If you are at all familiar with the name Kanye West, you are well aware of his infatuation for being known as a billionaire. As seen in the most recent article on West from Forbes, West takes an enormous amount of pride in being known for his wealth and clout. Dating back to the late 1990s when he was only 13, Kanye West started producing music in Chicago, IL where he moved with his mother when he was 3. His approach to producing music was unique and original, maturing into the samplings of classic soul records sped up into fast-paced rap beats. This style quickly got him signed by Roc-A-Fella Records, where he started producing for multiple up-and-coming artists in the early 2000s. His music production would become popular, as he eventually started to produce tracks for hip hop legend, JAY-Z.
Success in Music
After gaining respect in Chicago as a producer, Kanye West had a desire to be known as a musician. After his collaboration on The Blueprint album with Jay-z, which delivered classic, early 2000s jams such as “Izzo” and “03 Bonnie and Clyde”, Kanye West started the transition from producer to musician. His first album that started to gain major recognition was “The College Dropout”, released in 2004, which is still his best selling record to date. His first album sold over 3.1 million copies, giving him his name not only as a producer but as a musician and rapper. Even with the success of his music career, Kanye West makes the majority of his income with other endeavors.
The beginning of a multifaceted career
Regardless of his contribution to the music industry and his transition from producer to rapper, the majority of Kanye’s money came from his footwear and apparel brand, Yeezy. Even though West has complete ownership over the Yeezy brand, Adidas keeps the majority of sales because of production costs. After that, Kanye makes about 10% off of profits a year, which still comes in as hundreds of millions of dollars with the popularity and continuous evolution of the brand. Adidas started producing Yeezys in 2015, selling each pair for a minimum of $350. This endeavor is Kanye’s largest source of income, making him more money each year than his music career.
West to Kardashian West
Like we heard on 808’s and Heartbreaks, Kanye West had always wanted a family that was not available to him at the beginning of his career. However, after marrying Kim Kardashian, West didn’t only earn himself a family. His marriage to Kim Kardashian had a significant effect on his personal income and assets. From their custom home to their numerous ranches throughout the northwest, Kanye has all of these assets listed in his name, adding millions to Kanye West’s net worth.
How much is he worth, really?
It is not a secret that West filed for bankruptcy in 2016, regardless of his pride and ego-centrism surrounding his wealth. After his infamous request for $1 billion from Mark Zuckerburg, the founder of Facebook, to invest in his ideas, the world quickly began to realize the ridiculous debt Kanye had been facing due to his financial endeavors. Now reported as being worth 1.3 billion by Forbes magazine, Kanye’s worth seems to be constantly fluctuating with his investments and entrepreneurial attempts. In just four years, Kanye got himself back to billionaire status after his serious debt in 2016. So, for now, Kanye West is worth, at minimum, 1.3 billion dollars, even though he will claim he is worth 3.3 billion, to be exact.