Kanye West Net Worth (Money & Salary)
Title: Kanye West Net Worth (Money & Salary)
Last Updated: December 1, 2024
Kanye West’s Net Worth: What is it?
An American producer, rapper, fashion designer, and entrepreneur, Kanye West has amassed a net worth of $400 million. At one point, as a multi-billionaire, he ranked among the three wealthiest self-made black individuals in U.S. history. Kanye first gained significant recognition with the launch of his 2004 album The College Dropout. Currently, he stands as one of the globe’s most accomplished and decorated musicians, boasting 24 Grammy awards from 75 nominations. In more recent times, he has transitioned from music to business, earning a minimum of $100 million annually through various ventures. Most of his income has stemmed from royalties and revenues associated with his Yeezy brand and partnership with Adidas. However, his outspoken opinions and controversies have led to the loss of several sponsors and partnerships over the last several years.
Kanye maintains complete and total ownership of the Yeezy apparel line. During his collaboration with Adidas, he received a royalty for every dollar generated in revenue. The Yeezy brand produced $2 billion in annual sales, contributing $250 million in profit for Adidas. At the height of his partnership with the company, the Yeezy brand was valued at approximately $4 to $5 billion on its own.
A March 2021 UBS valuation suggested that Yeezy would increase Kanye’s net worth by an estimated $3 to $4 billion. Additionally, the same report indicated that Kanye’s previous deal with The Gap reportedly added $1 billion to his net worth.
In the assessment of Kanye West’s net worth in mid-2021, the following assets and liabilities were considered:
Assets:
- Real estate holdings = $120 million
- Music catalog, including G.O.O.D Music = $80 million
- Yeezy.com website = $100 million
- Valuation of the Yeezy brand = $5 billion
- Value from 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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Beginnings of Early Life and Career
Kanye Omari West entered the world on June 8, 1977, in Atlanta, Georgia. Following his parents’ divorce when he was merely three years old, he relocated with his mother to Chicago, Illinois. There, he started to delve into music, influenced by meeting the producer/DJ No I.D., who became his mentor. He was awarded a scholarship
He initially 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 focus on his music ambitions.
Post his college departure, West commenced crafting beats for local musicians while perfecting his personal sound. His earliest official production credits came from the debut album of Chicago rapper Grave, Down to Earth, released in 1996. 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 experienced his significant breakthrough by becoming a producer 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 West’s production abilities. His production credits from this era include an impressive roster featuring Jay-Z, Beyoncé, John Legend, Alicia Keys, and Janet Jackson.
Although he achieved success as a producer, West’s primary aspiration was to become a rapper. In 2001, after being turned down by Capitol Records, he successfully persuaded its head to sign him to Roc-A-Fella Records.
A severe car accident in October 2002, which resulted in a shattered jaw, motivated West to create the song Through the Wire while he was still recovering with his jaw wired shut. This track became the foundation for his debut album, The College Dropout, which leaked prior to its planned release in August 2003. West utilized the intervening time to remix, remaster, and edit the album, delaying its launch three times. Ultimately, The College Dropout was released in February 2004, receiving widespread acclaim and earning him ten Grammy Award nominations, with the album eventually achieving triple platinum status in the US.
As he embarked on creating his second album, West invested two million dollars into production, even hiring a live string orchestra. Late Registration was released in August 2005 and sold over 2.3 million units in the United States by year-end. His following albums include Graduation (2007), 808s & Heartbreak (2008), My Beautiful Dark Twisted Fantasy (2010), Watch the Throne (2011, a collaboration with Jay-Z), Yeezus (2013), The Life of Pablo (2016), Ye (2018), Kids See Ghosts (2018, a collaboration with Kid Cudi), Jesus is King (2019), and Donda (2021).
The album Yeezus was released by West in 2013, achieving the #1 position on the Billboard 200 chart along with topping the US R&B and US Rap charts, as well as dominating charts in four other countries. In 2016, The Life of Pablo was launched, securing the #1 spot on the Billboard 200 chart and #2 on the US Rap and US R&B charts. The single “FourFiveSeconds” (performed with Rihanna and Paul McCartney) reached #1 on the US R&B chart. In 2017, West received six Grammy nominations. His subsequent album, Ye, was released in June 2018, but unfortunately, it marked the first time in West’s career that an album did not achieve platinum status.
Beyond his albums and individual releases, West has consistently served as a producer and featured artist for various musicians, collaborating with 6ix9ine, XXXTentacion, Lil Pump, Chance the Rapper, Kid Cudi, and Teyana Taylor. Additionally, he has been involved in numerous music-related ventures, including his weekly orchestration “Sunday Service” with the Sunday Service Choir, which has been performed every Sunday since January 2019. He also partnered 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
For many years, West has demonstrated a passion for fashion, becoming the first non-athlete to secure a shoe deal with Nike, beginning with his release of the 2009 Air Yeezys sneaker. Moreover, he has collaborated on footwear designs with brands like Louis Vuitton, Bape, and Giuseppe Zanotti. Furthermore, he unveiled two clothing lines at Paris Fashion Week during 2011 and 2012.
In December 2013, Adidas made an official announcement regarding its collaboration with West for shoe designs. The initial release of the Yeezy Boost 750 sneaker in the “Light Brown” color took place on February 14, 2015, and was only accessible via the Adidas mobile app for residents of New York City, selling out in just 10 minutes. By December 2017, there had been a total of 19 color variations and six designs released through the Adidas and Yeezy collaboration. West debuted Season 1 of his Yeezy clothing line with Adidas in 2015, followed by Season 2 later that same year and Season 3 in February 2016.
After achieving significant success with his early releases, a long-term contract was announced by Adidas with West in June 2016. He typically earns a royalty of about 10% on net revenues sourced from Adidas. His earnings from merchandise sold on his own website, YeezySupply.com, yield a higher royalty compared to those sold on Adidas.com. His overall average royalty rate hovers around 10%.
It’s important to point out that Kanye currently possesses complete ownership over the Yeezy apparel line as of this date.
G.O.O.D Music
Kanye established the music label and production company G.O.O.D Music in 2004 in partnership with Sony BMG. The acronym “G.O.O.D” stands for “getting out our dreams.” The label boasts various artists, including West himself, John Legend, Common, Big Sean, Pusha T, Q-Tip, Kacy Hill, and Teyana Taylor.
Other Assets and Philanthropy
Additionally, he owns KW Foods LLC., the entity that holds the rights to the Fatburger fast-food brand in Chicago. In January 2012, West unveiled the creation of DONDA, a creative content firm named in honor of his late mother, Donda West. Furthermore, he is a co-owner of the music streaming platform Tidal, collaborating with high-profile artists such as Jay-Z, Rihanna, Madonna, Chris Martin, and Nicki Minaj, most of whom possess a 3% equity stake.
West’s charitable efforts are further reflected in the Kanye West Foundation, which aims to enhance educational opportunities for African American and Latino children. He has also contributed time, resources, and funding to initiatives like Hurricane Katrina relief, World Water Day, and Live Earth, among various other organizations. In June 2020, following the murder of George Floyd, Kanye donated $2 million, which was allocated between Floyd’s family and other victims of police brutality, including Ahmaud Arbery and Breonna Taylor.
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Real Estate
Kanye West has an estimated $100 million in real estate assets across the United States, which includes land, buildings, and homes. Below is a summary of his significant real estate ventures.
While married, Kim and Kanye resided in a vast estate located in Hidden Hills, California. This property comprises several interconnected parcels, the initial one being purchased in 2014 through two transactions totaling $23 million. The first version of their estate featured a newly constructed mansion spread over 4.5 acres. Over the years, the couple invested millions customizing, rearranging, and expanding their home. In 2019, they made two additional purchases of neighboring properties, amplifying their estate to a combined 7.5 acres. They spent an impressive $28.5 million on real estate deals to develop the Hidden Hills estate, with tens of millions more allocated for renovations. The current assessed value of the Hidden Hills estate stands at over $60 million. In September 2021, Kim compensated Kanye with $23 million to officially transfer ownership of the property to her; approximately $3 million of this sum went towards the home’s interior furnishings.
Kanye acquired a beachfront property in Malibu in September 2021 for $57.3 million. This residence was designed by Tadao Ando and was built in 2013 for Richard Sachs, a Wall Street executive. Sachs spent seven years obtaining permits and finalizing the construction. The completed house encompasses 4,000 square feet and incorporates 1,200 tons of concrete, 200 tons of steel, and is supported by 12 pylons driven 60 feet into the sand. Sachs listed the property for sale in 2020 for $75 million. Kanye, however, never took up residence there and listed it in December 2023 for $53 million. According to the listing agent, prospective buyers should be ready to invest “several million dollars” to make the property habitable due to Kanye’s unfinished construction work. Below 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, serving as the venue for his Sunday Services and where he attempted to build a series of domed structures until halted by the LA County Building Commission due to permit issues.
- A ranch in Wyoming named Bighorn Mountain Ranch, spanning 6,700 acres, worth $15 million.
- A commercial property in Cody, Wyoming, valued at $2 million.
- Kanye also possesses his childhood home in Chicago, which he completed restoring in 2023.
Kanye made a $14 million purchase of another ranch in Wyoming, dubbed Monster Lake Ranch, in late 2019. He sold this property in June 2024.
Personal Life
From 2002 to 2008, West was in an on-and-off relationship with designer Alexis Phifer. Following that, he dated model Amber Rose from 2008 until 2010. In April 2012, he started a relationship with reality star Kim Kardashian, and they wed in May 2014. The couple has four children together but divorced in 2022. In 2022, Kanye briefly dated actress/model Julia Fox.
Reports in January 2023 indicated that Kanye and Australian architect Bianca Censori had undergone an informal marriage ceremony in Beverly Hills.
Kanye was granted the legal name change to “Ye” in October 2021.
Kanye West Net Worth 2019
The following is the breakdown that was used to estimate Kanye West’s net worth of $600 million in 2019:
Assets:
- Real estate assets valued at $120 million
- Music catalog, including G.O.O.D Music, estimated at $80 million
- Yeezy brand’s worth is approximately $500 million
- Other assets totaling $20 million
Overall asset value = $720 million
Liabilities and other considerations = $100 million
Net Worth in 2019 = $600 million (with a cautious margin of error 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 is sourced from 2023 and 2024, with forecasts extending into 2025 and 2026. Additionally, we expand our outlook to 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 1, 2024
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