Forbes refutes claims that Kanye West is the richest black man in America.

On Wednesday, numerous outlets reported that Kanye West is America’s richest Black person, worth up to 6.6 billion dollars. Forbes says these news reports are false.

A report released by Forbes today that states that Kanye West is not worth $6.6 billion as speculated by the Bloomberg report.

Forbes estimates that he’s worth less than a third of that, or $1.8 billion.

SEE ALSO: Kanye West reportedly the richest black man in U.S History after his Net Worth soars to $6.6 Billion

In May 2020, West’s net worth was pegged to be around $1.3 billion, a very huge jump to the purported $6.6 billion.

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

Robert F. Smith - The Giving Pledge
Robert F. Smith

Forbes says that even though the revenues from his sneaker brand, Yeezy increased by 30% last year their report is much more grounded since “it is based on the old-fashioned idea of current revenues—not theoretical future expectations.”

In the report, Forbes mentioned that “while West’s team insists the Yeezy x Gap deal is worth about $1.5 billion and the Bloomberg story says it could be worth as much as $970 million, Forbes isn’t giving this any value until the products start to sell”

They stated that his new fashion brand, Yeezy Gap had brought in no revenue, let alone any profits.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Sponsor

spot_imgspot_img

Latest

14 famous people who went to Achimota School

Achimota School has trained a number of Ghanaians and other Africans who are contributing their quotat to the development of the world

The most stylish first ladies in the world

Creating trends and undoing a few, First Ladies around the world are constantly under public scrutiny as they toe the lines between politics and national leaders.

9 Workwear looks by Serwaa Amihere that can inspire your corporate wardrobe this new year

Serwaa Amihere has been stepping on necks with her office looks since the beginning of time and 2021 promises to be extra.

Nobody rocks evening gowns better than Nana Akua Addo. Here are 10 photos that prove it.

From her over the top face masks to her long flowy gowns, German born Ghanaian fashion icon, Nana Pokuaa Addo stays serving us with some of the most intense and ravishing evening gown looks the world has ever seen

Nana Akua Addo pulled up to Accra Fashion Week’s gala night in a Beyoncé-inspired catsuit

We have no other option than to stan for Nana Akua Addo and her catsuit