Angela Weiss / AFP
American rapper and entrepreneur, Kanye West has reportedly notched up his net worth to $6.6 billion in less than a year, which is largely due to his Yeezy fashion brand.
This comes barely after a year when Forbes released a document that the rapper’s net worth was close to $1.3 billion after taking into account Kanye’s debt, assets, and expenses.
“It’s $3.3 billion since no one at Forbes knows how to count.” was his witty remark to the publication in a Twitter post.
According to Bloomberg, the 43-year-old rapper’s sneaker and clothing line which is supported by Adidas AG and Gap Inc. is said to be valued between $3.2 billion and $4.7 billion by UBS Group AG, according to media sources.
The new figures signal that Gap expects its Yeezy line, which it plans to launch by July, to break $150 million in sales in its first full year in 2022, according to the document.
Gap envisions it becoming a billion-dollar revenue brand within eight years, with an upside case of sales exceeding $1 billion as soon as 2023, the document shows.