Kanye West not America’s Richest Black Person – Forbes

Forbes On Thursday debunked the news that Kanye West is the richest Black person in America, worth as much as $6.6 billion. The news came after Bloomberg reported that his sneaker brand, Yeezy—as well as Yeezy Gap, have a combined value of as much as  $4.7 billion. The publication mentioned, without going into full detail, an additional $1.7 billion in assets.

” 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.” Forbes stated.

 “Vista Equity’s Robert F. Smith remains the richest Black person in the U.S., worth an estimated $6 billion, while Aliko Dangote of Nigeria, worth $11.8 billion, is the richest Black person in the world.” they added.

“Yeezy Gap has brought in no revenue, let alone any profits. As for Yeezy sneakers, they’re selling crazy well. The company’s revenue grew 30% last year. and its most recent limited drop, the 450 in Cloud White, sold out in under a minute. Analysts who we spoke with agree there’s growth left in the business, and if that occurs, his net worth will continue to climb. But even that’s not 100% certain, so for now, we are sticking with 2020’s numbers.”

Kanye Omari West, 43 is an American rapper, record producer, fashion designer and politician. He is influential in mainstream Hip hop and Pop music in general.