By Tamlyn Canham
More than seven years after claiming he was $53-million in debt; Kanye West is now the richest black man in American history.
According to Bloomberg, the rapper is now worth a whopping $6.6-billion (about R96.89-billion).
The ‘Gold Digger’ hitmaker’s albums and singles have sold over 140-million copies worldwide.
But it is Kanye’s Yeezy sneaker collaboration with Adidas that has helped him climb to the top of the rich list.
His recent apparel partnership with Gap Inc. has also added to his earnings.
Gap deal worth millions
Kanye’s Yeezy line with Gap is set to launch in July 2021. The company hopes to make $150-million in sales by 2022.
The line will include apparel for both men and women. There’s even a kid’s line called, Yeezy Gap.
“West’s sneaker and apparel business with Adidas AG and Gap Inc., is valued at $3.2 billion to $4.7 billion by UBS Group AG,” Bloomberg reported.
The Gap deal is expected to be worth $970-million.
Kanye also has an investment in Kim Kardashian’s popular underwear label, Skims.
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Kanye’s footwear and apparel brand Yeezy has been mocked in the past.
He made clothes with holes trendy and his creative sneaker designs sell out within minutes of their launch.
Kanye’s new YEEZY QNTM “Sea Teal” sneakers are dropping this week. A pair will set you back more than R3,000.
He has several other sneakers dropping in March.
— SNKRSSS (@JJJennifer1024) March 11, 2021
Hate him or love him, Kanye is laughing all the way to the bank.
I’ll admit them yeezy sliders look kinda comfy https://t.co/UsJwqfE2k1
— Uncool Jevz ??♂️???♂️ (@MizukageJevz) May 21, 2020