Kanye West Managed To Get Out Of $53 million In Debt
"What, like it's hard?"
You can call Kanye West a lot of things, but you can't call him a bad businessman. On Tuesday, Forbes unveiled their latest cover featuring Mr. West, who they estimated made $150 million over the past 12 months (his team insisted "the number is even higher"), making him the third highest-paid entertainer over the last year.
The feat is huge in its own right, but when you weigh in the fact that just three years ago Ye claimed to be in $53 million in debt... it's MONUMENTAL. So, how'd he do it? Well, that's still up for debate, but according to Forbes, Kanye's fortune can greatly be attributed to his Yeezy brand and partnership with Adidas. "I'm just blessed through the grace of God to go from tweeting at Mark Zuckerberg" to ask for money, he said, to where he is today. (Who could forget that cringy tweet where Ye asked the Facebook founder to invest $1 billion in his "ideas?")
Back in August, The Blast reported that Ye was just shy of joining the billionaire club, claiming that Kanye's Yeezy brand had just reached a valuation of nearly $1.5 billion. The site cited the fact that Kanye was a majority stakeholder of the fashion label as further proof he was right at the line of being considered a billionaire.
While Forbes reported that Ye still hasn't earned the billionaire title just yet, the mag added "the never-modest" Mr. West would certainly "claim he’s there already. And then some."
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Article: Lauren Crawford