What Is Kanye West Net Worth In 2020?
- Kanye West Net Worth
- Kanye West net worth in 2020
- How is Kanye West’s net worth influenced by his music career?
- How much of Kanye West’s net worth is due to Yeezy?
- Early Life and Career Beginnings
- Rise to Fame and Music Career
- G.O.O.D Music
- Other Assets and Philanthropy
- Kanye West Personal Life
- Kanye West Net Worth 2019
- Real Estate
Kanye West Net Worth
|Net Worth:||$3.2 Billion|
|Date of Birth:||Jun 8, 1977 (43 years old)|
|Height:||5 ft 8 in (1.73 m)|
|Profession:||Record producer, Songwriter, Singer, Actor, Film Producer, Rapper, Businessperson, Screenwriter, Fashion designer, Music Video Director|
|Nationality:||United States of America|
Kanye West net worth in 2020
Kanye West is an American producer, rapper, fashion designer, and entrepreneur. Kanye gained widespread fame upon the release of his 2004 album The College Dropout. Today he is one of the most successful and awarded musicians on the planet with 21 Grammy wins out of 69 nominations. In recent years he has pivoted away from music towards the business world. His Yeezy/Adidas partnership has earned West a sizable fortune.
We must now realize the promise of America by trusting God, unifying our vision and building our future. I am running for president of the United States 🇺🇸! #2020VISION
— ye (@kanyewest) July 5, 2020
As of 2020, Kanye West’s net worth is $3.2 billion.
When combined with his wife Kim Kardashian, the couple has a net worth of at least $4.1 billion.
In recent years Kanye has earned at least $100 million from his various endeavors. The vast majority of his earnings have come from royalties and other earnings related to his Yeezy brand and Adidas partnership.
Yeezy separately owns his own Yeezy apparel line outright 100% but earns a royalty on the sales which are reportedly north of $1.5 billion per year. According to several articles in 2020, notably one in the Wall Street Journal and a GQ cover story, Yeezy is a $3 – $4 billion brand which would potentially put Kanye on track to be a billionaire. In a March 2020 article in the Wall Street Journal, Kanye said Yeezy was worth $3 billion and would ultimately be a $50 billion brand. The article’s author, Christina Binkley, mentioned that she had reviewed documents which reflected the a $3 billion potential valuation for the Yeezy brand.
In assessing Kanye West’s net worth, we have considered the following assets and liabilities:
- Real estate assets = $120 million
- Music catalogue including G.O.O.D Music = $80 million
- Yeezy.com website = $100 million
- Value of Yeezy brand = $3 billion
- Other assets = $20 million
Total assets = $3.32 billion
Liabilities and other considerations = $100 million
Net Worth = $3.2 billion (with a conservative $20 million error margin)
How is Kanye West’s net worth influenced by his music career?
In a September 2019 Forbes report, Kanye West’s net worth placed him as the highest-paid rapper in hip-hop that year. They calculated an estimated income of around $150 million after deducting fees for agents, managers, and lawyers based on pretax income documentation. For some context, Jay-Z—who was reported as the hip-hop industry’s second-highest-paid artist in the Forbes article—made an estimated $81 million in 2019 in comparison. So it’s safe to say that Kanye’s net worth is doing just fine thanks to his longstanding music career. However, music isn’t the only thing going for Kanye—and it may not even be the big moneymaker.
How much of Kanye West’s net worth is due to Yeezy?
Kanye’s stake in his Yeezy line actually constitutes most of his net worth, according to Forbes. In their April 2020 update to Kanye West’s net worth, the publication explains that Kanye “has created a brand that’s challenging Nike’s Air Jordan for sneaker world supremacy,” and as such, it should come as no surprise that the brand made an estimated revenue of about $1.3 billion in 2019 alone. Kanye, who technically owns 100% of the brand, is estimated to take home an 11% royalty from Adidas (who is behind the production, marketing, and distribution of Yeezy footwear), which amounts to over a $140 million salary from Yeezy sales in 2019 alone.
Early Life and Career Beginnings
Kanye Omari West was born on June 8, 1977 in Atlanta, Georgia. Following his parents’ divorce when he was three, West moved with his mother to Chicago, Illinois. There, he began experimenting with music after meeting producer/DJ No I.D., who mentored him. He received a scholarship to attend the American Academy of Art in 1997, but transferred to Chicago State University to study English. Eventually, he dropped out of school at age 20 to pursue his music career.
After dropping out of college, West began making beats for local artists while he honed his own style. His first official production credits were for the debut album of Chicago rapper Grave, Down to Earth, in 1996. Other artists he produced for during this period include Foxy Brown, Deric “D-Dot” Angelettie, and Harlem World.
Rise to Fame and Music Career
In 2000, West got his big break when he began to work as a producer for Roc-A-Fella Records, working with artists including Ludacris, Alicia Keys, and Janet Jackson. His work on Jay-Z’s 2001 album The Blueprint generated serious interest in West’s talents as a producer. His production credits from this time period include an impressive roll call of talent including Jay-Z, Beyoncé, John Legend, Alicia Keys and Janet Jackson.
Despite his success as a producer, West’s main dream was to be a rapper. In 2001, he managed to convince the head of Capitol Records to sign him to Roc-A-Fella Records after being denied a contract with Capitol Records.
After a serious car crash in October 2002, where he shattered his jaw, West was inspired and recorded the song Through the Wire with his jaw still wired shut. This song laid the foundations for his debut album The College Dropout, which was leaked months before its scheduled release date in August 2003. West used the time to remix, remaster, and edit it, postponing its release three times. The College Dropout was eventually released in February 2004 to widespread critical acclaim, earning him 10 Grammy Award nominations, and eventually certified triple platinum in the US.
As he began working on his second album, West invested two million dollars into the production, even hiring a live string orchestra. Late Registration was released in August 2005, selling over 2.3 million units in the United States by the end of the year. His subsequent albums include Graduation (2007), 808s & Heartbreak (2008), My Beautiful Dark Twisted Fantasy (2010), collaboration album with Jay-Z Watch the Throne (2011), Yeezus (2013), The Life of Pablo (2016), Ye (2018), and Jesus is King (2019).
West released the album Yeezus in 2013. The album reached #1 on the Billboard 200 chart as well as on the US R&B and US Rap charts and in four other countries. His album The Life of Pablo was released in 2016 and reached #1 on the Billboard 200 chart and #2 on the US Rap and US R&B charts. West’s single “FourFiveSeconds” (with Rihanna and Paul McCartney) reached #1 on the US R&B chart. In 2017 he was nominated for six Grammy Awards. His next album, Ye was released in June 2018. Unfortunately, Ye was the first album in Kanye’s career to not go platinum.
In addition to his own albums and releases, West has continued working as a producer and featuring artist for other musicians, including 6ix9ine, XXXTentacion, Lil Pump, Chance the Rapper, Kid Cudi, and Teyana Taylor. Other music-related projects he has pursued include his weekly “Sunday Service” orchestration with the Sunday Service Choir, where they have performed every Sunday since January 2019. He also collaborated with contemporary artist Vanessa Beecroft on two operas, Nebuchadnezzar and Mary.
|Kanye West Earnings By Year:|
West has long expressed his interest in fashion, and was the first non-athlete to score a shoe deal with Nike with his 2009 Air Yeezys sneaker. He has also designed footwear with Louis Vuitton, Bape, and Giuseppe Zanotti. Additionally, he released two clothing lines at Paris Fashion Week in 2011 and 2012.
In December 2013, Adidas officially announced its new shoe collaboration deal with West. The Yeezy Boost 750 sneaker in “Light Brown” was first released on February 14, 2015, exclusively available on the Adidas mobile app to those in New York City, and sold out within 10 minutes. As of December 2017, a total of 19 colors and 6 designs had been released in the Adidas and Yeezy sneaker collaboration. In 2015, West premiered Season 1 of his Yeezy clothing line with Adidas. Season 2 quickly followed later that year, with Season 3 in February 2016.
Following the success of his early releases, Adidas announced a long-term contract with West in June 2016. On average Kanye earns a 10% royalty on net revenues from Adidas. He earns a high royalty for merchandise sold through his own website YeezySupply.com, as opposed to Adidas.com. His blended average royalty rate is around 10%.
It should be noted that Kanye owns 100% of the Yeezy apparel line outright as of this writing.
In 2004 Kanye founded the record label and production company G.O.O.D Music with Sony BMG. “G.O.O.D” is an acronym for “getting out our dreams.” Artists signed to the label include West himself, John Legend, Common, Big Sean, Pusha T, Q-Tip, Kacy Hill and Teyana Taylor.
Other Assets and Philanthropy
He also owns the company KW Foods LLC., which owns the rights to the Fatburger fast-food chain in Chicago. In January 2012, West announced the establishment of DONDA, a creative content company named after his late mother Donda West. Additionally, West is a co-owner of the music streaming service Tidal, along with other music artists such as Jay-Z, Rihanna, Madonna, Chris Martin, and Nicki Minaj. Most of the stakeholders involved own a 3% equality stake.
His philanthropic ventures include the Kanye West Foundation, which benefits education for African American and Latino children, in addition to contributing time, talent and money to Hurricane Katrina relief, World Water Day, and Live Earth, among other organizations.
Kanye West Personal Life
West had an on-and-off relationship with designer Alexis Phifer that lasted from 2002 to 2008, and he dated model Amber Rose from 2008 to 2010. He began dating reality star Kim Kardashian in April 2012, and they were married in May 2014. Together, the couple have four children.
Kanye West Net Worth 2019
Below is the calculation we used to determine Kanye West’s 2019 net worth of $600 million:
- Real estate assets = $120 million
- Music catalog including G.O.O.D Music = $80 million
- Value of Yeezy brand = $500 million
- Other assets = $20 million
Total assets = $720 million
Liabilities and other considerations = $100 million
2019 Net Worth = $600 million (with a conservative $20 million error margin)
Kanye West owns around $120 million worth of real estate in the US (land, buildings, and homes). The Kim/Kanye primary residence is an expansive estate in the LA suburb of Hidden Hills, California. This estate consists of multiple connected parcels, the first of which were acquired in 2014 in two separate transactions for $23 million. The first iteration of their property featured a newly-built mansion on 4.5 acres. The couple proceeded to spend millions of dollars over several years customizing, re-arranging, and expanding the home. In 2019 they expanded their estate with two separate transactions for neighboring properties to create a conjoined 7.5-acre behemoth.
A staggering $28.5 million has been spent on real estate transactions alone to create the Hidden Hills estate. Tens of millions more have been spent on renovations.
Their Hidden Hills estate’s current assessed value is north of $70 million.
Other real estate assets include:
- A 320-acre estate on Stokes Canyon Road in Calabasas that is worth $16 million. This is where his Sunday Services have been held and where he attempted to build a series of domed structures before being shut down by the LA County building commission for permit issues.
- A 6,700-acre ranch called Bighorn Mountain Ranch in Wyoming – $15 million
- A 1,400-acre ranch called The Monster Lake Ranch – $14 million
- A $2 million commercial property in Cody, Wyoming
In total, he owns $90 million worth of California real estate and $30 million in Wyoming real estate, for a total of $120 million that’s in the public record.
As of 2020, Kanye West’s net worth is $3.2 billion. He is arguably the most influential musical artist of the last several decades. He has also branched out to philanthropic efforts and a fashion empire through his Yeezy brand.