Kanye West, now officially known as ‘Ye,’ is an American rapper. He is also a music producer, fashion designer, songwriter, and singer from Atlanta, Georgia. According to Forbes, Kanye West is the richest Hip-Hop star with a net worth of 2 Billion USD.
In this article, we will review all of Ye’s assets, businesses, and investments. Read to the end if you want to find out how he makes and spends his money.
Kanye West Net worth
Kanye West’s current net worth is 2 Billion USD.
Let’s look at Ye’s net Worth in the last five years.
| 2023 | 2 Billion USD. |
|---|---|
| 2022 | 1.8 Billion USD |
| 2021 | 1.3 Billion USD |
| 2020 | 240 Million USD |
| 2019 | 160 Million USD |
Kanye West Networth Graph
Investment and Income Sources
Besides his music business, Kanye West is an entrepreneur and serious fashion Mogul. In addition, he has a huge collection of supercars and real estate properties that add to his net Worth.
Unlike most U.S. rappers, known for blowing up money, Kanye focuses on multiplying his wealth.
Yeezy
Yeezy is a shoe brand that HE launched in the late 2000s. It is the biggest income generator for Kanye so far. He recently produced document proof to Forbes revealing that Yeezy has generated billions of dollars in revenue.
So far, Yeezy has collaborated with top footwear designers and manufacturers. Notable mentions are Adidas, Nike, Zanotti, Bape, and Louis Vuitton. West became the first non-athlete to strike a shoe deal with Nike in 2009.
Nike, in collaboration with Kanye West, released the Air Yeezys Sneakers. The show was released two years later and sold out in 10 minutes. A few years later, Kanye struck a new deal with Adidas to produce the Yeezy Boost 750 Sneaker.
Adidas produced six more Yeezy designs in 19 different colors. After the success of all their previous releases, Adidas announced a long term in 2016. Since then, they both released a series of clothing lines in seasons.
The new contract earns Kanye West a royalty rate of 10% of all the Yeezy shoes sold on the Adidas website. Additionally, he earns more than 10% in royalties for the shoes sold via his website Yeezysupply.com.
Real Estate
Kanye West was raised from a humble beginning and has become one of the most successful artists. Real estate is like a haven for Kanye’s wealth.
He has bought several luxurious mansions showcasing his rustic and modern style taste. Apart from houses, Kanye purchased a 4200-acre ranch in Wyoming, only 52 miles from yellow stone National park.
Only a one-bedroom property sits on the ranch. Instead of developing the ranch with mansions, Kanye maintained its natural form. The only notable feature he has added to the ranch is a full-size Go-kart track.
In 2021 after his breakup with Kim Kardashian, Kanye went to his ranch to stay out of the spotlight. Recently, Kanye also acquired the small house he was raised in Chicago. He rushed to Chicago to buy the place immediately after finding out it was on sale. Let’s take a look at Kanye’s real estate portfolio.
- Malibu home, 4,000 sq – $57.3 million
- Wyoming Ranch, 4000 acres – $8 million
- Los Angeles ranch – $2.2 million
- Four bedroom hidden hills mansion- $23 million
G.O.O.D. Music
G.O.O.D. Music is a recording label that Ye founded in 2004. Since then, it has released a couple of songs that have hit Billboards’ top 100 songs in the U.S. With two singles, ‘All of me’ and ‘Panda by John Legend and Designer, respectively, hitting number one.
Kanye West appointed Pusha T as the C.E.O. of G.O.O.D. music in 2015. He appointed Steven Victor as the C.O.O. Kanye has released several of his singles and Alums under the G.O.O.D. Music recording label.
After more than ten years, Both John Legend and Big Sean left the recording label. Despite the fallout, the artists are still good friends. Kanye promised that his tombstone would stay even when he dies, referencing the recording label.
Early Life
Kanye West was born in Atlanta, Georgia, on 8th June 1977. However, his parents divorced when he was three years old, and his mother moved to Chicago, Illinois.
His love for music goes way back to grade 3 when he first started rapping. When he got to grade 7, West started making musical appearances.
This is where he met his mentor, D.J. No I.D, who helped him kick-start his career as a music producer. In 1997 Ye received a scholarship to join the American Academy of Art.
He was later transferred to study English at Chicago State University. Ye eventually dropped out of school to pursue his music career at 20.
He started his career by creating beats for local artists. Kanye honed his skills before his name hit the mainstream in 1996. He received the credits for producing Down to Earth for the Chicago rapper Grave.
Controversies
Just like most rappers, Kanye has had a handful of controversies. Of course, most of them are publicity stunts. However, sometimes he does or says things that spark media reactions.
The greatest controversial moment was when he changed his name from Kanye Omari West to just Ye. Also, he named his child East, which is opposite his name.
In 2020, Kanye announced his bid to become America’s President. He made it into the ballot in a few states. Although major setbacks overcame his bid, he didn’t lose his hopes until the last minute.
Another controversial career moment was when he announced that he was a born-again Christian. In 2019, Ye revealed that his Christian faith saved him from alcohol. He even released gospel tracks. His most popular gospel tracks include “Lord I need You,” Use this Gospel,” and “On God.”
Kanye West Biography Summary
| Date of Birth | 8th June 1977 |
| Age | 45 |
| Gender | Male |
| Zodiac Sign | Gemini |
| Net worth | 2 Billion USD. |
| Height | 5 feet 8 inches |
| Weight | 80 kg |
| Profession | Rapper, Songwriter, Producer, and Entrepreneur |
| Nationality | American |
| Parents | Donda West and Ray West |
| Birth Place | Atlanta, Georgia |
| Relationship Status | Complicated |
| Children | 4 |
| Hair Colour | Black |
| Eye Colour | Dark brown eyes |
Car Collection
- Prombron Red Diamond - $1.5 Million,
- Bugatti Veyron - $1.7 Million
- Mercedes-Benz SLR - $1 Million,
- Aston martin DBS - $316,000
- Lamborghini Aventador - $417,820
Frequently Asked Questions
Kanye West is Age is 45. He was born on 8th June 1977
2. What is Kanye West’s net Worth?
Kanye West has a Networth of 2 Billion USD.
3. Who is richer, Kanye or Jay Z?
According to Forbes’s list of billionaires, Kanye West is richer than Jay Z.
Conclusion
Kanye West is the richest hip-hop star. His music career opened a door for numerous investment opportunities. Currently, Kanye has a Networth of 2 Billion USD. .
The biggest contributor to his net Worth is his Yeezy fashion line which is estimated to be worth billions. Then his music business comes in second, followed by his real estate.