Move over, Kylie Jenner — there's now another billionaire in the family. According to Forbes, Kanye West's net worth has officially reached the ten-figure threshold.
After appearing on the financial magazine's cover in August, West was upset that he wasn't referred to as a "billionaire," and he grew even more furious when the outlet released its annual billionaires list earlier this month and didn't include him. Sending texts to editors in private, Kanye claimed they were "purposely snubbing" him and "part of a group of media" trying to knock his self-made status because of his race.
Without providing proper documentation on his stake of the Yeezy empire, Forbes said they couldn't just take the rapper's word for it and needed access to his financial records. So, Kanye sent in his receipts, claiming that he's worth more than $3 billion.
However, the publication calculated that Kanye's total worth in actuality is around $1.3 billion ($300 million more than sister-in-law Kylie). The magazine reached that figure after calculating his assets — including his royalties from Yeezy, properties, and G.O.O.D. record label — while taking into account his debts and "asset illiquidity."
While the publication admitted that they tend to look at self-appraisals "somewhat skeptically," Kanye was still unsurprisingly offended by their estimate. "It’s not a billion,” West texted the outlet following publication. “It’s $3.3 billion since no one at Forbes knows how to count.”
Whether it's three billion or a billion, he can now finally change his name to Christian Genius Billionaire Kanye West as planned.
Source: Read Full Article