WASHINGTON, April 25, 2020 (BSS/AFP) – Rapper Kanye West is now a
billionae thanks largely to the basketball shoes bearing his name that he
developed with Adidas, Forbes magazine said Friday.
The rough figure of the wealth of Kim Kardashian’s hubby is $1.3 billion,
the magazine said in announcing the musician is now on its list of people worth
at least $1 billion.
The 42-year-old, Chicago-born rapper’s Yeezy footwear often sells for more
than $200 a pair in the United States and elsewhere.
West was associated with Nike for years but broke away in 2013, lending his
name to Adidas as they launched their first shoe together in 2015.
Forbes said that for years West has been pressing the magazine to be listed
as one of its mega-rich but that it declined, for lack of proof.
The magazine said tongue in cheek that for years it had applied what it
called the Trump rule to West: “take whatever the future president insisted he
was worth, divide by three, and start honing from there.”
Much of the rest of West’s wealth comes from real estate he owns, the
magazine said.
West is the second American rapper to make the Forbes list after Jay-Z, who
made the cut last year.