Kanye West refutes claims by Forbes that he’s worth $1.3bn, and insists he’s worth $3.3bn.
We’ve always known that Music and Fashion icon, Kanye West is extremely successful but now, we get to place actual figures on his worth. The “Famous” hit maker has in the past hinted at just how successful he is but no one has really backed it up until now.
Yesterday, Forbes published a new article stating that the “Yeezy” creator is worth 1.3bn, a statement Ye has come to dispute. We believe his exact words were “no one at Forbes knows how to count“. The rapper revealed that his actual worth is about $3.3bn which Bank Of America attested to when they valued his sneaker business to be worth as much as $3bn last year.
However, Forbes believes Kanye is exaggerating the figures. Standing by their initial estimate they have stuck to the “Trump Rule” which involves “taking whatever the future president insisted he was worth, divide by 3, and start honing from there”
In a quote, they said,
“West’s aggressive $3 billion self-appraisal is clearly based on the idea that the business is infinitely portable. It’s not. Taking Yeezy away from Adidas seems almost prohibitively cumbersome, if not contractually impossible. A safer way to value it: as a royalty stream, like music publishing or film residuals.”