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Music producer-composer Kanye West is the richest Black person in the United States, according to a report in Bloomberg.
The 43-year-old's net worth is close to $6.6 billion, thanks to his sneaker and apparel business, Yeezy. The report suggests that his brand's tie-up with Adidas and GAP is estimated to be between $3.2 and 4.7 billion. His new tie-up with GAP, which will hit stores this summer in the US is estimated to be worth $970 million.
An unaudited balance sheet of West's finances provided by his lawyer to Bloomberg includes another $122 million in cash and stocks, and more than $$1.7 billion in other assets including a significant investment in Skims, Kim Kardashian's underwear label.
The report also noted that West's entire music catalogue is worth $110.5 million, according to a 2020 valuation.
West and his wife, reality star Kim Kardashian, recently filed for divorce after being married for seven years.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Thu, March 18 2021. 17:56 IST