Did Kanye West Prove He’s Really a Billionaire?
There is no denying the fact that Kanye West and his entire family live a pretty extravagant life. Photographs of the sprawling, modern home that Kanye shares with his wife, Kim Kardashian, and their four children are jaw-dropping, to say the least. And it seems that just about everything the successful rapper does is completely over the top.
The proof that West has an extremely lavish life is shown by the $14 million dollar Wyoming ranch that he recently purchased, as well as his collection of luxury cars, and even smaller things such as Louis Vuitton trash cans. In addition to his successful music career, West runs a shoe and fashion line called Yeezy, and it is pretty safe to say that it brings him in an impressive amount of money each year.
While he surely has a bank account that most people couldn’t imagine in their wildest dreams, there is some dispute over his actual net worth. So, did West really prove that he is actually a billionaire?
What is Kanye West’s estimated net worth?
According to Forbes, West is worth approximately $240 million dollars. As if West didn’t already have much more than enough to afford himself and his family the luxurious lifestyle that they have, his wife is reported to be worth a cool $370 million dollars.
Their real estate portfolio includes their main home in Hidden Hills, Los Angeles, California, as well as a condo in Miami Beach and their two Wyoming ranches. Not only does West own several places where he can stay, but he and his family also travel the world — by private jet, of course.
How does Kanye West make his money?
Curious about how exactly West earns his money? According to Money Inc., he netted most of his huge fortune from album sales.
In addition to that, he is lucky enough to have several endorsements, not to mention his aforementioned shoe and fashion line. His Yeezy shoe line launched almost ten years ago and has been bringing in a serious amount of money lately.
In fact, the sneaker line is considered to be one of the most successful in the entire world, collaborating with the widely popular company Adidas. The footwear isn’t exactly inexpensive, either — just one pair will set a person back well over $200.
Did Kanye West just prove he’s really a billionaire?
We know West likes to do things to the extreme, and chances are, his finances are no different. According to Forbes, West is still only a millionaire, with his wife having a higher net worth than he does.
However, Business Insider reports that the fashion designer and rapper calls himself a billionaire these days and that he also has documented proof in the form of receipts. So, is the rapper’s net worth actually much higher than we originally thought?
He just released a new album, which was extremely well-received by fans and brought in a nice chunk of money. However, we need to keep in mind that music is not West’s only source of income since the Yeezy brand is expected to bring in well over $1 billion dollars in sales in the upcoming year. So while he’s not quite a billionaire, he’s certainly raking in billions in profit.