Kanye West is one of the most successful hip-hop artists in the world. He has managed to amass a fortune through his music and other business ventures, with a net worth of $2.6 billion according to Forbes (2022), although other estimates put his net worth as high as $7 billion. Here we will take a closer look at how Kanye West made his money and what makes him so successful.
Kanye West was born on June 8, 1977 in Atlanta, Georgia. His parents divorced when he was three years old and he was raised by his mother, Donda West. He grew up in a middle-class neighborhood and attended Pam Am Academy, where he graduated with honors. After high school, West attended art school but dropped out to pursue a career in music.
Kanye West started out his career as a producer for Roc-A-Fella Records, where he worked on hit albums such as Jay-Z’s The Blueprint. He then went on to release his own successful solo albums, including The College Dropout and Late Registration. These albums have sold millions of copies and have earned Kanye multiple Grammy Awards.
In addition to his musical success, Kanye West has also made a name for himself in the fashion industry. He has launched his own clothing line, Yeezy, which is highly sought after by fashionistas around the world. His company, Yeezy Brand, is worth an estimated $1.3 billion.
Kanye West married reality TV star Kim Kardashian in 2014, ending their relationship in 2021 and officially divorcing in 2022. They have four children together.
West has been open about his mental health struggles in recent years. In 2016, he was hospitalized for “temporary psychosis due to sleep deprivation and exhaustion.”
In recent years, Kanye West has been outspoken about his Christian faith and has released several gospel albums.
Kanye is known for his love of luxury cars and has an impressive collection that includes a Lamborghini, a Rolls-Royce, and a Maybach. He also owns numerous properties including a mansion in Los Angeles.
For their wedding, Kanye bought a 20-carat diamond engagement ring for Kim Kardashian, worth an estimated $4.5 million – which has set a record as one of the most expensive celebrity engagement rings ever.
While Kanye West is certainly not shy about spending money on himself and his family, he also donates large sums of money to charitable causes. In 2015, he donated $1 million to the National Association for the Advancement of Colored People (NAACP).
In 2020, Kanye West announced that he was starting a foundation called Yeezy’s Kids Supply, which will provide clothing and school supplies to children in need.
Kanye West has been involved in a number of controversies throughout his career. In 2009, he interrupted Taylor Swift’s acceptance speech at the MTV Video Music Awards to declare that Beyoncé should have won the award instead. He was widely criticized for the incident.
In 2013, West announced that he was changing his name to “Yeezus” as a reference to Jesus Christ. This announcement was met with mixed reactions from the public.
In 2016, West caused controversy when he declared that slavery was “a choice” during an interview with TMZ. He later apologized for the comments.
What Makes Kanye West So Successful?
There are a number of factors that contribute to his success. First, Kanye is very talented and has produced some of the most popular music of the past decade. West is known for his innovative and experimental approach to music and has been praised for his work on albums like My Beautiful Dark Twisted Fantasy and Yeezus. Second, he is a brilliant marketer and has been able to parlay his music career into other successful business ventures. Finally, Kanye is always striving for more and is constantly looking for new ways to push the envelope and stay relevant in the ever-changing entertainment industry. West has shown that he is a force to be reckoned with, both in the music industry and in the business world.
Net Worth Dispute with Forbes
Kanye has disputed the Forbes estimate of his net worth at $2.6bn. He argues his net worth is closer to $7bn. An insider close to Kanye stated that Forbes has failed to include the ‘enterprise value of long-term deals that are in place’. Kanye previously feuded with Forbes in 2020 over their valuation of his net worth, which they put at a billion, upon which Kanye publicly texted the company: ‘It’s not a billion. It’s $3.3 billion since no one at Forbes knows how to count.’