Kanye West has officially joined the billionaires club.
In a Forbes Magazine article published Friday, it reveals how the rapper recently provided documents to the publication, giving them an “authentic numeric look into Kanye, Inc.” to prove the feat.
After going through the evidence, the publication has confirmed the rapper’s financial status, noting that it was something that West had previously claimed during an appearance at the 2019 Fast Company Innovation Festival.
He’s made it: Kanye West has officially joined the billionaires club, according to a Friday report from Forbes Magazine
“When I did Forbes, I showed them a $890 million receipt and they still didnât say ‘billionaire,'” Kanye told the audience.
Forbes’ Zack O’Malley Greenburg reveals in the article how eager the rapper was for it to be known that he had reached this financial milestone, claiming that West’s team provided the outlet with proof of his earnings.
The publication has valued West’s assets at just over a billion, claiming that he is worth around $1.26 billion, while the rapper had claimed that the figure was around $3 billion.
Credit due: The publication has valued West’s assets at just over a billion, claiming that he is worth around $1.26 billion, while the rapper had claimed that the figure was around $3 billion.
The news comes after West’s sister-in-law Kylie Jenner, 22, was named by Forbes as the youngest ‘self-made’ billionaire for the second year in a row after selling off 51% of her cosmetics brand.
When that annual billionaires list appeared earlier this month, the writer of the article claims that West was not happy with his name being absent.
“You know what youâre doing,” O’Malley Greenburg claims West texted. “You’re toying with me and Iâm not finna lye [sic] down and take it anymore in Jesus name.”
Ouch: When that annual billionaires list appeared earlier this month, which featured Kylie Jenner for a second year in a row, Kanye was reportedly unhappy to be left out
He is then claimed to have texted that Forbes was “purposely a part of a group of media” that was unwilling to give him the credit he was asking for because of his race.
Per the report, West’s team provided statements that showed the rapper has $17 million in cash, $35 million in stocks, $81 million in âbuildings and improvementsâ and $21 million in land.
The article notes that the money in buildings and land come mainly from the homes that she shares with wife Kim Kardashian West, and their children North West, six, Psalm West, four, Saint West, two, and Chicago West, 11 months.
Forbes also delved into Adidas Yeezy, the fashion collaboration between the rapper and the German sportswear brand, which they claim has a revenue worth of around $1.3 billion – making West around $140 million from sales just last year.
Forbes estimate that Westâs Yeezy cut of the $140 million makes his stake worth about $1.4 billion, however, they noted that it’s a ‘private, highly-illiquid $1.4 billion’ pegging it closer to $1.26 billion.
However, the article reveals that West was unhappy with their calculations, stressing that he believes his assets prove that he is worth $3 billion.
“It’s not a billion,” West allegedly texted the publication Thursday night. “It’s $3.3 billion since no one at Forbes knows how to count.”
Share or comment on this article:
Kanye West officially becomes a billionaire according to forbes report
The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline.
Add your comment
By posting your comment you agree to our house rules.
Do you want to automatically post your MailOnline comments to your Facebook Timeline?
Your comment will be posted to MailOnline as usual.
Do you want to automatically post your MailOnline comments to your Facebook Timeline?
Your comment will be posted to MailOnline as usual
We will automatically post your comment and a link to the news story to your Facebook timeline at the same time it is posted on MailOnline. To do this we will link your MailOnline account with your Facebook account. Weâll ask you to confirm this for your first post to Facebook.
You can choose on each post whether you would like it to be posted to Facebook. Your details from Facebook will be used to provide you with tailored content, marketing and ads in line with our Privacy Policy.
This content was originally published here.