What is Kanye West Net Worth? 
Besides being one of the most famous hip hop artists in the world, what is Kanye West net worth? Well, according to Forbes, his net worth is around $100 million, making him one of the most wealthy rappers in the world. This includes his Yeezy product line and a stake in the shapewear brand Skims. He also owns two ranches in Wyoming.
Owns two ranches in Wyoming
Earlier this year, Kanye West purchased two Wyoming ranches. One of these is Monster Lake, a 9,000-acre property near Cody. The other is Bighorn Mountain, a ranch near Greybull, Wyoming.
The 4,000-acre ranch in Cody has eight lodging units, a horse barn, a commercial kitchen, a go-kart track, and an event center. The property is 52 miles from Yellowstone National Park and has panoramic views of the Rocky Mountains.
The property also features heated helicopter pads. Several upgrades were made to the property, including new water systems and go-kart tracks for adult and child go-karts.
The second ranch is much larger than the first. Kanye has plans to build an amphitheater on the property, as well as dome dwellings. The property has two freshwater lakes, livestock facilities, and an updated lodge with two bathrooms.
Kanye West’s other ranch is located in the Cowboy State, about an hour away from Greybull. It is known for its spectacular views of the Rocky Mountains, as well as its majestic hikes. The property includes log cabins with walk-in saunas.
Kanye’s second Wyoming ranch is now for sale. The property is listed for $11 million. Kanye’s representative did not respond to Business Insider’s request for comment.
Kanye has been a vocal advocate for real estate development in Wyoming. He has owned several properties in the state, including a beachfront marvel in Malibu.
He recently bought a second ranch for $14 million in Cody. The property is about an hour away from the first ranch, and is nearly double the size of the first ranch. He plans to use the second ranch to focus on his upcoming album, Donda.
Owns a stake in shapewear brand Skims
Yeezy designer Kanye West is rumored to own a stake in shapewear brand Skims. This isn’t a huge surprise; the rapper has a major stake in Kim Kardashian’s company. The brand’s products are sold in high-end department stores and online retailers.
Earlier this year, Kanye West sold his 20% stake in the cosmetics brand KKW Beauty to Coty for $200 million. However, he still holds a 5% stake in Skims. He also owns real estate and a music catalogue. He is estimated to have a net worth of $400 million.
Kim Kardashian’s shapewear brand Skims was launched in September 2019. It has expanded into pajamas and dresses, and has become a billion-dollar business. It has sold four million units.
The company has also raised US$154 million in funding from existing investors, as well as Thrive Capital and Alliance Consumer Growth. Its marketing engine is driven by Kim Kardashian’s social media posts and Instagram stories.
The company was valued at $3.2 billion in April 2021. Its sales were down 30 percent in 2020. In 2022, it secured $240 million in fresh funding. The brand’s sales are expected to rise as the economy improves. However, financial problems have not been resolved.
Kim Kardashian will still hold the majority of Skims’ stock. Her remaining share is estimated at $500 million. She still plans to expand the company. The brand has sold more than four million units since its launch. It will continue to expand into children’s wear.
Kim Kardashian was previously estimated to have a net worth of $780 million. The Forbes magazine estimate in 2021 states that she will have a net worth of $1 billion.
Owns Yeezy products
Yeezy is a brand name created by rapper, fashion designer, and entrepreneur Kanye West. His Yeezy line of sneakers has made a splash in the footwear world. They sell for several times the normal retail price on resale websites, and are one of the most sought-after shoes on the market. But do Yeezy products really belong to Kanye West?
Yeezy products are actually owned by Adidas. The two companies had a lucrative, nine-year partnership, which generated $250 million in profits and generated 7 percent of Adidas’s annual revenue. However, West’s anti-Semitic remarks on social media platforms prompted the company to publicly denounce his hate speech.
The deal also included a 15 percent royalty on wholesale Yeezy products. However, Adidas will save $300 million in royalty payments by ending the partnership, and will likely rebrand the line, according to a report by Forbes.
The deal also granted West creative control over the designs. However, the patent he claimed to have invented in order to snag the deal isn’t really a patent. It’s a trademark registration.
It’s unclear how long West will own the Yeezy brand. However, according to Forbes, he does own the brand name. Yeezy Season 1, which was released in October, featured flesh-toned colorways. The first Yeezy line sold for more than $600 for sweatpants, and more than $3000 for jackets.
The Yeezy Slide, a shoe designed by Ye, also won a patent. It was filed in 2020 under Mascotte Holdings Inc., which appears to own about 160 trademark applications.
The Yeezy brand is owned by Kanye West, and his company, Mascotte Holdings, is also the only registered owner of the trademarks. However, it’s unclear if Ye will be able to release the Yeezy Slide or other Yeezy products.
Owns Tidal
Earlier this week, it was reported that Kanye West is threatening to walk away from his exclusive deal with Tidal. This would be the latest in a string of high-profile exits from the streaming service.
According to TMZ, Kanye and Tidal are in dispute over money. According to the report, Kanye claims that he is owed $3 million from Tidal. He also claims that Tidal did not pay him for music videos that were supposed to be released with his album “The Life of Pablo”.
Tidal is reportedly threatening to sue Kanye West if he leaves. Last week, Tidal laid off 15 of its employees and did not respond to a Business Insider request for comment.
In October, Jay Z announced that Tidal has reached a million subscribers. The streaming service has gone through three CEOs in the last year. The service’s self-proclaimed base of users has been alleged to be an intentional misrepresentation.
Meanwhile, Jay-Z has been reportedly benefiting from Square, the investment company that is benefiting Jay-Z. Square has invested $8.91 million into the streaming service, according to TMZ. The investment is helping Jay-Z get a foothold in the streaming business.
Tidal is also reportedly threatening to sue Kanye West if he uses a competing service. Jay-Z has publicly stated that he believes in empowering artists. He has made it a point to show that he is willing to help artists make more money.
In a recent interview, Jack Dorsey, CEO of Twitter, talked about helping small businesses make more money. This is something that Kanye West may be looking to do to avoid having to limit his initial reach.
Owes various companies $100 million
Several of Kanye West’s companies owe him around $100 million, according to Forbes. That’s a hefty amount of cash, and it’s only one quarter of what he earned last year. It’s not hard to believe that Kanye would be able to pay off his debts with ease, but he doesn’t seem to be making it easy on himself.
Kanye’s Yeezy brand of shoes and apparel is worth around $3.2 billion, according to UBS Group AG. He also owns a five percent stake in fashion retailer Skims, and is worth about $3.2 billion on the whole.
The aforementioned claim is not exactly true. The debt is in the form of a low-interest mortgage, secured by a valuable piece of real estate. The Consumer Financial Protection Bureau recommends limiting debt payments to about 43% of his annual income. It’s difficult to estimate exactly how much debt he has, and how much he’s paying off.
The most interesting part of the story is that he could still have $100 million in assets. According to Forbes, he owns a 57-million-dollar mansion in Malibu, Cali. He’s also invested money in fashion and music ventures. It’s possible that Kanye’s real estate assets are worth more than the debt that he owes, but it’s hard to know for sure.
In the past year, Kanye has also been in the news for other flimsy reasons. He’s been sent up for copping marijuana, and he’s made a few ill-advised claims on social media. He has also been criticized for the aforementioned “Duh” and the aforementioned “Messy Muggle,” a satirical look at the tech industry’s inability to keep up with Kanye’s demands.