Kanye West’s current billionaire status is no more, as the superstar’s lucrative deal with German sportswear brand Adidas in collaboration with his self-made, Yeezy, has been forfeited, dropping his almost $2 billion net worth down to $400 million.
Kanye West, now recognized as Ye, has a current net worth of roughly $400 million without his partnership with Adidas, according to recent accounts from Forbes. One of the main reasons for this drop was the big fall in the market value of Yeezy, Kanye’s sneaker and clothing brand, which happened after it lost its deals with Gap and Adidas.
Was Kanye West a Billionaire?
Kanye West, or Ye, had previously been estimated at around $2 billion, proclaiming to be a self-made billionaire. Ye’s Yeezy brand, made up for most of this estimation, as UBS Group’s study in 2021 revealed, that Yeezy alone was worth between $3.2 billion and $4.7 billion. Bank of America had also estimated that future royalties from it deal with Adidas would range from between $1.75 billion to $3 billion, in 2019.
Forbes and the rapper have been at odds for years. He always felt his net worth was underappreciated. After making the list with an approximated $1 billion in 2020, Ye was not pleased. In a text conversation between Ye and Forbes, he questioned the outlet saying, “It’s not a billion. It’s $3.3 billion since no one at Forbes knows how to count”. But as of October 2022, Ye is no more on the coveted billionaire list.
How much is Kanye West’s brand Yeezy worth?
The business was worth between $3.2 billion and $4.7 billion in the year 2021. Future royalties between Yeezy and Adidas were estimated to be in the range of $1.75 billion and $3 billion. It is not known how much Yeezy is worth now, after the termination of the brands’ partnership.
FAQs.
Q. How much is Kanye West current net worth?
A. As of 2022, Kanye West is worth $400 million.
Q. Is Kanye West still married to Kim Kardashian?
A. No. Kanye West and Kim Kardashian ended their married on 2nd March 2022.
Q. What is the average cost of Yeezy’s shoes?
A. They are priced anywhere from $200 to $585. The most common designs cost $220 for adults.
Q. How old is Kanye West?
A. Kanye West was born on 8 June 1977. His current age is 45 years.
