Kanye West Net Worth (Money & Salary)
Title: Kanye West Net Worth (Money & Salary)
Last Updated: November 29, 2024
Kanye West’s net worth: What is it?
As an American producer, rapper, fashion designer, and entrepreneur, Kanye West has a net worth of $400 million. At one point, he was a multi-billionaire and ranked among the three wealthiest self-made black individuals in US history. His rise to fame began with the 2004 release of his album The College Dropout. Currently, he stands as one of the planet’s most successful and awarded musicians, boasting 24 Grammy wins from 75 nominations. Recently, he has transitioned from music to business, generating at least $100 million annually through various ventures. Most of his income derives from royalties and revenues associated with his Yeezy brand and partnership with Adidas. However, his controversial statements and outspoken nature have resulted in the loss of several sponsors and partnerships over recent years.
Kanye fully owns the Yeezy apparel brand. While collaborating with Adidas, he accrued a royalty on every dollar generated in revenue. The Yeezy brand produced $2 billion in annual revenue and $250 million in profit for Adidas. During the peak of his collaboration with Adidas, the Yeezy brand’s estimated worth ranged between $4 and $5 billion.
A valuation by UBS in March 2021 suggested that the Yeezy brand could contribute an additional $3 to $4 billion to Kanye’s net worth. Furthermore, this report estimated that his former agreement with The Gap had previously added $1 billion to West’s net worth.
In evaluating Kanye West’s net worth by mid-2021, the following assets and liabilities were included:
Assets:
- Real estate holdings = $120 million
- Music catalog, including G.O.O.D Music = $80 million
- Yeezy.com website value = $100 million
- Estimated worth of the Yeezy brand = $5 billion
- Value of Gap partnership = $1 billion
- Cash, equities, and other assets = $400 million
Total assets = $6.7 billion
Liabilities and other considerations = $100 million
Net Worth = $6.6 billion
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Career Beginnings and Early Life
Kanye Omari West was born on June 8, 1977, in Atlanta, Georgia. After his parents divorced when he was three, he relocated with his mother to Chicago, Illinois. There, he engaged in music experimentation after meeting producer/DJ No I.D., who became his mentor. He earned a scholarship to…
In 1997, he began his studies at the American Academy of Art but later transferred to Chicago State University to focus on English. By the time he turned 20, he made the decision to drop out in order to chase his music aspirations.
Post his college departure, West started crafting beats for local artists while developing his own musical identity. His first official production credits came in 1996 with Chicago rapper Grave’s debut album, Down to Earth. During this time, he also worked with artists such as Foxy Brown, Deric “D-Dot” Angelettie, and Harlem World.
Rise to Fame and Music Career
In 2000, West landed a significant opportunity as he commenced his role as a producer for Roc-A-Fella Records, collaborating with notable artists like Ludacris, Alicia Keys, and Janet Jackson. His contributions to Jay-Z’s 2001 album, The Blueprint, sparked considerable interest in his skills as a producer. This phase of his career boasted production credits for an impressive roster, including Jay-Z, Beyoncé, John Legend, and Janet Jackson.
Although he found success as a producer, West’s true ambition lay in becoming a rapper. He successfully persuaded the head of Capitol Records to sign him to Roc-A-Fella Records in 2001 after previously being turned down by Capitol.
Following a severe car accident in October 2002, which resulted in a shattered jaw, West found inspiration and recorded the track Through the Wire with his jaw still wired shut. This song served as the foundation for his debut album, The College Dropout, which was leaked months prior to its anticipated August 2003 release. West took the opportunity to remix, remaster, and edit the album, postponing its launch three times. Ultimately, The College Dropout was released in February 2004, receiving widespread critical praise and earning 10 Grammy Award nominations, ultimately being certified triple platinum in the US.
While developing his second album, West allocated two million dollars for its production, even enlisting a live string orchestra. Released in August 2005, Late Registration sold over 2.3 million units in the United States by year’s end. His subsequent albums are Graduation (2007), 808s & Heartbreak (2008), My Beautiful Dark Twisted Fantasy (2010), a collaborative album with Jay-Z titled Watch the Throne (2011), Yeezus (2013), The Life of Pablo (2016), Ye (2018), a collaboration with Kid Cudi known as Kids See Ghosts (2018), Jesus is King (2019), and Donda (2021).
In 2013, West unveiled the album Yeezus, which topped the Billboard 200 chart as well as the US R&B and US Rap charts and achieved success in four additional countries. His album The Life of Pablo, released in 2016, also reached #1 on the Billboard 200 chart, coming in at #2 on the US Rap and US R&B charts. The single “FourFiveSeconds,” featuring Rihanna and Paul McCartney, climbed to #1 on the US R&B chart. In 2017, he earned six Grammy Award nominations. His next release, Ye, debuted in June 2018 and regrettably marked the first album in Kanye’s career not to achieve platinum status.
Alongside his solo albums and projects, West has remained active as a producer and featured artist for various musicians, including 6ix9ine, XXXTentacion, Lil Pump, Chance the Rapper, Kid Cudi, and Teyana Taylor. His musical endeavors also encompass the weekly “Sunday Service” orchestrations with the Sunday Service Choir, active since January 2019. Additionally, West has 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 consistently shown a passion for fashion, becoming the first non-athlete to secure a shoe deal with Nike through his 2009 Air Yeezys. He has collaborated on footwear designs with brands such as Louis Vuitton, Bape, and Giuseppe Zanotti. Furthermore, in 2011 and 2012, he introduced two clothing lines during Paris Fashion Week.
In December 2013, a new collaboration deal between West and Adidas was officially unveiled. The Yeezy Boost 750 sneaker in a “Light Brown” shade was launched on February 14, 2015, exclusively through the Adidas mobile app for New York City residents, selling out in just 10 minutes. By December 2017, there had been a total of 19 color variations and six different designs produced under the Adidas and Yeezy partnership. West debuted Season 1 of his Yeezy clothing line with Adidas in 2015, followed swiftly by Season 2 later that same year and Season 3 in February 2016.
After the remarkable success of his initial offerings, Adidas confirmed a long-term contract with West in June 2016. Kanye typically receives a 10% royalty from net revenues generated by Adidas. His royalty rate for merchandise sold through his own site, YeezySupply.com, is notably higher than that for sales on Adidas.com, leading to an approximate blended average royalty rate of 10%.
As of now, it’s important to highlight that Kanye fully owns 100% of the Yeezy apparel line.
G.O.O.D Music
In 2004, Kanye established the record label and production company G.O.O.D Music in partnership with Sony BMG. The acronym “G.O.O.D” stands for “getting out our dreams.” The label boasts a roster of artists including West himself, John Legend, Common, Big Sean, Pusha T, Q-Tip, Kacy Hill, and Teyana Taylor.
Other Assets and Philanthropy
Kanye is also the proprietor of KW Foods LLC., which controls the rights to the Fatburger fast-food franchise in Chicago. In January 2012, he announced the launch of DONDA, a creative content agency named in memory of his deceased mother, Donda West. Additionally, he holds a co-ownership stake in the music streaming platform Tidal, alongside other prominent artists including Jay-Z, Rihanna, Madonna, Chris Martin, and Nicki Minaj. Most stakeholders possess a 3% equity interest.
His charitable initiatives include the Kanye West Foundation, which promotes educational opportunities for African American and Latino children. He has also made significant contributions of time, talent, and funding to organizations involved in Hurricane Katrina relief, World Water Day, and Live Earth, among others. Following the murder of George Floyd in June 2020, Kanye contributed $2 million, which was divided between the Floyd family and victims of police violence, including Ahmaud Arbery and Breonna Taylor.
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Real Estate
Kanye West possesses approximately $100 million in real estate assets throughout the United States, encompassing land, structures, and residences. Below is a summary of his most significant real estate acquisitions and dispositions.
While married, Kim and Kanye’s main home was a vast estate located in Hidden Hills, California, a suburb of Los Angeles. This estate comprises several connected parcels, with the first being purchased in 2014 across two transactions totaling $23 million. The initial phase of their property included a newly constructed mansion set on 4.5 acres. Over the years, the couple invested millions customizing, rearranging, and enlarging the residence. In 2019, they acquired additional neighboring properties through two separate transactions to forge a contiguous 7.5-acre expanse. An astounding $28.5 million has been allocated towards real estate transactions to establish the Hidden Hills estate, with tens of millions more spent on various renovations. The current assessed worth of the Hidden Hills estate exceeds $60 million. In September 2021, Kim compensated Kanye $23 million to legally transfer the property to her name, with roughly $3 million allocated for the home’s interior items.
In September 2021, Kanye invested $57.3 million in a beachfront house situated in Malibu. Designed by Tadao Ando, this residence was completed in 2013 for Wall Street tycoon Richard Sachs. Sachs dedicated seven years to securing permits and completing its construction. The home spans 4,000 square feet, constructed with 1,200 tons of concrete, 200 tons of steel, and 12 pylons driven 60 feet into the sand. In 2020, Sachs listed the home for sale at $75 million. Kanye never occupied the house, instead listing 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 home habitable due to Kanye’s unfinished construction projects. Here is a drone video tour of the Malibu mansion:
Additional real estate holdings include:
- A 320-acre estate located on Stokes Canyon Road in Calabasas valued at $16 million. This site has hosted his Sunday Services and was the venue where he attempted to construct several domed structures, only to be halted by the LA County Building Commission due to permit conflicts.
- A 6,700-acre ranch in Wyoming known as Bighorn Mountain Ranch, worth $15 million.
- A commercial property valued at $2 million in Cody, Wyoming.
- Kanye also possesses his childhood residence in Chicago, which he completed restoring in 2023.
In late 2019, Kanye acquired another ranch in Wyoming named Monster Lake Ranch for $14 million. He sold this ranch in June 2024.
Personal Life
From 2002 to 2008, West had an on-again, off-again relationship with designer Alexis Phifer. He was in a relationship with model Amber Rose from 2008 to 2010. In April 2012, he began a relationship with reality TV star Kim Kardashian, marrying her in May 2014. They have four children together and divorced in 2022. In 2022, Kanye briefly dated actress/model Julia Fox.
In January 2023, reports emerged that Kanye and Australian architect Bianca Censori had informally tied the knot during a private ceremony in Beverly Hills.
In October 2021, Kanye received approval to change his legal name to “Ye.”
Kanye West Net Worth 2019
The following is the methodology used to arrive at Kanye West’s 2019 net worth, estimated at $600 million:
Assets:
- Real estate holdings valued at $120 million.
- Music catalog, including G.O.O.D. Music, worth $80 million.
- Yeezy brand valuation at $500 million.
- Other assets totaling $20 million.
Total assets amount to $720 million.
Liabilities and additional considerations equal $100 million.
2019 Net Worth = $600 million (factoring in a conservative $20 million margin of error).
Kanye West Net Worth (Money & Salary)
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The data comprises information from 2023 and 2024, with forecasts extending into 2025 and 2026. Additionally, we broaden the forecast to encompass 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: November 29, 2024
