Kanye West has assets to protect in his divorce that are worth billions.
The 43-year-old rapper is reportedly worth $ 6.6 billion in large part due to his Yeezy shoe and clothing brand, which is valued between $ 3.2 billion and $ 4.7 billion by UBS Group AG.
He is currently facing the divorcing wife, Kim Kardashian. But the couple reportedly signed a prenuptial agreement and neither party is contesting the terms of the document.
Billionaire: Kanye West is reportedly worth $ 6.6 billion in large part due to his Yeezy shoe and clothing brand, which is valued between $ 3.2 billion and $ 4.7 billion by UBS Group AG. Seen in July 2020
Divorce: The 43-year-old rapper is currently facing a divorce from his wife Kim Kardashian, but the couple reportedly signed a prenup and neither party is contesting the terms of the document; seen in May 2019
People confirmed the new number, which is a significant increase from the $ 1.3 billion that Forbes reported West was worth in April 2020.
The highest number has a lot to do with his clothing brand which is now associated with Adidas AG and Gap Inc.
The value of Gap’s new collaboration could be worth up to $ 970 million according to Bloomberg.
He has sole sole ownership and creative control of the Yeezy brand and signed a 10-year deal to design and sell clothing under the Yeezy Gap label in 2020.
Massive increase: The new number is a significant increase from the $ 1.3 billion that Forbes reported West was worth in April 2020. The higher number has a lot to do with its clothing brand which is now associated with Adidas AG and Gap Inc .
Sold Out: The latest shoe released by Yeezy, the 450 in Cloud White, sold out online earlier this month in less than a minute
Bloomberg also noted that the Gap line is expected to exceed $ 150 million in sales in its first full year in 2022.
The first products from that lucrative collaboration will hit stores this summer.
It will include craft items for men, women and children. The collection will not include footwear because Yeezy’s profitable partnership with Adidas runs through 2026.
The latest shoe released by Yeezy, the 450 in Cloud White, sold out online earlier this month in less than a minute.
Musical Success: Kanye also has $ 122 million in cash and stock and $ 110 million from his music catalog. Additionally, artist Stronger has $ 1.7 billion in other assets, including Kim’s SKIMS modeling business; seen in 2011
Irreconcilable Difference: The 40-year-old reality star filed for divorce in mid-February, citing ‘irreconcilable differences’ after nearly seven years of marriage and seeking joint custody of her four children.
Kanye also has $ 122 million in cash and stock and $ 110 million from his music catalog.
Additionally, artist Stronger has $ 1.7 billion in other assets, including Kim’s SKIMS modeling business.
After reporting his lowest number last year, the Grammy winner was quick to dispute Forbes’ net worth figure via text message to the publication: ‘It’s not a billion.’ It’s $ 3.3 billion since no one at Forbes knows how to count. ‘
Kim, 40, filed for divorce in mid-February, citing “irreconcilable differences” after nearly seven years of marriage.
Dispute: After reporting his lowest number last year, the Grammy winner was quick to dispute Forbes’s figure for his net worth via text message to the publication: ‘It’s not a billion. It’s $ 3.3 billion since no one at Forbes knows how to count ”; seen in october 2020
She is seeking joint custody of her four children, and things have gotten increasingly awkward between the two in the weeks since the paperwork was filed.
Kanye will now only communicate with his ex through security guards, insiders told Page Six.
Even before Kim filed for divorce, Kanye changed his numbers and said, “You can contact me through my security.” Despite this, she trusts him with children. He loves them and is seeing a lot of them, ‘they told the outlet.
The Keeping Up With The Kardashians star had conversations with “her financial advisers to find out what would be best for her entire family” before the divorce, a source told US Weekly in January.
“ Kim has had all of her and Kanye’s property and finances ready to split, it’s a very fair deal for everyone, ” they added.