After Bloomberg’s Wednesday publication mentioned ‘Yeezy and Yeezy gap’ as having a combined worth of nearly $4.7 billion, several platforms reported in very similar wording, listing the rappers net worth at an estimated $6.6 billion which shot him to the spot of the richest black man in us history ….cites over reliance on “theoretical future expectations”
However, Forbes writer, Madeline Berg, says that these reports are based on the magical thinking around sales that are yet to exist.
Forbes insists that “It’s not true, based on our calculations. Forbes estimates he’s worth less than a third of that, or $1.8 billion. That’s a big jump from last May when Forbes first pegged his net worth to be $1.3 billion, but nowhere near as much as the purported $6.6 billion.”
The article implies that West regularly inflates his value and this is just the latest in a string of them. it also states that the Bloomberg report, cited a UBS report that Forbes also saw, reporting on his business. “The bank made a number of assumptions based on projected future earnings, particularly for Yeezy Gap, which hasn’t even launched yet. Bank documents like this are well-known for painting best-possible-scenario future valuations.”
This article comes after a now deleted article by Forbes itself celebrating Kanye’s recognition.
In actuality, the rapper has not done bad for himself. In a break down of his assets, Yeezy the crown jewel of his fortune is worth $1.5 billion, His Cash and other assets: $160 million, Music catalogue: $90 million, Skims: $64 million, Yeezy x Gap: $0 currently not in market but with a value of $1.5 billion
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