What is Kanye West Net Worth? , Check Now
Check Kanye West Net Worth:Kanye West is worth an estimated $145 million, but his actual net worth is hard to pin down. In 2013, he claimed to be $53 million in debt. However, that number includes past-due child support payments.
Kanye West has rapped about his wealth in songs like Gold Digger and revealed he spent $3 million on his wedding to Kim Kardashian, but where does he get his money from? What did the rapper spend that wedding money on? How much has he earned? Let’s take a look at Kanye West’s net worth and how the rapper makes and spends his money.
Where Does The Kanye West Net Worth Come From?
Kanye’s a commercial success as a solo artist is relatively recent, but he’s been working professionally in music since he was a teenager. He released his first album in 2004, but things took off in 2007 when he became one-half of Daft Punk. Since then, Kanye has headlined huge tours and released some hit singles. Kanye has come a long way from being broke to becoming one of Forbes Top 100 Highest Paid Celebrities (2012) with an estimated net worth of $45 million. Where does all that money come from? Learn more about his sources of income below!
Where Does The Kanye West Net Worth Go?
Kanye West is worth an estimated $145 million, but his actual net worth is hard to pin down. In 2013, he claimed to be $53 million in debt. However, that number includes past-due child support payments (which Kanye’s legal team has said he should not have to pay). Aside from his professional earnings, he also makes money through investments. For example, Kanye reportedly made 10 million dollars in 2013 when Facebook bought startup Wink. He also owns 15% of the music streaming service Tidal, which was recently acquired by Jay-Z.
Sources of Kanye West Net Worth
Like many of today’s stars, Kanye West has several revenue streams. He sells out stadium shows with his signature over-the-top stage show. He makes millions as a fashion designer at Yeezy, which is part of Adidas. He is also one of music’s highest-paid producers, working with artists like Jay Z and Rihanna to craft multi-platinum hits like Run This Town and Umbrella. The rapper earns money from songwriting royalties on those big singles. And finally, he earns millions in album sales per year—last year he earned $7 million in sales according to Forbes magazine.
Home & Property Value
Kanye has at least two homes in Calabasas, Calif., where he lives with his wife Kim Kardashian, daughter North and son Saint. In 2015, celebrity net worth estimates that one of Kanye’s homes is worth $10 million while another home is worth $5 million. The home that is valued at $10 million includes an entertainment area with a bar, game room, and pool table. It also has a guest house on a hilltop property with views of Los Angeles. When Kanye purchased his second home for $7 million in 2012, it included seven bedrooms, eight bathrooms, and two staircases. As for what he spends most of his money on?
A signature Kanye West moment occurred in February 2007, when he crashed his Maybach 57 into a pole. The total cost of repairs was $250,000. This led to a brief hiatus from driving for Yeezy, although it didn’t last long. Since then, he’s had multiple accidents including a collision with a Kia that resulted in his Mercedes getting written off (worth an estimated $250k). A few years ago, Kanye crashed another Mercedes while driving with Kim Kardashian on board (estimated damage cost: around $60k). It doesn’t appear as though Yeezy will be slowing down anytime soon either; he’s been spotted behind the wheel of everything from Ferrari 458s to Bentleys to Lamborghinis.
Career & Earnings
Musician Kanye West was born on June 8, 1977, in Atlanta, Georgia. Raised in Chicago’s South Shore neighborhood, he began his career performing with fellow Chicago rapper Louis Farrakhan. He released his debut album The College Dropout in 2004 to widespread acclaim and has since released five more albums including 2005’s Late Registration, 2007’s Graduation, 2010’s 2010sutiful Dark Twisted Fantasy, and 2013’s Yeezus as well as a collaborative album with Jay-Z titled Watch The Throne. Along with his music career, he has also appeared in several films including 2004’s The College Dropout Video Anthology (which featured some of his early work), 2005’s Two Weeks Notice starring Sandra Bullock and 2002’s MTV reality show Freshmen Year.
In addition to his Yeezy Boost line, ‘Ye has jumped on several new businesses as of late. He’s got his hands in everything from footwear (he’s collaborated with high-end fashion house Giuseppe Zanotti) to music streaming (via Tidal) to cosmetics (he also created his fragrance for Parlux Limited). Most recently, ‘Ye invested in Arby’s—and became creative director for its advertising. While these ventures don’t contribute directly to Kanye’s net worth, they could certainly help him diversify his cash flow. Plus, some might say that Scooby Snacks is still a better ad campaign than most companies’ actual ads.
Fashion Lines, Endorsements & Sponsorships
Kanye West is a notoriously big spender. The rapper’s lavish taste in clothes, cars, art, jewelry, and houses keep his finances in check with millions of dollars coming in from lucrative endorsement deals with companies like Nike (NYSE:NKE), Sony (NYSE:SNE), and Louis Vuitton. The rap artist has also had success starting his clothing lines including Pastelle and DONDA. This writer would be remiss not to mention his lavish lifestyle that includes rides like a Maybach 57S for which he spent nearly $400,000 on renovations alone!
A Chicago native, Kanye West dropped out of college in 2001 to pursue a career in music. Just four years later, he released his debut album, The College Dropout. Debuting at No. 2 on Billboard 200, it was eventually certified triple platinum. He has since released five more albums: Late Registration (2005), Graduation (2007), 808s & Heartbreak (2008), My Beautiful Dark Twisted Fantasy (2010), and Yeezus (2013). Kanye has sold more than 21 million albums worldwide and received more than 35 Grammy nominations throughout his career. In 2008, he was ranked by Time as one of the 100 most influential people in America. As of 2016, he has a net worth of 70 million dollars according to Forbes data.
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