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How Is The Net Worth Of Kanye West $2 Billion?

Have you ever wondered what the net worth of Kanye West is? As the creator of the Yeezy brand, a huge music artist, and designer, Kanye has made quite the name for himself. From struggling with bankruptcy in 2016 to now being a billionaire, he has an amazing story. As of August 2022, Kanye West has a net worth of $2 billion. Let’s dive into how the artist made this all happen.

Early Life

Kanye West was born on June 8, 1977. He spent most of his childhood in suburban Oak Lawn, Illinois. Here, his artistic abilities became apparent at an early age. He began writing at the age of five and began rapping when he was thirteen. At fifteen, Kanye received his first sampler and began selling compositions by the time he was a junior in high school.

After high school, Kanye West attended Chicago State University where he studied English. West felt that school was distracting his musical priorities, so he dropped out at the age of 20. Afterward, West became a shadow producer for local Chicago artists in order to make ends meet.

West’s parents had a large influence on his perspective growing up. His father was a Blank Panther and his mother was a professor of English at a university. While college didn’t work out for West, it paved the way to his grammy-winning album, The College Dropout.

Music Career

kanye west net worth
Source: Pinterest

After several years of underground work, Kanye quickly gained recognition. Because of this, he started to produce for larger names in the industry. Eventually, West produced tracks for artists under Roc-A-Fella Records. This includes production for rap mogul Jay-Z’s The Blueprint, an album often ranked in the greatest rap albums.

Kanye’s true passion wasn’t producing, but rather rapping. At the time, most record labels did not take him seriously because he lacked the “gangsta rap” image that was big at the time. A year after several failed contracts, Kanye went through a severe car crash that landed him in the hospital. Despite severe injury and surgery, Kanye took this as motivation and record his first rap single, Through the Wire.

Kanye went on to shock the world with his debut album, The College Dropout in 2004. Throughout his career, Kanye has released 9 incredible studio albums. His musical influence arguably helped shape the roots of modern-day hip hop. Here is a list of Kanye’s studio albums by year of release:

  • 2004: The College Dropout
  • 2005: Late Registration
  • 2007: Graduation
  • 2008: 808s & Heartbreak
  • 2010: My Beautiful Dark Twisted Fantasy
  • 2011: Watch the Throne
  • 2013: Yeezus
  • 2016: The Life of Pablo
  • 2018: Ye
  • 2019: Jesus Is King

Kanye’s music catalog accounts for $110 million of his net worth.

Kanye Enters the Fashion World

Kanye first found his roots in the sneaker industry with his Bape collaboration in 2007. The shoe sold out soon after release and currently re-sells for around $4000. Seeing this grand success, Kanye began to devote more of his time to designing fashionable shoes.

In 2009, Kanye dropped his first Nike collaboration with the Air Yeezy 1. In just a few seconds, the shoe which retailed at $215 completely sold out. Shortly after, Kanye released a collaboration with fashion giant Louis Vuitton solidifying his name in the industry.

According to West, Nike wasn’t paying him in royalties and was actually giving his profit to a charity of his choice. In frustration, Kanye left the sportswear juggernaut to join Adidas in 2013. Here he says he found more creative freedom and appropriate compensation. Due to Kanye’s remarkable negotiation skills, Adidas agreed to give a shocking 11% royalty on every pair sold. Comparably, Michael Jordan receives 5% royalty from the Jordan brand sold at Nike.

Kanye Builds Yeezy Brand

kanye west net worth
Source: Twitter

Eventually west transitioned the Yeezy Brand to other areas of fashion outside of sneakers. He began to design collections of Yeezy clothing including hoodies, pants, and jackets with a distressed combat aesthetic. Kanye was initially mocked as the clothing appeared hyper-casual and not worth the hefty triple-digit price tags.

Similar to the past, Kanye shocked the world once again selling out all of his collections within seconds of release. He would even instantly sell out on surprise collections that were dropped with no prior warning.

Initially, the brand struggled financially putting Kanye into immense debt in 2016. Kanye was extremely devoted to the growth of his brand, investing mass amounts of money into its expansion. The star even publicly tweeted at Mark Zuckerberg asking for funding, after it was revealed he had over $50 million in debt.

In 2019, Bank of America valued the Yeezy brand at $3.3 billion, with Kanye being the sole owner. This roughly adds $1.03 billion to Kanye’s net worth, notably the largest share of his wealth. Furthermore, Yeezy sales actually increased by 50% to $1.9 billion by the close of 2019. Kanye West was able to leverage his success and influence in music to help his vision in fashion come to life.

Kanye’s immense success in fashion can be credited to the law of modern attraction. The limited nature of both Yeezy shoes and clothing collections makes them valuable, many of the items reselling for multiples of their original retail price. We want what everyone else, and we want what we can’t get.

Kanye West Net Worth 2022

As of August 2022, Kanye West has a net worth of $2 billion dollars. This can be divided as follows:

  • A $1.26 billion stake in athletic wear brand Yeezy, which Bank of America valued at $3 billion in 2020
  • $17 million in cash
  • $35 million in stocks
  • $21 million in real estate
  • $3,845,162 worth of vehicles
  • $297,050 of livestock

This is particularly interesting given many people primarily associate Kanye with his music catalog despite it only amounting to a tenth of his wealth.

Key Takeaways

  • Take Calculated Risks: Kanye West dropped out of college at the age of 20 to the dismay of his mother who was a professor at the time. Had Kanye not taken this risk, he might not have succeeded in music the way he did.
  • Leverage Your Strengths: From an early age, Kanye had a distinct ability to perform artistically. In every successful avenue of his life, he heavily leverages his artistic ability to win. Even if you haven’t found your “specialty yet,” use this as motivation to keep trying new things until you eventually do.
  • Self-Confidence is Everything: Kanye’s biggest asset was arguably his self-confidence. Without confidence, he wouldn’t have released any of his at-the-time experimental albums or clothing lines. Believe in your vision even if it feels like no one else does.

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"I finally feel on top of my financial situation. Never would I think I'd look forward to checking my accounts."
Ozei Evans

Success Bug Member

2022

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