Days after Bloomberg estimated Kanye West’s net worth to be $6.6 billion — Forbes is disputing the net worth amount.
Bloomberg cited Kanye’s deal with GAP as the reason for his inflated wealth. They called him the richest Black man in America.
But Forbes says the richest Black man in America is still Robert F. Smith, who is worth $6 billion — and that Kanye is worth just $1.8 billion.
“West’s wildly optimistic approach to his net worth mirrors the approach used by Donald Trump, who insists the value of his name be included in any net-worth estimate. Trump, whom we value at $2.5 billion, says his brand has an intrinsic value, regardless of actual revenue. West and his camp are making a similar argument for businesses attached to the Yeezy name,” the publication writes.
KANYE WEST TALKS CREATIVITY
Forbes says Ye’s Yeezy empire is worth $150 million, his music catalogue is worth $90 million, Skims, which he owns with Kim Kardashian is worth $64 million. Forbes says it is not giving Ye’s deal with GAP any value until stocks sell.
They agree that Aliko Dangote of Nigeria, worth $11.8 billion, is the richest Black person in the world.