{"id":57267,"date":"2020-04-26T05:33:28","date_gmt":"2020-04-26T01:03:28","guid":{"rendered":"http:\/\/nasimword.ir\/?p=57267"},"modified":"2020-04-26T05:33:28","modified_gmt":"2020-04-26T01:03:28","slug":"kanye-west-claims-he-is-worth-more-than-3-billion-but-forbes-estimate-is-much-lower","status":"publish","type":"post","link":"https:\/\/nasimword.ir\/?p=57267&lang=en","title":{"rendered":"Kanye West Claims He Is Worth More than $3 Billion, but Forbes’ Estimate Is Much Lower"},"content":{"rendered":"

Kanye West<\/a>\u00a0is now a billionaire, according to\u00a0Forbes<\/em>.<\/p>\n

The rapper is claiming that his net worth is more than $3 billion \u2014 which would make him wealthier than other famous billionaires, such as\u00a0Oprah Winfrey<\/a>, whose net worth is estimated at\u00a0$2.6 billion<\/a>.<\/p>\n

While West has achieved the 10-digit milestone in his wealth,\u00a0Forbes<\/em>\u00a0is reporting that his net worth is much lower than the rapper claims.<\/p>\n

Between West’s many assets \u2014 including Yeezy, his music label and real estate \u2014 and his debt,\u00a0Forbes<\/em>\u00a0estimates the 42-year-old rapper is worth $1.3 billion, according to a\u00a0report<\/a>\u00a0Friday.<\/p>\n

Despite the business magazine’s analysis, West maintains that his net worth is higher, and reportedly texted\u00a0Forbes<\/em>, “It\u2019s not a billion. It\u2019s $3.3 billion since no one at\u00a0Forbes<\/em>\u00a0knows how to count.”<\/p>\n

“We tend to look at self-appraisals somewhat skeptically,” the\u00a0Forbes<\/em>\u00a0report said. “Aside from the music, half of all this presumably belongs to\u00a0his wife<\/a>, though she\u2019s no slouch and that math goes two ways.”<\/p>\n

\"\"<\/p>\n

“Given the illiquidity of these myriad assets and the lack of independent backup, we\u2019re giving all of this a 50% haircut: That\u2019s about $125 million in assets, outside of his Yeezy crown jewel. Then, there\u2019s debt: between mortgages, advances and other liabilities, we saw about $100 million that West is on the hook for.”<\/p>\n

The\u00a0Forbes<\/em>\u00a0report then estimated West’s $1.3 billion net worth, before noting that it’s $300 million more than\u00a0Kylie Jenner’s net worth<\/a>.<\/p>\n

Bloomberg<\/em>\u00a0reported<\/a>\u00a0Friday that Yeezy is West’s largest asset “by far,” and\u00a0a document reviewed by the outlet showed that “Bank of America Corp. valued the sneaker side of the business alone at as much as\u00a0$3 billion last year.”<\/p>\n

David Choi, West’s accountant, provided\u00a0Bloomberg<\/em>\u00a0with “an unaudited balance sheet that pegs the rapper\u2019s net worth at\u00a0$3.15 billion\u00a0and lists more than\u00a0$200 million of other assets.”<\/p>\n

However,\u00a0Forbes\u00a0<\/em>pointed out that “West\u2019s aggressive $3 billion self-appraisal is clearly based on the idea that the business is infinitely portable. It\u2019s not. Taking Yeezy away from Adidas seems almost prohibitively cumbersome, if not contractually impossible. A safer way to value it: as a royalty stream, like music publishing or film residuals.”<\/p>\n

The outlet estimated that West receives about a 11 percent royalty of Yeezy revenue from Adidas, which produces and distributes the trendy sneakers.<\/p>\n

Bloomberg<\/em>\u00a0called the relationship between Adidas and Yeezy \u2014 which expires in 2026 \u2014 “more of a profit-sharing agreement than a typical licensing deal.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Kanye West\u00a0is now a billionaire, according to\u00a0Forbes. The rapper is claiming that his net worth is more than $3 billion \u2014 which would make him wealthier than other famous billionaires, such as\u00a0Oprah Winfrey, whose net worth is estimated at\u00a0$2.6 billion. While West has achieved the 10-digit milestone in his wealth,\u00a0Forbes\u00a0is reporting that his net worth …<\/p>\n","protected":false},"author":31,"featured_media":57269,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11185,59037],"tags":[],"yoast_head":"\nKanye West Claims He Is Worth More than $3 Billion, but Forbes' Estimate Is Much Lower - Nasim Word<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nasimword.ir\/?p=57267&lang=en\" \/>\n<meta property=\"og:locale\" content=\"fa_IR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kanye West Claims He Is Worth More than $3 Billion, but Forbes' Estimate Is Much Lower - Nasim Word\" \/>\n<meta property=\"og:description\" content=\"Kanye West\u00a0is now a billionaire, according to\u00a0Forbes. 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