Kanye West is now hip-hop’s second billionaire, according to Forbes
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nme.comWith an estimated net worth of $1.3billion After reviewing his finances upon request, Forbes says Kanye West is now officially a billionaire.
A new report from the American business magazine valued the rapper and fashion mogul at $1.3billion. The bulk of that wealth comes from West’s stake in his Yeezy sneaker line, which Forbes said was worth $US1.26 billion.
The news makes West hip-hop’s second billionaire after Jay-Z. West’s music made up a relatively small portion of that wealth, despite being one of the highest selling artists of the last 20 years.
His label GOOD Music, and the rights to his discography were valued at at least $90 million by Forbes. Much of the rest of West’s financial worth resided in assets — $81 million in property
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