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Kanye West ‘believes Forbes is underestimating his $7B net worth’ after it values him at $2B 

Kanye West ‘believes Forbes is underestimating his $7B net worth’ after it values him at $2B 

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Kanye West reportedly believes Forbes is undervaluing his $7 billion net worth after making the magazine’s Billionaires List valued at $2B.

 

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The magazine has listed West’s real time net worth at $2 billion on their star-studded list, but insiders have told The Blast West is actually worth $7 billion.

 

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According to ET Canada, West is one of several celebrities to have made the Billionaires List. He follows Oprah Winfrey, who is valued at $2.6 billion, while his ex-wife Kim Kardashian trails him at $1.8 billion.

 

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West has several deals in place, but the magazine’s criteria for determining someone’s wealth does not take into account the ‘enterprise value of long-term deals that are in place,’ according to The Blast.

 

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Net worth is determined in part on ‘revenue from last year only.’

 

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The Blast claims West’s team was told about the article in advance and are not pleased by the way his value has been inputted in the story.

 

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On top of his wildly successful music career, West has a multi-year deal with Adidas with his wildly successful Yeezy range, in addition to a major one with Gap which sees him produce and design apparel for the company, according to The Blast.

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The Yeezy Gap clothing collaboration garnered $1 billion in sales in its first year and now a new range, Yeezy Gap Engineered by Balenciaga, will be released later this year.

 

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Kanye also owns a small stake in his ex-wife Kim Kardashian’s shapewear brand Skims, according to The Blast.

 

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According to The Blast, West thinks the publication is trying to ‘control and diminish him even at the cost of their own integrity.’

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