Kanye West Officially Declared A Billionaire By Forbes – He reacts [FULL GIST]
When Kanye was repeatedly scolded for drawing sketches of sneakers instead of carrying out his duties,
he didn’t know that according to Forbes magazine he would make millions.
Last summer, when Kanye West was interviewed with Yeezy about his performance, he first appeared pleased with Forbes’ cover.
But he was disappointed that he was not called a billionaire.
Kanye said in a panel interview, I showed them an $890 million receipt and they still didn’t say ‘billionaire’.
Kanye West has chosen to provide the publication with documentation to show the feat in a “authentic numerical view of Kanye, Inc.”
Yet Forbes reports that West has not been pleased with his analysis and findings,
saying he assumes that its net worth is about $3.3 billion, not the projected $1.26 billion.
He wrote : “It’s not a billion. It’s $3.3 billion since no one at Forbes knows how to count.”
However, West’s 22-year-old sister-in-law Kylie Jenner was named the youngest self-made billionaire for the second year in a row.
The author of the article O’Malley Greenburg states that West was not pleased with his name absent when this year billionaire’s list was published.
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According to O’Malley Greenburg, a senior editor at Forbes, Kanye Texted to say:
You know what you’re doing.
You’re toying with me and I’m not finna lye [sic] down and take it anymore in Jesus name.
Greenburg further stated that:
At one point, he texted that Forbes was “purposely a part of a group of media”
that was trying to suppress his self-made narrative because of his race.
That sister-in-law Kylie Jenner did make the list also clearly stuck in his craw.
Focusing on the wealth breakdown,
Forbes says West’s team issued statements showing the rapper has $17 million in cash,
$35 million in bonds, $81 million in “buildings and renovations” and $21 million in property.
Forbes also looked at Adidas Yeezy, the fashion partnership between the rapper and the German sportswear brand,
which they say is worth around $1.3 billion in revenue, and about $140 million from last year’s sales.
Forbes reports that the $140 million cut in West’s Yeezy makes his investment worth around $1.4 billion,
but they noted that it’s a ‘private, highly liquid $1.4 billion’ that clings it closer to $1.26 billion.