Kanye West‘s Yeezy-Gap collection deal nearly $1billion has been set at $970million (£697million) making him the richest black man in America. The rapper’s net worth up to an estimated $6.6 billion (£4.7billion).
The rapper won his 22nd Grammy award earlier this week (March 14), tying Jay-Z for the most awards for a hip-hop artist. West won Best Contemporary Christian Music Album for 2019’s ‘Jesus Is King’.
West’s collaboration between Yeezy and Gap, which is expected to arrive in shops later this year, looks to be a venture boost for the artist who last year was revealed to sit only behind Jay-Z as the world’s richest rapper.
Bloomberg has obtained a document that shows Yeezy, West’s trainer and apparel business with Adidas and Gap, is worth nearly $1billion (£715.8million). Estimations from UBS Group add – per Bloomberg‘s report – that “Ye also has $122million in cash and stock, $110million for his music catalog, and $1.7billion in other assets including Kim Kardashian’s SKIMS brand”.
Last April the rapper disputed Forbes’ aforementioned confirmation that he was worth $1billion, instead insisting that his net worth was actually $3.3billion (£2.6billion).