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Rapper Kanye West Officially Becomes A Billionaire – Forbes

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Rapper Kanye West; U.S rapper and music producer, has joined the exclusive club of hip-hop billionaires, according to business magazine Forbes.

Its could be recalled; Kanye west said sometimes ago. ” I got all wealth from the Devil but JESUS IS THE KING”

Kanye West becomes the second hip hop star after Jay Z, to be certified a billionaire by the magazine.

Last year, his 15-percent royalty from his Yeezy footwear sales (in partnership with Adidas) fetched him roughly $140 million.

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“Conservatively, typically with such figures, a 10x multiple, applied to West’s Yeezy cut of $140 million makes his stake worth about $1.4 billion,” Forbes reported.

“But that’s private, highly-illiquid $1.4 billion – our rule of thumb for private assets like that is to lop off at least 10%. That’s $1.26 billion.”

According to the report, A breakdown of some of the assets Kanye’s team made available to Forbes showed $81 million in “buildings and improvements,” $21 million in land, $3.8 million for “vehicles,” and $297,050 for “livestock”.

The rapper’s G.O.O.D music label, recorded songs, and publishing rights are estimated at about $90 million, according to Channels.

Ever since the time of the official announcement by Forbes, Kanye west has been trending online.

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