KANYE West’s net worth could reportedly top $6billion thanks to sales of his Yeezy sneakers and shares in Kim Kardashian’s line SKIMS. The rapper, 43 – who is in the midst of a divorce battle with Kim – has also landed an apparel deal with Gap worth a rumored $1billion. Kanye‘s Yeezy range with Adidas […]
KANYE West’s net worth could reportedly top $6billion thanks to sales of his Yeezy sneakers and shares in Kim Kardashian’s line SKIMS.
The rapper, 43 – who is in the midst of a divorce battle with Kim – has also landed an apparel deal with Gap worth a rumored $1billion.
Kanye‘s Yeezy range with Adidas has surged in sales over the past year, according to financial documents obtained by The Post.
The value of his streetwear empire has skyrocketed during the pandemic as Kanye grabs headlines with his marriage woes.
The Sun exclusively reported last month that Kanye’s Yeezy kicks are selling for $17,000 a pair – thousands more than they originally retailed for.
The sneaker brand is now worth as much as $3.7billion based on valuations of similar brands like Supreme, according to investment bank UBS.
Sales grew by 31 per cent to nearly $1.7 billion in annual revenue last year, giving Yeezy $191 million in royalties, the outlet claimed.
By the end of Kanye’s deal with Adidas, revenue is expected to hit a whopping $3.1billion.
Meanwhile, Kanye’s upcoming apparel line with Gap – which is tipped to launch this summer – is valued at nearly $1 billion.
Both ventures are owned wholly by Kanye, the Post reported.
The Heartless rapper also has shares in Kim‘s SKIMS underwear line, estimated at a reported $1.7 billion.
Kanye – who has four kids with Kim – has racked up a music catalog worth an estimated $110million and cash and stock worth $122million, according to Bloomberg.
Kim officially filed for divorce from Kanye last month, after almost seven years of marriage.
She is asking for joint legal and physical custody of the couple’s children, TMZ previously reported.
They are parents to daughters North, seven, Chicago, three, and sons Saint five, and Psalm, one.
Sources exclusively told The Sun that their divorce has been “all amicable” as they prepare to divide up their fortune.
However, if Kanye makes any public attacks on Kim or her family, the proceedings could soon get ugly.
An insider told The Sun: “Kim is in the driving seat. If Kanye makes things difficult by badmouthing her or acting out, she’ll go for more money and full custody of their brood.”
They added: “Mud-slinging in public won’t work for their family in the long term. They want to split their wealth evenly and keep their kids in the luxurious lifestyle they are accustomed to.”
At least some of the drama will play out on the final season of Keeping Up With The Kardashians, which has been filming over the past six months, and the family’s new Hulu series.
Fans have been speculating as to who Kim will date next, and have suggested the likes of Brad Pitt, CNN reporter Van Jones and even SNL comedian Pete Davidson.
