Find in the news:
BY COUNTRY

The Yeezy brand made Kanye West the wealthiest African-American in history



In many ways, the infamous rapper managed to gain a billion-dollar fortune thanks to the Yeezy brand he owns.
The Yeezy brand - Kanye West - Depositphotos

To date, Kanye West's fortune is estimated at $6.6 billion. The majority of this sum (from $3.2 to $4.7 billion) came thanks to cooperation between the musician's brand Yeezy, which produces clothes and shoes, and such companies as Gap and Adidas. Thus, the deal with Gap is estimated at 970 million. Also, the rapper's net worth increased and, at the expense of 1.7 billion dollars, invested in many assets, including the brand Skims Kim Kardashian West.

Bloomberg reported this, citing a document from a financial holding company UBS Group AG, which sets out the rapper's economic outlook, who has now become a fashion mogul. The report also states that West owns about $122 million in stocks and liquid assets and that his music catalog is valued at more than $110 million. If all of these numbers are true, then Kanye West has become the wealthiest black American in U.S. history.

Another opinion expressed by Forbes states that the figure is blatantly exaggerated, and Kanye West is not worth more than $1.8 billion. The figure of 6.6 billion appeared only because of the rapper's ability to make big stories about his person. It is claimed that the musician's fortune at the moment does not exceed 1.8 billion. It is noticeably better than the figure of 1.3 billion last year, but still not even close to Bloomberg's estimate.

According to Forbes, the 6.6 billion figure arose from an unrealistic estimate of sales that "haven't happened yet." It is alleged that UBS's financial documents, referred to by Bloomberg, are not based on actual numbers but projections and assumptions. In other words, the rapper's fortune will reach the figure of 6.6 billion dollars, provided that all the deals he signed will be very successful. The cooperation of Yeezy and Gap has not yet brought any income at all.

It is not the first time Forbes has accused the rapper of blatantly inflating his capital. In the past, Kanye West has even claimed that the publisher treats him with "deliberate disregard."

But if Forbes' statement is true, the richest black American is still Robert F. Smith of the Vista Equity investment fund, whose fortune is estimated at $6 billion. The richest black man in the world is Nigerian businessman Aliko Dangote, whose wealth is estimated at $11.8 billion.

Photo credit: depositphotos.com.

More about shopping malls in the USA



DAY BEFORE YESTERDAY, China:
Zhuhai Wanda Commercial Management Group filed for an IPO on the Hong Kong Stock Exchange.
Oct 25, 2021, Finland:
Lippulaiva declared K-Supermarket, Prisma, Lidl, and Tokmanni as anchor tenants.
Oct 25, 2021, USA:
About 200 terminals to sell bitcoins were installed in stores operated by Walmart.
Oct 22, 2021, USA:
Cyber-sports arenas, basketball courts, and aquariums are replacing storefronts and retail spaces.
Oct 22, 2021, USA:
The video host will host a week of "live shopping" as part of its "YouTube Holiday Stream and Shop" event.
Oct 21, 2021, India:
Flagship stores at the mall include Diesel, Replay, Hugo Boss, Emporio Armani, and Paul Smith.
Friend
and Follow
Olympia Einkaufszentrum GLA:602 779 SF
ADDRESS: Hanauer Straße 68, 80993
Germany . Munich
Olympia Einkaufszentrum
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
Designer Outlet Malaga GLA:322 917 SF
ADDRESS: 29004, Málaga, Spain
Spain . Malaga
Designer Outlet Malaga
Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
Austria . Vienna
Shopping City Süd


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us