Kanye West becomes richest black man in US

Music producer, rapper, and fashion mogul Kanye West is the richest African American in the United States.

Report says that West is officially worth $6.6 billion, making him the richest Black man in America’s history.

Around the same time last year, West became a certified billionaire with the help of his successful apparel and sneaker brand, Yeezy and a new multi-year contract with Gap (NYSE: GPS +1.64%).

The Yeezy brand is valued at $3.2 to $4.7 billion. As for the new Yeezy Gap line which is set to be released later this summer, the new venture is expected to be worth more than $970 million.

Since West remains the sole owner of the Yeezy company, much of his personal net worth is attributed to his recent business decisions and the $1.7 billion that he pockets from additional assets, including his significant investment into his soon-to-be ex-wife’s Skims label. 

NP/Confidence Okwuchi