Renowned American rapper, Kanye West has become the richest African American in the United States.
According to Bloomberg, Music producer is officially worth $6.6 billion, which makes him the richest Black man in America’s history.
The fashion mogul became a certified billionaire with the help of his successful apparel and sneaker brand, Yeezy and a new multi-year contract with Gap (NYSE: GPS +1.64%) around the same time last year.
On his business, West’s Yeezy brand is valued at $3.2 to $4.7 billion Business of Fashion confirms.
Considering West’s quest to always get the best in his business, his new Yeezy Gap line which is expected to be worth more than $970 million is set to be released later this summer.
West’s personal net worth is attributed to his recent business decisions and the $1.7 billion that he pockets from additional assets, including his significant investment into his soon-to-be ex-wife’s Skims label.
West has $122 million in cash and stock, while his entire music catalogue is worth $110.5 million, an unaudited balance sheet of West’s finances has also reveals.