Kanye West Net Worth (Money & Salary)
Title: Kanye West Net Worth (Money & Salary)
Last Updated: December 4, 2024
What is Kanye West’s net worth?
An American producer, rapper, fashion designer, and entrepreneur, Kanye West boasts a net worth of $400 million. At one point as a multi-billionaire, he ranked among the three wealthiest self-made black individuals in US history. His rise to fame began with the release of his 2004 album The College Dropout. Today, Kanye stands as one of the most acclaimed musicians globally, holding 24 Grammy awards from 75 nominations. In recent times, he has shifted his focus from music to the business sector, generating at least $100 million annually from various ventures. The majority of his income stems from royalties and earnings associated with his Yeezy brand and partnership with Adidas. However, his bold opinions and controversies have led to the loss of several sponsors and partnerships recently.
Kanye possesses full ownership (100%) of the Yeezy apparel line. Throughout his collaboration with Adidas, he collected a royalty on every dollar earned. The Yeezy brand produced $2 billion in annual revenue and generated $250 million in profit for Adidas. At the height of their partnership, the Yeezy brand was valued between $4 and $5 billion independently.
A UBS valuation in March 2021 suggested that Yeezy could increase Kanye’s net worth by $3-4 billion. This report also indicated that his former deal with The Gap added approximately $1 billion to West’s net worth.
In evaluating Kanye West’s net worth in mid-2021, we accounted for the following assets and liabilities:
Assets:
- Real estate assets valued at $120 million
- Music catalogue, including G.O.O.D Music, worth $80 million
- Yeezy.com website estimated at $100 million
- Valuation of Yeezy brand at $5 billion
- Value of Gap partnership approximated at $1 billion
- Cash, equities, and other possessions estimated at $400 million
Total assets = $6.7 billion
Liabilities and other obligations = $100 million
Net Worth = $6.6 billion
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Early Life and Career Beginnings
Kanye Omari West was born on June 8, 1977, in Atlanta, Georgia. After his parents divorced when he was three years old, West relocated with his mother to Chicago, Illinois. There, he began to explore music after meeting No I.D., a producer and DJ who became his mentor. He received a scholarship
Initially, he enrolled at the American Academy of Art in 1997 but later switched to Chicago State University to pursue English studies. Ultimately, he left school at the age of 20 to chase his dreams in music.
After leaving college, West started creating beats for local artists while developing his unique style. His first official production credits came from the debut album of Chicago rapper Grave, titled Down to Earth, released in 1996. During this time, he also produced for other artists such as Foxy Brown, Deric “D-Dot” Angelettie, and Harlem World.
Rise to Fame and Music Career
In 2000, West received a significant opportunity when he began producing for Roc-A-Fella Records, collaborating with artists like Ludacris, Alicia Keys, and Janet Jackson. His contributions to Jay-Z’s 2001 album The Blueprint sparked considerable interest in his production skills. From this era, West accumulated impressive production credits with notable artists including Jay-Z, Beyoncé, John Legend, and Janet Jackson.
Even with his success as a producer, West aimed to become a rapper. In 2001, he persuaded the head of Capitol Records to sign him to Roc-A-Fella Records after being initially rejected by Capitol.
Following a serious car accident in October 2002 that resulted in a shattered jaw, West was motivated to write and record the song Through the Wire while still having his jaw wired shut. This track served as a foundation for his debut album, The College Dropout, which leaked months before its planned release in August 2003. West took that time to remix, remaster, and edit the album, delaying its release three times. The College Dropout finally came out in February 2004, receiving widespread critical acclaim, earning him 10 Grammy Award nominations, and being certified triple platinum in the US.
As he began crafting his second album, West invested two million dollars into its production, even hiring a live string orchestra. Late Registration launched in August 2005 and sold over 2.3 million units in the United States by year’s end. His follow-up albums include Graduation (2007), 808s & Heartbreak (2008), My Beautiful Dark Twisted Fantasy (2010), a collaboration with Jay-Z titled Watch the Throne (2011), Yeezus (2013), The Life of Pablo (2016), Ye (2018), a joint project with Kid Cudi named Kids See Ghosts (2018), along with Jesus is King (2019), and Donda (2021).
The 2013 release of Yeezus catapulted to #1 on both the Billboard 200 chart and the US R&B and US Rap charts, also achieving similar success in four additional countries. His 2016 album The Life of Pablo reached #1 on the Billboard 200 and positioned at #2 on the US Rap and US R&B charts. The single “FourFiveSeconds” (featuring Rihanna and Paul McCartney) soared to #1 on the US R&B chart. In 2017, West received six Grammy Award nominations. His subsequent album, Ye, premiered in June 2018, but unfortunately, it did not achieve platinum status, marking the first time in Kanye’s career this occurred.
Besides his album endeavors, West has continued to work as a producer and featured artist for other musicians, collaborating with names like 6ix9ine, XXXTentacion, Lil Pump, Chance the Rapper, Kid Cudi, and Teyana Taylor. His music-related ventures also include the weekly “Sunday Service” with the Sunday Service Choir, which has performed every Sunday since January 2019. He has further collaborated with contemporary artist Vanessa Beecroft on two operas, Nebuchadnezzar and Mary.
| Kanye West Earnings By Year: | |
| Year | Earnings |
| 2007 | $17,000,000 |
| 2008 | $30,000,000 |
| 2009 | $25,000,000 |
| 2010 | $12,000,000 |
| 2011 | $16,000,000 |
| 2012 | $35,000,000 |
| 2013 | $20,000,000 |
| 2014 | $30,000,000 |
| 2015 | $22,000,000 |
| 2016 | $18,000,000 |
| 2017 | $22,000,000 |
| 2018 | $90,000,000 |
| 2019 | $100,000,000 |
| 2020 | $200,000,000 |
| 2021 | $100,000,000 |
| 2022 | $100,000,000 |
| Total: | $637,000,000 |
(Photo by Kevork Djansezian/Getty Images)
Yeezy
Kanye West has shown a long-standing interest in fashion, becoming the first non-athlete to secure a shoe deal with Nike through his 2009 Air Yeezys sneaker. In collaboration with Louis Vuitton, Bape, and Giuseppe Zanotti, he has also designed various footwear. Furthermore, he unveiled two clothing lines during Paris Fashion Week in 2011 and 2012.
In December of 2013, a new shoe collaboration deal between West and Adidas was officially announced. The “Light Brown” Yeezy Boost 750 sneaker made its debut on February 14, 2015, initially available on the Adidas mobile app exclusively for New York City residents, selling out in under 10 minutes. By December 2017, 19 colors and six designs had been introduced as part of the Adidas and Yeezy sneaker partnership. Kanye launched Season 1 of his Yeezy clothing line with Adidas in 2015, followed swiftly by Season 2 later that year and Season 3 in February 2016.
Due to the early success of his releases, Adidas confirmed a long-term contract with West in June 2016. He receives an average royalty of 10% from net revenues generated by Adidas. His royalty for merchandise sold on his own website, YeezySupply.com, is notably higher compared to Adidas.com. The blended average royalty rate he enjoys is about 10%.
It’s worth mentioning that Kanye owns 100% of the Yeezy apparel line at this point in time.
G.O.O.D Music
Kanye began G.O.O.D Music, a record label and production company, in 2004 in partnership with Sony BMG. The acronym “G.O.O.D” stands for “getting out our dreams.” Some of the artists associated with the label include West himself, John Legend, Common, Big Sean, Pusha T, Q-Tip, Kacy Hill, and Teyana Taylor.
Other Assets and Philanthropy
Kanye is the owner of KW Foods LLC., which holds the franchise rights to the Fatburger fast-food chain in Chicago. He announced the creation of DONDA in January 2012, a creative content company named in memory of his late mother, Donda West. Additionally, he co-owns the music streaming service Tidal with several other music artists including Jay-Z, Rihanna, Madonna, Chris Martin, and Nicki Minaj, with most stakeholders holding a 3% equity stake.
His charitable endeavors include the Kanye West Foundation, aimed at improving education for African American and Latino children. He has also contributed time, talent, and resources for Hurricane Katrina relief, World Water Day, and Live Earth, along with various other organizations. In response to the George Floyd incident in June 2020, Kanye donated $2 million, which was split between the Floyd family and other victims of police brutality, including Ahmaud Arbery and Breonna Taylor.
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Real Estate
In the United States, Kanye West possesses approximately $100 million in real estate, which includes land, buildings, and homes. Below is a summary of his most significant real estate transactions.
During their marriage, Kim and Kanye resided in an expansive property located in the LA suburb of Hidden Hills, California. This estate comprises several connected parcels, the initial one being purchased in 2014 through two separate transactions valued at $23 million. Their first property featured a newly constructed mansion set on 4.5 acres. The couple invested millions over the years customizing, rearranging, and enlarging the residence. In 2019, they further augmented their estate through two additional acquisitions of neighboring properties, culminating in a vast 7.5-acre complex. An impressive total of $28.5 million was spent on real estate transactions to establish the Hidden Hills estate, alongside tens of millions more allocated for renovations. Currently, the assessed value of the Hidden Hills estate exceeds $60 million. In September 2021, Kim transferred $23 million to Kanye to officially have the property in her name, which included about $3 million for the contents within the home.
Kanye acquired a beachfront residence in Malibu for $57.3 million in September 2021. The home was designed by Tadao Ando and constructed in 2013 for Wall Street mogul Richard Sachs, who spent seven years obtaining permits and overseeing the construction. This finished property, measuring 4,000 square feet, consists of 1,200 tons of concrete, 200 tons of steel, and 12 pylons that reach 60 feet deep into the sand. Sachs listed the home in 2020 for $75 million. However, Kanye never occupied the home and listed it for $53 million in December 2023. According to the listing agent, prospective buyers should be prepared to invest “several million dollars” to make the residence habitable due to Kanye’s incomplete construction plans. Here is a drone video tour of the Malibu mansion:
Additional real estate holdings include:
- A 320-acre estate on Stokes Canyon Road in Calabasas valued at $16 million, which has hosted his Sunday Services and was the site of his attempt to construct a series of domed buildings, halted by the LA County Building Commission due to permit issues.
- A ranch known as Bighorn Mountain Ranch in Wyoming spanning 6,700 acres – valued at $15 million.
- A commercial property in Cody, Wyoming, estimated at $2 million.
- Kanye also retains ownership of his childhood home in Chicago, which he completed restoring in 2023.
Kanye purchased an additional ranch designated as Monster Lake Ranch in Wyoming for $14 million in late 2019 and sold it in June 2024.
Personal Life
From 2002 to 2008, West had an intermittent relationship with designer Alexis Phifer. He was in a relationship with model Amber Rose from 2008 to 2010. In April 2012, he began dating reality star Kim Kardashian, and they married in May 2014. The couple has four children together, but they divorced in 2022. Briefly, in 2022, Kanye was linked to actress/model Julia Fox.
Reports in January 2023 indicated that Kanye and Australian architect Bianca Censori had informally married during a private ceremony in Beverly Hills.
In October 2021, Kanye overcame obstacles to legally change his name to “Ye.”
Kanye West Net Worth 2019
The following outlines the calculations used to determine Kanye West’s net worth in 2019, estimated to be $600 million:
Assets:
- Real estate assets = $120 million
- Music catalog, including G.O.O.D Music = $80 million
- Value of Yeezy brand = $500 million
- Other assets = $20 million
Total assets = $720 million
Liabilities and other considerations = $100 million
2019 Net Worth = $600 million (with a conservative error margin of $20 million)
Kanye West Net Worth (Money & Salary)
Thank you for taking the time to read this article titled: Kanye West Net Worth (Money & Salary).
Data originates from 2023 and 2024, with forecasts extending into 2025 and 2026. Additional forecast data has been expanded to include 2027 and 2028.
* This information was taken from various sources around the world, including these countries:
Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.
Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.
Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.
Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.
Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.
Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.
Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.
Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.
Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.
Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.
Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.
Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.
Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.
Post Title: Kanye West Net Worth (Money & Salary)
Last Updated: December 4, 2024
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