24.6 C
Nigeria
Saturday, October 23, 2021
- Advertisement -spot_img

KANYE WEST IS NOT THE RICHEST BLACK MAN IN U.S – FORBES

In an article released on Thursday, March 18, 2021, Forbes said publications by several media outlets about Kanye’s latest wealth were false.

 

“It’s not true, based on our calculations. Forbes estimates he’s worth less than a third of that, or $1.8 billion. That’s a big jump from last May when Forbes first pegged his net worth to be $1.3 billion, but nowhere near as much as the purported $6.6 billion,” Forbes said.

 

“Vista Equity’s Robert F. Smith remains the richest Black person in the U.S., worth an estimated $6 billion, while Aliko Dangote of Nigeria, worth $11.8 billion, is the richest Black person in the world.”

 

According to Forbes, these latest figures were an attempt by West to inflate his net worth.

 

“The bank made a number of assumptions based on projected future earnings, particularly for Yeezy Gap, which hasn’t even launched yet. Bank documents like this are well-known for painting best-possible-scenario future valuations,” the article read.

 

Bloomberg released an article where it revealed that Kanye’s sneaker and clothing business now supported by Adidas AG and Gap Inc, is valued between $3.2 billion and $4.7 billion.

More Related Articles

Leave a Reply

Stay Connected

83,456FansLike
540,987FollowersFollow
540,987FollowersFollow
6,547FollowersFollow
39,560FollowersFollow
9,571SubscribersSubscribe
- Advertisement -spot_img

Latest Articles