Kanye West’s exact net worth is unknown for the simple reason that he has never revealed it to the public. The closest that he has come to that was in 2016 when he tweeted that he had $53 million in personal debt because of his interest in the fashion industry. However, even if that figure was correct, there are reasons to believe that there was much more to the story than what West revealed on Twitter. Regardless, considering the sheer interest in the man, it should come as no surprise to learn that a number of sources have produced estimates of his net worth. The latest of those estimates from Forbes suggests that he has a net worth of $145 million, which is based on a number of sources of income.
How Did Kanye West Reach His Current Net Worth?
First and foremost, West is a rapper, so it makes sense that his music is what has brought him most of his fortune. Part of this would have come from the sales of his music. However, it should be noted that West has made a fair amount from his tours as well. For example, Forbes has claimed that his Yeezus Tour from 2013 to 2014 contributed double-digit millions to his net worth. Considering that was but one of his seven tours so far, it seems safe to say that West’s music has played a pivotal role in earning him his fortune, particularly since the rest of his ventures received a significant boost from the fame that he earned as a rapper.
As stated, West is interested in the fashion industry. In fact, he has combined his endorsements with his interest in the fashion industry by creating fashion lines in cooperation with various companies of note. For example, there was a partnership with Nike that came to a close because West claimed that he wasn’t being paid royalties. However, there is a current partnership between West and Adidas, which seems to be doing well because their contract means that West will be getting full-fledged stores for his fashion line. On top of this, it has been revealed that West is expected to design even more clothing for even more occasions, which will presumably add to his earnings as well.
Besides this, West has been involved in various other ventures as well. For example, he was planning on opening a number of burger franchises at one point in time. However, that particular venture didn’t turn out so well, as shown by the fact that he eventually opened up much fewer franchises than what he had initially announced before eventually shutting down those that he had opened. However, West’s other ventures have been more success. One excellent example is GOOD Music, which is a record label that has released a number of successful albums from a number of successful artists ever since it was founded in 2004 by West in cooperation with Sony BMG. Likewise, West is actually one of the co-owners of Tidal, which is a music streaming service that stands out both because it is artist-owned and because it is intended to combat the unfairness of the low royalties that existing music streaming services pay to the artists. Summed up, while it would be exaggerating to say that West has a metaphorical Midas touch, he is nonetheless doing quite well when it comes to his business ventures, meaning that they are presumably contributing a fair amount to his net worth as well.
With that said, it is interesting to note that West is estimated to have a somewhat lower net worth than his wife Kim Kardashian, who has been estimated to be worth about $150 million. Suffice to say that it will be interesting to see how the couple’s combined star power will be translated into further earnings in the future. Already, they have teamed up to launch their own line of children’s clothing, which happened in 2017. However, there are a lot of other possibilities for their combined star power, though of course, there is no guarantee that the ones that they choose will work out in the end. Regardless, it doesn’t seem as though West will stop building up his net worth anytime soon. Certainly, his name has been in the news in recent times because of his ill-advised comments, but to be perfectly honest, there isn’t much reason to believe that they’ll sink him when his previous comments had no such effect.