Yezzy | InsideOjodu https://www.insideojodu.com ...conecting the community Sat, 25 Apr 2020 11:21:16 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.10 http://www.insideojodu.com/wp-content/uploads/2018/12/favicon.ico Yezzy | InsideOjodu https://www.insideojodu.com 32 32 Kanye West officially becomes a Billionaire https://www.insideojodu.com/kanye-west-officially-becomes-a-billionaire/ https://www.insideojodu.com/kanye-west-officially-becomes-a-billionaire/#respond Sat, 25 Apr 2020 11:21:16 +0000 https://www.insideojodu.com/?p=12535 American rapper, Kanye West has officially become a Billionaire, making him the second American…

The post Kanye West officially becomes a Billionaire first appeared on InsideOjodu.]]>
American rapper, Kanye West has officially become a Billionaire, making him the second American rapper to reach that status after Jay-Z.

According to Forbes, ’Ye’s Yeezy brand, which he owns in its’ entirety and falls under the Adidas umbrella, helped push him over the $1 billion mark.

The publication said they dissected the Chicago rapper’s success with Yeezy, while also sharing how they tabulated Kanye’s net worth. A decent portion of Kanye’s net worth can be attributed to his royalty agreement with Adidas.

Kanye West’s team provided a statement of the rapper’s assets, which were listed as $17 million in cash, $35 million in stocks, $81 million in “buildings and improvements,” $21 million in land, as well as his G.O.O.D. label and publishing rights, which is said to be worth at least $90 million. There were also a sizable deduction for $100 million worth of debts, which included mortgages and advances.

Forbes also noted that they gave Kanye’s net worth a “50 percent haircut” due to the illiquidity of his assets and the “the lack of independent backup.” The team also deducted $100 million for debts, which included mortgages and advances, putting Kanye’s estimated net worth at $1.3 billion.

The post Kanye West officially becomes a Billionaire first appeared on InsideOjodu.]]>
https://www.insideojodu.com/kanye-west-officially-becomes-a-billionaire/feed/ 0