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Forbes Finally declares Kenya west a billionaire

 

Forbes a global media company, focusing on investing, technology, entrepreneurship, leadership, and lifestyle has officially declared Kanye west a billionaire. 

Kanye west who has desired the title billionaire, current net worth estimate” for the Yeezy owner is $1.3 billion,That’s $300 million more than the net worth of his sister-in-law, Kylie Jenner. 

West’s aggressive $3 billion self-appraisal is clearly based on the idea that the business is infinitely portable. It’s not. Taking Yeezy away from Adidas seems almost prohibitively cumbersome, if not contractually impossible,” reported Forbes. “We tend to look at self-appraisals somewhat skeptically. Aside from the music, half of all this presumably belongs to his wife, although she’s no slouch and that math goes two ways. Given the illiquidity of these myriad assets and the lack of independent backup, we’re giving all of this a 50% haircut, leaving about $125 million in assets outside of his Yeezy crown jewel. Then, there’s debt: Between mortgages, advances and other liabilities, we saw about $100 million that West is on the hook for.”

Forbes reported that the rapper’s net worth results from “a $1.26 billion stake in athletic wear brand Yeezy, $17 million in cash, $35 million in stocks, $21 million in real estate, $3,845,162 worth of vehicles, $297,050 of livestock and $53 million in debt”, divided between him and his wife, reality star Kim Kardashian. You would think that will all this under his belt and Forbes finally declaring him a billionaire, West would be content, but no. The mogul, however, refuses to believe that he’s only worth $1.3 billion, claiming “It’s not a billion. It’s $3.3 billion since no one at Forbes knows how to count.”

 

ALSO READ; Taylor Swift Knocks Beyonce off Forbes’ list as the Highest-Paid Woman in Music (See full list)

Forbes ended its highly sarcastic piece with a jab, saying”All told, our current net worth estimate for Kanye West: $1.3 billion, which he’ll be pleased to note is $300 million more than little sister Kylie.”

 

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