Kanye West has billions worth of assets to protect in his divorce.
The 43-year-old rapper is worth $ 6.6 billion largely because of his tennis and clothing brand Yeezy, valued between $ 3.2 billion and $ 4.7 billion by UBS Group AG.
He is facing the divorce of his wife Kim Kardashian. But the couple reportedly signed a prenuptial agreement and neither party disputed the terms of the document.
Billionaire: Kanye West is worth $ 6.6 billion largely because of his tennis and clothing brand Yeezy, valued between $ 3.2 billion and $ 4.7 billion by UBS Group AG. Seen in July 2020
Divorce: The 43-year-old rapper is facing divorce from wife Kim Kardashian, but the couple reportedly signed a prenuptial agreement and neither party is contesting the terms of the document; seen in May 2019
People confirmed the new figure, which is a significant increase from the $ 1.3 billion that Forbes reported West was worth in April 2020.
The higher number has a lot to do with your clothing brand now in partnership with Adidas AG and Gap Inc.
The value of the new Gap collaboration could reach $ 970 million, according to Bloomberg.
He has full solo ownership and creative control of the Yeezy brand and signed a 10-year contract to create and sell clothing under the Yeezy Gap brand in 2020.
Massive increase: the new figure is a significant increase from the $ 1.3 billion that Forbes reported West was worth in April 2020. The higher figure has a lot to do with its clothing brand now in partnership with Adidas AG and Gap Inc
Sold out: Yeezy’s latest shoe, the 450 on Cloud White, sold out online earlier this month in less than a minute
Bloomberg also pointed out that the Gap line is expected to break $ 150 million in sales in its first full year in 2022.
The first products of this lucrative collaboration are expected to hit stores this summer.
It will include handicrafts for men, women and children. The collection will not feature footwear because Yeezy’s lucrative partnership with Adidas runs until 2026.
Yeezy’s latest shoe, the 450 on Cloud White, sold out online earlier this month in less than a minute.
Musical success: Kanye also has $ 122 million in cash and shares and $ 110 million in his music catalog. In addition, Enforcer Stronger has $ 1.7 billion in other assets, including Kim’s SKIMS shapewear business; seen in 2011
Irreconcilable difference: the 40-year-old reality show star filed for divorce in mid-February, citing ‘irreconcilable differences’ after almost seven years of marriage and seeking joint custody of her four children
Kanye also has $ 122 million in cash and shares and $ 110 million in his music catalog.
In addition, Enforcer Stronger has $ 1.7 billion in other assets, including Kim’s SKIMS shapewear business.
After reporting his lowest number last year, the Grammy winner was quick to challenge Forbes ‘figures on his net worth through a text message to the publication:’ It’s not a billion. That’s $ 3.3 billion, since no one at Forbes knows how to count. ‘
Kim, 40, filed for divorce in mid-February, citing ‘irreconcilable differences’ after nearly seven years of marriage.
Dispute: After reporting the lowest number last year, the Grammy winner was quick to challenge Forbes ‘numbers for his net worth through a text message to the publication:’ It’s not a billion. It’s $ 3.3 billion, since no one at Forbes knows how to count ‘; seen in October 2020
She is seeking joint custody of her four children, and things have gotten stranger between the two in the weeks since the paperwork was filed.
Kanye will now only communicate with his ex through security guards, insiders at Page Six said.
‘Even before Kim filed for divorce, Kanye changed his number and said,’ You can contact me through my security guard. ‘ Despite this, she trusts him close to the children. He loves them and is seeing a lot of them, ‘they told the outlet.
The Doing Up With The Kardashians star talked to “her financial advisers to find out what would be best for her entire family” before the divorce, a source told US Weekly in January.
“Kim had all of her and Kanye’s finances and properties ready to be divided, it’s a very fair deal for everyone,” they added.