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Kanye West becomes world’s richest black man

POPULAR musician and serial entrepreneur Kanye West has been named the richest Black man in American history, with a net worth of $6.6 billion.

His net worth is led by his Yeezy line, which is currently in collaboration with Adidas AG and Gap Inc, with the group priced between $3.2 billion and $4.7 billion.

According to Bloomberg, the new Yeezy x Gap partnership, which is expected to hit shops this summer, “could be worth as much as $970 million of that total,” with additional profits coming from his music catalog, currency, stocks, and business interests such as estranged wife Kim Kardashian’s SKIMS underwear brand.

In addition to $1.7 billion in other investments, ‘Ye has $110 million from his music library and $122 million in cash.

 West currently has exclusive ownership and artistic control of the Yeezy brand, according to Bloomberg, despite previously signing a 10-year deal to produce and distribute apparel under the Yeezy Gap label last year.

Bloomberg estimated, citing a paper acquired by their outlet, that the current Gap line is predicted to “break $150 million in sales in its first full year in 2022.”

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