Kanye West Net Worth $400 Million, How Does Kanye Make His Money In 2023
Net Worth:$400 Million
Birthdate:Jun 8, 1977 (47 years old)Birthplace:Atlanta
Gender:Male
Height:5 ft 8 in (1.73 m)Profession:Record producer, Songwriter, Singer, Actor, Film Producer, Rapper, Businessperson, Screenwriter, Fashion designer, Music clip Director
Nationality:United States of America
What is Kanye West"s net worth?
Kanye West is an American producer, rapper, fashion designer, & entrepreneur who has a net worth of $400 million. When Kanye was a multi-billionaire, he was one of the three richest self-made đen people in US history. Kanye gained widespread fame upon the release of his 2004 album The College Dropout. Today, he is one of the most successful và awarded musicians on the planet with 24 Grammy wins out of 75 nominations. In recent years he has pivoted away from music towards the business world, earning at least $100 million per year from his various endeavors. The vast majority of his earnings have come from royalties and other earnings related to his Yeezy brand and Adidas partnership. But his outspoken views & controversy have cost him many sponsors and partnerships over the last few years.
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Kanye owns the Yeezy apparel line outright 100%. During his time partnering with Adidas, he earned a royalty on every dollar of revenue generated. The Yeezy brand generated $2 billion per year in revenue and $250 million in profit for Adidas. At the peak of his partnership with Adidas, the Yeezy brand was estimated to be worth $4 – $5 billion on its own.
In March 2021, a UBS valuation estimated that Yeezy would add $3-4 billion to Kanye"s net worth bottom line. The same report estimated Kanye"s former giảm giá with The Gap previously added $1 billion to lớn West"s net worth.
Key Facts
Is the richest black person in US history
Has sold 160 million albums/singles in his career
Owns $100 million worth of real estate
Music catalog is worth $110 million
Owns 100% of Yeezy
Earns $150-$200 million in Yeezy royalties every year
Yeezy's enterprise value added $3-5 billion khổng lồ Kanye's net worth
Had a partnership with The Gap worth $1 billion
When assessing Kanye West"s net worth in mid-2021, we included the following assets & liabilities:
Assets:
Real estate assets = $120 million Music catalogue including G.O.O.D Music = $80 million Yeezy.com website = $100 million Value of Yeezy brand = $5 billion Value of Gap partnership = $1 billion Cash, equities & other assets = $400 millionTotal assets = $6.7 billion
Liabilities và other considerations = $100 million
Net Worth = $6.6 billion
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Early Life and Career Beginnings
Kanye Omari West was born on June 8, 1977, in Atlanta, Georgia. Following his parents" divorce when he was three, West moved with his mother to lớn Chicago, Illinois. There, he began experimenting with music after meeting producer/DJ No I.D., who mentored him. He received a scholarship to lớn attend the American Academy of Art in 1997 but transferred to lớn Chicago State University khổng lồ study English. Eventually, he dropped out of school at age trăng tròn to pursue his music career.
After dropping out of college, West began making beats for local artists while he honed his own style. His first official production credits were for the debut album of Chicago rapper Grave, Down to Earth, in 1996. Other artists he produced for during this period include Foxy Brown, Deric "D-Dot" Angelettie, and Harlem World.
Rise to Fame and Music Career
In 2000, West got his big break when he began khổng lồ work as a producer for Roc-A-Fella Records, working with artists including Ludacris, Alicia Keys, và Janet Jackson. His work on Jay-Z"s 2001 album The Blueprint generated serious interest in West"s talents as a producer. His production credits from this time period include an impressive roll call of talent, including Jay-Z, Beyoncé, John Legend, Alicia Keys, và Janet Jackson.
Despite his success as a producer, West"s main dream was khổng lồ be a rapper. In 2001, he managed to convince the head of Capitol Records khổng lồ sign him khổng lồ Roc-A-Fella Records after being denied a contract with Capitol Records.
After a serious oto crash in October 2002, where he shattered his jaw, West was inspired & recorded the tuy nhiên 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. West used the time to remix, remaster, and edit it, postponing its release three times. The College Dropout was eventually released in February 2004 khổng lồ widespread critical acclaim, earning him 10 Grammy Award nominations & eventually certified triple platinum in the US.
As he began working on his second album, West invested two million dollars into the production, even hiring a live string orchestra. Late Registration was released in August 2005, selling over 2.3 million units in the United States by the over of the year. His subsequent albums include Graduation (2007), 808s và Heartbreak (2008), My Beautiful Dark Twisted Fantasy (2010), a collaboration album with Jay-Z Watch the Throne (2011), Yeezus (2013), The Life of Pablo (2016), Ye (2018), a collaboration album with Kid Cudi Kids See Ghosts (2018), Jesus is King (2019), và Donda (2021).
West released the album Yeezus in 2013. The album reached #1 on the Billboard 200 chart as well as on the US R&B và US Rap charts & in four other countries. His album The Life of Pablo was released in 2016 and reached #1 on the Billboard 200 chart & #2 on the US Rap và US R&B charts. West"s single "Four
Five
Seconds" (with Rihanna and Paul Mc
Cartney) reached #1 on the US R&B chart. In 2017, he was nominated for six Grammy Awards. His next album, Ye, was released in June 2018. Unfortunately, Ye was the first album in Kanye"s career not to go platinum.
In addition to his own albums & releases, West has continued working as a producer & featured artist for other musicians, including 6ix9ine, XXXTentacion, Lil Pump, Chance the Rapper, Kid Cudi, và 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 và Mary.
| Kanye West Earnings By Year: | |
| Year | Earnings |
| 2007 | $17,000,000 |
| 2008 | $30,000,000 |
| 2009 | $25,000,000 |
| 2010 | $12,000,000 |
| 2011 | $16,000,000 |
| 2012 | $35,000,000 |
| 2013 | $20,000,000 |
| 2014 | $30,000,000 |
| 2015 | $22,000,000 |
| 2016 | $18,000,000 |
| 2017 | $22,000,000 |
| 2018 | $90,000,000 |
| 2019 | $100,000,000 |
| 2020 | $200,000,000 |
| 2021 | $100,000,000 |
| 2022 | $100,000,000 |
| Total: | $637,000,000 |
(Photo by Kevork Djansezian/Getty Images)
Yeezy
West has long expressed his interest in fashion & was the first non-athlete to score a shoe khuyễn mãi giảm giá with Nike with his 2009 Air Yeezys sneaker. He has also designed footwear with Louis Vuitton, Bape, and Giuseppe Zanotti. Additionally, he released two clothing lines at Paris Fashion Week in 2011 and 2012.
In December 2013, Adidas officially announced its new shoe collaboration khuyến mãi with West. The Yeezy Boost 750 sneaker in "Light Brown" was first released on February 14, 2015, exclusively available on the Adidas mobile tiện ích to those in new york City, và sold out within 10 minutes. As of December 2017, a total of 19 colors and six designs had been released in the Adidas and Yeezy sneaker collaboration. In 2015, West premiered Season 1 of his Yeezy clothing line with Adidas. Season 2 quickly followed later that year, with Season 3 in February 2016.
Following the success of his early releases, Adidas announced a long-term contract with West in June 2016. On average, Kanye earns a 10% royalty on net revenues from Adidas. He earns a high royalty for merchandise sold through his own website, Yeezy
Supply.com, as opposed khổng lồ Adidas.com. His blended average royalty rate is around 10%.
It should be noted that Kanye owns 100% of the Yeezy apparel line outright as of this writing.
G.O.O.D Music
In 2004, Kanye founded the record label and production company G.O.O.D Music with Sony BMG. "G.O.O.D" is an acronym for "getting out our dreams." Artists signed to lớn the label include West himself, John Legend, Common, Big Sean, Pusha T, Q-Tip, Kacy Hill, & Teyana Taylor.
Other Assets & Philanthropy
He also owns the company KW Foods LLC., which owns the rights lớn the Fatburger fast-food chain in Chicago. In January 2012, West announced the establishment of DONDA, a creative content company named after his late mother, Donda West. Additionally, West is a co-owner of the music streaming service Tidal, along with other music artists such as Jay-Z, Rihanna, Madonna, Chris Martin, và Nicki Minaj. Most of the stakeholders involved own a 3% equity stake.
His philanthropic ventures include the Kanye West Foundation, which benefits education for African American & Latino children, in addition to lớn contributing time, talent, & money to lớn Hurricane Katrina relief, World Water Day, and Live Earth, among other organizations. In June 2020, in the wake of the George Floyd murder, Kanye donated $2 million split between the Floyd family and other victims of police brutality, Ahmaud Arbery and Breonna Taylor.
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Real Estate
Kanye West owns around $100 million worth of real estate in the United States (land, buildings, and homes). Below is a rundown of his most notable real estate purchases and sales.
During their marriage, Kim/Kanye"s primary residence was an expansive estate in the LA suburb of Hidden Hills, California. This estate consists of multiple connected parcels, the first of which was acquired in 2014 in two separate transactions for $23 million. The first iteration of their property featured a newly built mansion on 4.5 acres. The couple proceeded lớn spend millions of dollars over several years customizing, re-arranging, and expanding the home. In 2019, they expanded their estate with two separate transactions for neighboring properties khổng lồ create a conjoined 7.5-acre behemoth. A staggering $28.5 million has been spent on real estate transactions alone lớn create the Hidden Hills estate. Tens of millions more have been spent on renovations. The Hidden Hills estate"s current assessed value is north of $60 million. In September 2021, Kim paid Kanye $23 million lớn officially transfer the property into her name. Roughly $3 million of that amount went khổng lồ the home"s interior contents.
In September 2021, Kanye paid $57.3 million for a beachfront home in Malibu. The home, which Tadao Ando designed, was built in 2013 for a Wall Street tycoon named Richard Sachs. Sachs spent seven years gathering permits & completing the construction. The finished home is 4,000 square feet & is made of 1,200 tons of concrete, 200 tons of steel, & 12 pylons driven 60 feet into the sand. Sachs put the home on the market in 2020 for $75 million. Kanye never moved into the home. He put it on the market in December 2023 for $53 million. According khổng lồ the listing agent, buyers will need to be prepared khổng lồ spend "several million dollars" to lớn make the house livable after Kanye"s construction projects, which were never completed. Here is a drone video tour of the Malibu mansion:
Other real estate assets include:
A 320-acre estate on Stokes Canyon Road in Calabasas that is worth $16 million. This is where his Sunday Services have been held and where he attempted to lớn build a series of domed structures before being shut down by the LA County Building Commission for permit issues. A 6,700-acre ranch called Bighorn Mountain Ranch in Wyoming – $15 million A $2 million commercial property in Cody, Wyoming Kanye West also owns his childhood home in Chicago and, in 2023, finished restoring it.Xem thêm: 10 thương hiệu giày cao gót việt nam chất lượng các giày nữ nổi tiếng
In late 2019, Kanye paid $14 million for an additional ranch in Wyoming called monster Lake Ranch. He sold this ranch in June 2024.
Personal Life
West had an on-and-off relationship with designer Alexis Phifer from 2002 khổng lồ 2008. He dated model Amber Rose from 2008 khổng lồ 2010. In April 2012, he began dating reality star Kim Kardashian. They married in May 2014. Together, the couple have four children. They divorced in 2022. For a brief period in 2022, Kanye dated actress/model Julia Fox.
In January 2023, it was reported that Kanye & Australian architect Bianca Censori were married informally in a private ceremony in Beverly Hills.
In October 2021, Kanye had his request granted to lớn change his legal name khổng lồ "Ye."
Kanye West Net Worth 2019
Below is the calculation we used lớn determine Kanye West"s 2019 net worth of $600 million:
Assets:
Real estate assets = $120 million Music catalog including G.O.O.D Music = $80 million Value of Yeezy brand = $500 million Other assets = $20 millionTotal assets = $720 million
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Kanye West is presented with his first platinum album "The College Dropout" in 2004. Tim Mosenfelder/Getty Images
Ye"s income from album sales isn"t known, but he"s sold an estimated 160 million records — making him one of the world"s best-selling recording artists.
He"s also still making money from streaming, even in the wake of his recent offensive comments. Ye"s music remains available across most major platforms, including táo Music và Spotify — & that"s unlikely khổng lồ change, per The Los Angeles Times.
Spotify CEO Daniel Ek told Reuters that, although he considered Ye"s antisemitic comments "just awful," those messages don"t feature in his music, so don"t affect his future on Spotify. "It"s really just his music, and his music doesn"t violate our policy," said Ek.
Although radio airplay is down, per Billboard, Ye"s streaming tallies were still strong in the wake of the controversy last year.
In the seven days after October 3, when Ye wore his controversial "White Lives Matter" shirt at Paris Fashion Week, his catalog had an average daily streaming tally of 13.1 million in the US, per Luminate via Billboard.
This figure remained pretty steady even after Ye"s antisemitic tirades, which sparked widespread condemnation and prompted major brands to sever highly-profitable ties with him.
Apple Music, Spotify, & Amazon Music did not respond to Insider"s requests for comment.
J.P. King Auction Company
In 2020, Ye"s team told Forbes that he held $81 million in "buildings and improvements" and $21 million in land — mostly encompassing his various homes.
Standout properties include West"s two huge $14 million ranches in Wyoming, which he picked up in 2019. About 100 miles apart, they include a restaurant and saloon, an sự kiện venue, numerous horse barns, multiple guest cabins, & a state-of-the-art shooting range.
Following their split in early 2021, Kim Kardashian retained the $60 million Hidden Hills house she"d shared with Ye, but the musician quickly bought another property nearby. By his standards, it was a modest purchase at $4.5 million, per Dirt.
Other purchases have been pricier. In September 2021, per Dirt, Ye splurged $57.3 million on a bunker-style mansion in Malibu.
The concrete property, previously home to financier Richard Sachs, was designed by renowned Japanese architect Tadao Ando and, according lớn Architectural Digest, is characteristic of Ye"s "minimalist style."
Ripsaw EV2. Textron Systems
Ye also has a reputation for picking up pricey assets. In 2020, his team told Forbes he held "vehicles" worth about $3.8 million in "vehicles" và in "livestocks" valued at almost $300,000.
One of his most outlandish purchases was a $500,000 super-fast luxury tank, which he"s since sold. This was just one element of his wild array of off-roaders, which includes a fleet of amphibious all-terrain vehicles.
Ye also has an extensive collection of supercars, per GQ, including a Porsche 991 and a Lamborghini Urus. He also owns a Mercedes-Benz SLR Stirling Moss — one of just 75 built — as well as his recently modified BAC Mono "Yemobile", per Hypebeast.
The rapper is certainly a big spender, but some of his biggest assets have come in the form of gifts. On his birthday in 2012, Ye received a $750,000 Lamborghini Aventador from Kim Kardashian.
Beyond vehicles, he also splashes the cash on fashion. Way back in 2011, Ye bought a diamond-encrusted timepiece from luxury watchmaker Tiret for $180,000, per Time.
Skims introduced leggings, tanks, and bike shorts in its performance-activewear collection. MEGA/Getty Images
Per Forbes, Ye still holds a 5% stake in Skims — the shapewear brand founded by his ex-wife Kim Kardashian.
In an interview with The thủ đô new york Times, Kardashian said Ye"s input was central lớn shaping the brand"s aesthetic — calling him the "ghost creative director."
Skims told The thủ đô new york Times that Ye has "no active role" at the company, describing him as a "small minority shareholder."
On October 24 Kardashian tweeted: "Hate speech is never OK or excusable. I stand together with the Jewish community và call on the terrible violence và hateful rhetoric towards them to lớn come to an immediate end."
