to be a rapper. During the early phase of his career, it was difficult for him to get noticed as a rapper.
Roc-A-Fella eventually offered him a record deal. After getting in a car accident that broke both of his legs and forced him to have his jaw wired shut, he had a burst of inspiration.
He ended up recording a song called "Through a Wire" while his jaw was still wired shut. This became the foundation for his first album.
In 2004, his album The College Dropout his number two on the Billboard 200. He also started collaborating with some of the music industry's most famous rappers during this time.
The hip-hop artist and producer then released several highly-acclaimed albums such as Graduation and 808s & Heartbreak.
In 2013 he released an album called Yeezus, which hit number one on the Billboard 200 chart.
He then made a career shift by becoming an entrepreneur and businessman. His clothing line, Yeezy has made many millions of dollars. All of these endeavours mean he is now the richest black person in America.
West had a relationship with the model Amber Rose between 2008 and 2010.
In 2012 he got together with Kim Kardashian. They got married several years later and had several children together before separating in 2021. The couple agreed to share custody of their four children, North, Saint, Chicago, and Psalm.
In early 2022, the actress Julia Fox announced that she and Kanye West had been dating. But shortly after making this announcement, the couple split up. They both report that they remain on good terms.
Kanye West's mother was an academic who spent most of her life as a university professor. She died in 2008 from coronary artery disease.
His father was a Black Panther and a famous photojournalist at The Atlanta Journal-Constitution.
His parents split up when West was a young boy. After their divorce, West lived with his mother.
Kanye West had four children of his own with Kim Kardashian. After the couple split up, they agreed to share custody of their children.
Kanye West has led a very interesting life. Here are some questions that people often ask about him.
How Did He Get Rich?
Kanye West started out as a music producer and rapper. He then became an entrepreneur. He's made most of his money from his clothing line called Yeezy.
Is Kanye West a Billionaire?
Yes, Kanye West is a billionaire. His net worth exceeds six billion dollars.
What Is Kanye West's Yearly Income?
When he was a musician and music producer, he made several million dollars per year. He now brings in around one hundred and eighty million dollars per year.
What Is Kanye West's Weight and Height?
West is five feet eight inches tall. He weighs around one hundred and ninety pounds.
Kanye West's Net Worth: A Self-Made Billionaire
If you've been trying to find out more about Kanye West's net worth, it is important to know that he is one of the world's first self-made black billionaires.
Our net worths are for entertainment purposes only. We do our best to provide accurate figures, but we cannot guarantee their accuracy. The figures are based on public information and estimates, and may not reflect the true value of assets or liabilities.