Kanye West ‘believes Forbes is underestimating his $7B net worth’ after magazine values him at $2B on their Billionaires List
Kanye West reportedly believes Forbes is undervaluing his $7 billion net worth after making the magazine’s Billionaires List valued at $2B.
The magazine has listed West’s real time net worth at $2 billion on their star-studded list, but insiders have told The Blast West is actually worth $7 billion.
West is one of several celebrities to have made the Billionaires List. He follows Oprah Winfrey, who is valued at $2.6 billion, while his ex-wife Kim Kardashian trails him at $1.8 billion, according to ET Canada.
Not seeing eye to eye: Kanye West reportedly believes Forbes is undervaluing his $7 billion net worth after making the magazine’s Billionaires list ranked at $2B
West has several deals in place, but the magazine’s criteria for determining someone’s wealth does not take into account the ‘enterprise value of long-term deals that are in place,’ according to The Blast.
Net worth is determined in part on ‘revenue from last year only.’
The Blast claims West’s team was told about the article in advance and are not pleased by the way his value has been inputted in the story.
On top of his wildly successful music career, West has a multi-year deal with Adidas with his wildly successful Yeezy range, in addition to a major one with Gap which sees him produce and design apparel for the company, according to The Blast.
Forbes star: This is not the first time West has appeared on the pages of Forbes, even garnering a cover in 2019
The Yeezy Gap clothing collaboration garnered $1 billion in sales in its first year and now a new range, Yeezy Gap Engineered by Balenciaga, will be released later this year.
Kanye also owns a small stake in his ex-wife Kim Kardashian’s shapewear brand Skims, according to The Blast.
According to The Blast, West thinks the publication is trying to ‘control and diminish him even at the cost of their own integrity.’
Not happy: The magazine has listed West’s real time net worth at $2 billion on their highly-anticipated list, but insiders have told The Blast West is actually worth $7 billion
This is not the first time Kanye has expressed his displeasure with Forbes.
West allegedly sent the magazine a text message criticizing their evaluation of his net worth after the publication bestowed him with the billionaire title in 2020.
The article revealed how the rapper provided documents to the publication, giving them an ‘authentic numeric look into Kanye, Inc.’ to prove the feat.
However, the article notes that West was left unhappy with their research and findings – stating that he believes his net worth to be around $3.3 billion, rather than the $1.26 billion they have estimated.
‘It’s not a billion,’ West allegedly texted the publication. ‘It’s $3.3 billion since no one at Forbes knows how to count.’
Kanye also owns a small stake in his ex-wife Kim Kardashian’s shapewear brand Skims
Source: Read Full Article
