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 because of his Yeezy sneaker and apparel brand, which is valued between $3.2 billion and $4.7 billion by UBS Group AG.
He is currently facing 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 because of his Yeezy sneaker and apparel 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 wife Kim Kardashian, but the couple reportedly signed a prenuptial agreement 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 Forbes reported that West was worth back in April 2020.
The higher number has a lot to do with his apparel brand now being in partnership with Adidas AG and Gap Inc.
The value of the new Gap collaboration could be worth as much as $970 million according to Bloomberg.
He has full solo ownership and creative control of the Yeezy brand and signed a 10-year agreement to design and sell clothes under the Yeezy Gap label in 2020.
Massive increase: The new number is a significant increase from the $1.3 billion Forbes reported that West was worth back in April 2020. The higher number has a lot to do with his apparel brand now being in partnership with Adidas AG and Gap Inc
Sold out: The latest shoe released from Yeezy, the 450 in Cloud White, sold out online earlier this month in less than one minute
Bloomberg also pointed out that the Gap line is expected to break $150 million in sales in its first full year in 2022.
The first products from that lucrative collaboration are set to hit stores this summer.
It will include craft items for men, women and kids. The collection will not feature footwear because Yeezy’s profitable partnership with Adidas runs through 2026.
The latest shoe released from Yeezy, the 450 in Cloud White, sold out online earlier this month in less than one minute.
Music success: Kanye also has $122 million in cash and stock and $110 million from his music catalog. In addition, the Stronger performer has $1.7 billion in other assets including Kim’s SKIMS shapewear 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 their four children
Kanye also has $122 million in cash and stock and $110 million from his music catalog.
In addition, the Stronger performer has $1.7 billion in other assets including Kim’s SKIMS shapewear business.
After reporting their lower number last year, the Grammy winner was reportedly quick to dispute Forbes’ figure for his net worth through a text message to the publication: ‘It’s not a billion. It’s $3.3 billion since no one at Forbes knows how to count.’
The 40-year-old Kim filed for divorce in mid-February, citing ‘irreconcilable differences,’ after nearly seven years of marriage.
Dispute: After reporting their lower number last year, the Grammy winner was reportedly quick to dispute Forbes’ figure for his net worth through a 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 their four children, and things have become increasingly awkward between the two in the weeks since the paperwork was filed.
Kanye will now only communicate with his ex via 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 around the kids. 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 advisors to figure out what would be best for her whole family’ ahead of the divorce, a source told US Weekly in January.
‘Kim has had all of her and Kanye’s financials and properties ready to be split, it’s a very fair deal for everyone,’ they added.
