What is Kanye West’s net worth?
Kanye West is a multi-talented American producer, rapper, fashion designer, and entrepreneur whose net worth is currently $500 million. He gained widespread fame with the release of his album The College Dropout in 2004 and has since become one of the most successful and awarded musicians on the planet, with 21 Grammy wins out of 69 nominations.
While music was his initial claim to fame, Kanye has since pivoted towards the business world and earns at least $100 million per year from his various endeavors. The majority of his earnings come from royalties and other earnings related to his Yeezy brand, which he owns outright 100%. During his partnership with Adidas, he earned a royalty on every dollar of revenue generated from the Yeezy brand, which generated $2 billion per year in revenue and $250 million in profit for Adidas.
A UBS valuation in March 2021 estimated that the Yeezy brand adds $3-4 billion to Kanye’s net worth bottom line, and his former deal with The Gap previously added $1 billion to his net worth. As of mid-2021, Kanye’s total assets are valued at $6.7 billion, with liabilities and other considerations at $100 million, resulting in a net worth of $6.6 billion.
Kanye West’s Early Years and Career Beginnings
Kanye Omari West was born on June 8, 1977 in Atlanta, Georgia. He moved to Chicago, Illinois with his mother following his parents’ divorce when he was three. There, he began experimenting with music and received mentoring from producer/DJ No I.D. West initially attended the American Academy of Art on a scholarship, but later dropped out of college at age 20 to pursue his music career.
After leaving college, West began producing beats for local artists and working on his own style. He produced for artists such as Foxy Brown, Deric “D-Dot” Angelettie, and Harlem World during this period. His first official production credits were for the debut album of Chicago rapper Grave, Down to Earth, in 1996.
Kanye West’s Music Career
In 2000, Kanye West began working as a producer for Roc-A-Fella Records, working with artists including Ludacris, Alicia Keys, and Janet Jackson. His work on Jay-Z’s 2001 album The Blueprint generated serious interest in West’s talents as a producer.
Despite his success as a producer, West’s main dream was to be a rapper. In 2001, he managed to convince the head of Capitol Records to sign him to Roc-A-Fella Records after being denied a contract with Capitol Records.
After a serious car crash in October 2002, where he shattered his jaw, West was inspired and recorded the song Through the Wire with his jaw still wired shut. This song laid the foundations for his debut album The College Dropout, which was leaked months before its scheduled release date in August 2003.
His subsequent albums include Graduation (2007), 808s & Heartbreak (2008), My Beautiful Dark Twisted Fantasy (2010), collaboration album with Jay-Z Watch the Throne (2011), Yeezus (2013), The Life of Pablo (2016), Ye (2018), and Jesus is King (2019).
West has continued working as a producer and featuring artist for other musicians, including 6ix9ine, XXXTentacion, Lil Pump, Chance the Rapper, Kid Cudi, and Teyana Taylor. Other music-related projects he has pursued include his weekly “Sunday Service” orchestration with the Sunday Service Choir, where they have performed every Sunday since January 2019. He also collaborated with contemporary artist Vanessa Beecroft on two operas, Nebuchadnezzar and Mary.
Kanye West’s Fashion Ventures
Kanye West has a strong interest in fashion and has collaborated with various brands in designing footwear, including Nike, Louis Vuitton, Bape, and Giuseppe Zanotti. He released two clothing lines at Paris Fashion Week in 2011 and 2012.
In 2013, Adidas announced its shoe collaboration deal with West, and he released the Yeezy Boost 750 sneaker in “Light Brown” in 2015, which sold out within 10 minutes. West also premiered his Yeezy clothing line with Adidas in 2015 and has continued to release new collections, with a long-term contract with Adidas announced in 2016.
On average, West earns a 10% royalty on net revenues from Adidas, and he owns 100% of the Yeezy apparel line outright.
Kanye West’s G.O.O.D Music Label
In 2004, Kanye founded the record label and production company G.O.O.D Music in partnership with Sony BMG. The label’s name is an acronym for “getting out our dreams.” Among the artists signed to the label are Kanye himself, John Legend, Common, Big Sean, Pusha T, Q-Tip, Kacy Hill, and Teyana Taylor.
Kanye West’s Business and Philanthropic Ventures
Kanye West has various business ventures including his record label, GOOD Music, and his fashion line, Yeezy, which has a partnership deal with Adidas. He also owns the rights to the Fatburger fast-food chain in Chicago through his company KW Foods LLC. In 2012, he established DONDA, a creative content company named after his late mother. West is also a co-owner of the music streaming service Tidal with other music artists.
Aside from his business ventures, West also engages in philanthropic work. He founded the Kanye West Foundation which supports education for African American and Latino children. He has also contributed time, talent, and money to organizations such as Hurricane Katrina relief, World Water Day, and Live Earth.
Kanye West’s Real Estate Holdings
Kanye West owns approximately $160 million worth of real estate in the United States, including land, buildings, and homes. His primary residence with Kim Kardashian is an expansive estate in the Los Angeles suburb of Hidden Hills, California. The estate consists of multiple connected parcels, with the first acquired in 2014 for $23 million.
The couple has spent millions of dollars customizing, re-arranging, and expanding the home over the years. They expanded their estate in 2019 with two separate transactions for neighboring properties, creating a conjoined 7.5-acre estate. The current assessed value of their Hidden Hills property is over $60 million.
In September 2021, Kim Kardashian paid Kanye $23 million to officially transfer the property into her name, with $3 million going towards the home’s interior contents. Kanye also spent $57.3 million on a beachfront home in Malibu in the same month.
West’s other real estate assets include $150 million worth of California real estate and $30 million in Wyoming real estate, bringing his total public record real estate holdings to $120 million.
Relationships of Kanye West
Kanye West has had several high-profile relationships throughout his career. He dated designer Alexis Phifer on and off from 2002 to 2008. He then dated model Amber Rose from 2008 to 2010. In April 2012, he began dating reality star Kim Kardashian, and the couple got married in May 2014. Together, they have four children.
Kanye West’s 2019 Net Worth: Calculation and Breakdown
According to our calculations, Kanye West’s net worth in 2019 was $600 million, with a conservative error margin of $20 million. This was determined by subtracting his liabilities and other considerations, which totaled $100 million, from his total assets, which amounted to $720 million.
It’s worth noting that Kanye West’s net worth fluctuates frequently due to his various business ventures and investments. However, in 2019, his primary sources of income were his fashion brand Yeezy, which is estimated to be worth $1.3 billion, as well as his music royalties and touring revenue.
Despite controversy and public scrutiny surrounding his personal life and political views, Kanye West’s net worth continues to grow. As of 2021, his net worth is estimated to be $1.8 billion, making him one of the wealthiest celebrities in the world.