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No, Kanye West Is Not The Richest Black Person In America | Forbes - Kanye West Net Worth 2020 Forbes

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On Wednesday, multiple outlets reported that Kanye West is the richest Black person in America, worth as much as $6.6 billion. The news comes after Bloomberg reported that his sneaker brand, Yeezy—as well as Yeezy Gap, which has yet to sell one stitch of clothing—have a combined value of as much as $4.7 billion. The publication mentioned, without going into full detail, an additional $1.7 billion in assets. It's not true, based on our calculations. Forbes estimates he's worth less than a third of that, or $1.8 billion. That's a big jump from last May when Forbes first pegged his net worth to be $1.3 billion, but nowhere near as much as the purported $6.6 billion. Vista Equity's Robert F. Smith remains the richest Black person in the U.S., worth an estimated $6 billion, while Aliko Dangote of Nigeria, worth $11.8 billion, is the richest Black person in the world. The sky-high estimate is the latest of West's attempts to inflate his net worth—in the past he's said that Forbes was "purposely snubbing me." In actuality, it's nothing personal. The Bloomberg story cites a UBS report on his businesses—the same document Forbes saw earlier this month. The bank made a number of assumptions based on projected future earnings, particularly for Yeezy Gap, which hasn't even launched yet. Bank documents like this are well-known for painting best-possible-scenario future valuations. Forbes' much more grounded number is based on that old-fashioned idea of current revenues—not theoretical future expectations. Yeezy Gap has brought in no revenue, let alone any profits. Who knows if the line will be popular? Maybe another hip-hop star will create the next trendy sneaker in a year or two, and Yeezys will be old news. The same thinking goes for Yeezy Supply, West's e-commerce platform. He has high hopes to turn it into a fashion destination—as of now, it just shills his shoes. Read the full profile on Forbes: - Subscribe to FORBES: - Stay Connected Forbes newsletters: - Forbes on Facebook: - Forbes Video on Twitter: - Forbes Video on Instagram: - More From Forbes: - Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

Kanye West's Net Worth Is Now $6.6B, Kanye West is rolling in some serious dough! The 43-year-old rapper is now worth $6.6 billion, according to Bloomberg. Kanye's . We Have got 13 picture about Kanye West Net Worth 2020 Forbes images, photos, pictures, backgrounds, and more. In such page, we additionally have number of images out there. Such as png, jpg, animated gifs, pic art, symbol, blackandwhite, picture, etc.

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How Kanye West Became A Billionaire | Forbes

, When we featured West on the cover of Forbes last summer, delving into his incredible success with Yeezy, he seemed pleased at .

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Forbes Disputes Kanye West's $6.6 Billion USD Net Worth, American business magazine Forbes has come out to deny the claims put out by Bloomberg that rapper Kanye West is worth $6.6 . If you find this site serviceableness, please support us by sharing this posts to your preference social media accounts like Facebook, Instagram and so on or you can also Get this blog page with the title Kanye West Net Worth 2020 Forbes by using Ctrl + D for devices a laptop with a Windows operating system or Command + D for laptops with an Apple operating system. If you use a smartphone, you can also use the drawer menu of the browser you are using. Whether it's a Windows, Mac, iOS or Android operating system, you will still be able to bookmark this page.

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