Kanye West Net Worth: Is Christian Rapper Really A Billionaire?

Kanye West’s net worth allegedly reached the billion mark. But is it really true?

Forbes puts West's real net worth at $240 million despite the rapper showing "receipts" of his billions. He earned a total of $150 million in 2019, which easily beats runner up Jay Z’s $81 million earnings for the year. Even though there seems little truth to claims of his billionaire status, there is no denying that West is still raking it in from different ventures and partnerships.

His Yeezy brand continues to do well and its partnership with sneaker giant Adidas is estimated to be worth at least $1.5 billion in 2019. The secret behind its commercial appeal, aside from the peculiar designs, is the limited production of every shoe design such as the Yeezy Boost 350 which was sold out immediately after its release.

Money Inc. added that the scarcity pushes the price up to several thousand dollars. Some of the highest selling Yeezy shoes are Adidas Yeezy Boost 350 ‘Black’ which resales for upto $3,400 and Adidas Yeezy Boost 350 ‘Moon Rock’ which carries a price tag of $3,330. The highest selling Yeezys, however, are from his collaborations with Nike before signing with Adidas. The Nike Air Yeezy 2 NRG ‘Wolf Grey/Pure Platinum’ is being sold for $9,100 on reselling platforms.

Aside from his clothing and sneaker brand, the husband of model and TV personality Kim Kardashian released a critically acclaimed album called "Jesus is King." All songs in the album debuted in Billboard's Hot 100, per Billboard. The American rapper surprised many with this religious album and fans were sold. "Jesus is King" delivers his ninth consecutive number one debut on Billboard 100, a feat he shares with fellow rapper Eminem.

West has also started hosting "Sunday Service," a private spiritual gathering in Southern California which has been attended by several A-listers such as Brad Pitt, Dave Chappelle, A$AP Rocky and Katy Perry. Some critics have welcomed the change in him and it seems fans still support him despite his more religious tone.

In his quest to eclipse the billion dollar mark, which Jay Z has already accomplished, West must double his efforts and he is starting to make moves. Recently, he has been acquiring properties and he revealed in an interview that he plans to become “one of the biggest real-estate developers of all time”.

The 42-year-old record producer bought several homes in the past years. He lives with his family in a $60 million mansion in Hidden Hills, California. He and his wife previously lived in a 9,000-square-foot mansion in Bel Air Crest. West also used to own a New York city apartment which he sold for $4.7 million. A Wyoming ranch complete with state of the art facilities worth $14 million was also bought for family gatherings and summer vacation.

West also likes to flex hard for his wife, Kim. He spoils her with Hermes Birkin bags which sell for $9,000 and $500,000. Kardashian West’s engagement ring is allegedly worth $4.5 million. Moreover, Kardashian flaunted a neon Mercedes truck gift from her husband on her social media account which carries a price tag of $240,000.

Kanye West is business-savvy and a certified hitmaker. If his plan to become a real estate developer pushes through, plus his album sales and shoes, it will not be long before he becomes a billionaire.