Kanye West Net Worth (Money & Salary)
Title: Kanye West Net Worth (Money & Salary)
Last Updated: December 5, 2024
Kanye West’s net worth: What is it?
Net worth of Kanye West stands at $400 million, marking him as an American producer, rapper, fashion designer, and entrepreneur. He once reached multi-billionaire status, ranking as one of the three wealthiest self-made black individuals in US history. Kanye shot to fame with the release of his 2004 album The College Dropout. Currently, he holds the title of one of the most successful and awarded musicians globally, boasting 24 Grammy wins from 75 nominations. Recently, he has shifted his focus from music to business, generating at least $100 million yearly from various ventures. The significant portion of his income stems from royalties and earnings tied to his Yeezy brand and partnership with Adidas. However, his controversial remarks and views have led to the loss of several sponsors and collaborations in recent years.
Owning 100% of the Yeezy apparel line, Kanye made money during his adidas partnership by earning a royalty on each dollar of revenue produced. The Yeezy brand accounted for $2 billion in annual revenue and $250 million in profits for Adidas. During the peak of their collaboration, the Yeezy brand was valued between $4 to $5 billion.
In March 2021, a UBS evaluation suggested that Adidas Yeezy could boost Kanye’s net worth by an estimated $3-4 billion. This report also revealed that Kanye’s previous deal with The Gap previously contributed about $1 billion to his net worth.
When determining Kanye West’s net worth in mid-2021, we accounted for the following assets and liabilities:
Assets:
- Real estate assets valued at $120 million
- Music catalogue, including G.O.O.D Music, at $80 million
- Yeezy.com website valued at $100 million
- Yeezy brand valuation at $5 billion
- Gap partnership estimated at $1 billion
- Cash, equities, and additional assets totaling $400 million
Grand total of assets = $6.7 billion
Liabilities and other considerations ≈ $100 million
Net Worth = $6.6 billion
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Career Beginnings and Early Life
Kanye Omari West was born on June 8, 1977, in Atlanta, Georgia. After his parents separated when he was three, he relocated to Chicago, Illinois, with his mother. There, he began his musical exploration after connecting with producer/DJ No I.D., who took him under his wing. He received a scholarship
In 1997, he started attending the American Academy of Art but later shifted to Chicago State University to focus on English studies. However, he left school at the age of 20 to chase his passion for music.
Following his departure from college, West began producing beats for local artists as he developed his unique style. His initial production credits were for the 1996 debut album of Chicago rapper Grave, titled Down to Earth. During this phase, he also worked with artists such as Foxy Brown, Deric “D-Dot” Angelettie, and Harlem World.
Music Career and Rise to Fame
West received a significant opportunity in 2000 when he became a producer for Roc-A-Fella Records, collaborating with notable artists like Ludacris, Alicia Keys, and Janet Jackson. His contributions to Jay-Z’s 2001 album The Blueprint sparked significant interest in his production abilities. The impressive roster of artists he worked with during this time includes Jay-Z, Beyoncé, John Legend, Alicia Keys, and Janet Jackson.
While achieving success as a producer, West’s ultimate aspiration was to become a rapper. In 2001, he successfully persuaded the head of Capitol Records to sign him onto Roc-A-Fella Records after facing rejection from Capitol.
A serious car accident in October 2002, which resulted in a broken jaw, motivated West to record the song Through the Wire, with his jaw wired shut. This track served as a foundation for his debut album, The College Dropout, which leaked months before its planned release in August 2003. He utilized that time to remix, remaster, and make edits, ultimately delaying its release three times. The College Dropout was released in February 2004, receiving widespread critical praise, leading to 10 Grammy Award nominations and eventual triple platinum certification in the US.
As he began crafting his second album, West invested two million dollars into production, even recruiting a live string orchestra. Released in August 2005, Late Registration achieved over 2.3 million sales in the United States by year-end. His following albums include Graduation (2007), 808s & Heartbreak (2008), My Beautiful Dark Twisted Fantasy (2010), a collaboration with Jay-Z titled Watch the Throne (2011), Yeezus (2013), The Life of Pablo (2016), Ye (2018), a collaboration with Kid Cudi named Kids See Ghosts (2018), Jesus is King (2019), and Donda (2021).
The album Yeezus, released in 2013, topped the Billboard 200 chart and also reached #1 on the US R&B and US Rap charts and in four additional countries. Launched in 2016, his album The Life of Pablo also secured the #1 spot on the Billboard 200 chart and reached #2 on the US Rap and US R&B charts. His single “FourFiveSeconds” (featuring Rihanna and Paul McCartney) topped the US R&B chart. He earned six Grammy nominations in 2017. Following this, his album Ye was released in June 2018; however, it became the first record in Kanye’s career not to achieve platinum status.
Beyond his own projects, West has continued to produce and collaborate with various artists, including 6ix9ine, XXXTentacion, Lil Pump, Chance the Rapper, Kid Cudi, and Teyana Taylor. He has also initiated music-related projects such as his weekly “Sunday Service” with the Sunday Service Choir, which has been performed every Sunday since January 2019. Additionally, he worked with contemporary artist Vanessa Beecroft on two operas, Nebuchadnezzar and Mary.
| Kanye West Earnings By Year: | |
| Year | Earnings |
| 2007 | $17,000,000 |
| 2008 | $30,000,000 |
| 2009 | $25,000,000 |
| 2010 | $12,000,000 |
| 2011 | $16,000,000 |
| 2012 | $35,000,000 |
| 2013 | $20,000,000 |
| 2014 | $30,000,000 |
| 2015 | $22,000,000 |
| 2016 | $18,000,000 |
| 2017 | $22,000,000 |
| 2018 | $90,000,000 |
| 2019 | $100,000,000 |
| 2020 | $200,000,000 |
| 2021 | $100,000,000 |
| 2022 | $100,000,000 |
| Total: | $637,000,000 |
(Photo by Kevork Djansezian/Getty Images)
Yeezy
Kanye West has consistently shown a passion for fashion, making history as the first non-athlete to partner with Nike for a shoe deal, debuting his 2009 Air Yeezys sneaker. His collaborations extend to designing footwear for notable brands like Louis Vuitton, Bape, and Giuseppe Zanotti. Furthermore, he showcased two clothing lines during Paris Fashion Week in 2011 and 2012.
In December 2013, Adidas officially revealed its collaboration deal with West. The Yeezy Boost 750 sneaker, in “Light Brown,” was launched on February 14, 2015, and was exclusively available on the Adidas mobile app for New York City residents, selling out in less than 10 minutes. By December 2017, 19 colors and six designs had emerged from the Adidas and Yeezy partnership. Kanye introduced Season 1 of his Yeezy clothing line with Adidas in 2015, quickly followed by Season 2 later that year, and Season 3 in February 2016.
Due to the success of his earlier releases, a long-term agreement with West was announced by Adidas in June 2016. Typically, Kanye receives a 10% royalty on net revenues through Adidas, alongside a higher royalty for merchandise sold via his own site, YeezySupply.com, compared to Adidas.com. His overall average royalty rate is roughly 10%.
As of now, it’s important to highlight that Kanye possesses 100% ownership of the Yeezy apparel line.
G.O.O.D Music
In 2004, Kanye initiated the establishment of G.O.O.D Music, a record label and production firm in collaboration with Sony BMG. The acronym “G.O.O.D” stands for “getting out our dreams.” Artists under this label encompass West himself, John Legend, Common, Big Sean, Pusha T, Q-Tip, Kacy Hill, and Teyana Taylor.
Other Assets and Philanthropy
Kanye is also the owner of KW Foods LLC., which holds the rights to the Fatburger fast-food chain located in Chicago. In January 2012, he announced the founding of DONDA, a creative content firm named in honor of his late mother, Donda West. Moreover, he is a co-owner of the music streaming service Tidal, sharing ownership with notable artists like Jay-Z, Rihanna, Madonna, Chris Martin, and Nicki Minaj, where most stakeholders possess a 3% equity stake.
His charitable endeavors encompass the Kanye West Foundation, which focuses on educating African American and Latino children, and offering support through time, talent, and funding to initiatives like Hurricane Katrina relief, World Water Day, and Live Earth, among others. Following the tragic murder of George Floyd in June 2020, Kanye contributed $2 million to support the Floyd family and other victims of police violence, including Ahmaud Arbery and Breonna Taylor.
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Real Estate
Approximately $100 million worth of real estate (including land, buildings, and homes) is owned by Kanye West in the United States. Below is a summary of his significant real estate transactions.
During their marriage, Kanye and Kim’s main residence was a vast estate located in the LA suburb of Hidden Hills, California. This estate comprises several connected parcels, the initial one being acquired in 2014 through two transactions totaling $23 million. The property originally featured a newly constructed mansion on 4.5 acres. Over several years, the couple invested millions customizing, rearranging, and expanding their home. In 2019, they further extended their estate by purchasing two neighboring properties, resulting in a combined 7.5-acre property. A remarkable $28.5 million has been allocated solely for the real estate transactions that formed the Hidden Hills estate, with tens of millions more poured into renovations. The estate’s current assessed value exceeds $60 million. In September 2021, Kim transferred the property into her name, paying Kanye $23 million, of which approximately $3 million was for the home’s interior contents.
Kanye made a purchase of $57.3 million for a beachfront property in Malibu in September 2021. Designed by Tadao Ando, this home was constructed in 2013 for Wall Street tycoon Richard Sachs, who dedicated seven years to obtaining permits and finishing the construction. The completed residence spans 4,000 square feet and consists of 1,200 tons of concrete, 200 tons of steel, and features 12 pylons driven 60 feet into the sand. Sachs listed the property in 2020 for $75 million, but Kanye never inhabited it. In December 2023, he listed it for $53 million. According to the listing agent, prospective buyers should be ready to invest “several million dollars” to make the house livable due to unfinished construction projects initiated by Kanye. Here is a drone video tour of the Malibu mansion:
Additional real estate holdings include:
- A 320-acre estate located on Stokes Canyon Road in Calabasas valued at $16 million, where he has hosted his Sunday Services and made an unsuccessful attempt to construct a series of domed structures before being halted by the LA County Building Commission due to permit issues.
- A 6,700-acre ranch named Bighorn Mountain Ranch in Wyoming, approximating $15 million.
- A commercial property in Cody, Wyoming valued at $2 million.
- Kanye West owns his childhood residence in Chicago, which he restored in 2023.
In late 2019, Kanye acquired an additional ranch in Wyoming called Monster Lake Ranch for $14 million. He sold this ranch in June 2024.
Personal Life
Between 2002 and 2008, West was in an on-and-off relationship with designer Alexis Phifer. From 2008 to 2010, he dated model Amber Rose. In April 2012, he started dating reality television star Kim Kardashian, marrying her in May 2014. Together, they have four children, but they divorced in 2022. For a short time in 2022, Kanye also dated actress/model Julia Fox.
Reports in January 2023 indicated that Kanye and Australian architect Bianca Censori were informally married in a private ceremony in Beverly Hills.
Kanye had his legal name changed to “Ye” in October 2021.
Kanye West Net Worth 2019
The following is the breakdown used to calculate Kanye West’s 2019 net worth of $600 million:
Assets:
- Real estate holdings = $120 million
- Music catalog including G.O.O.D Music = $80 million
- Yeezy brand value = $500 million
- Other assets = $20 million
Total assets amount to = $720 million
Liabilities and other factors = $100 million
Total Net Worth in 2019 = $600 million (with a conservative margin of error of $20 million)
Kanye West Net Worth (Money & Salary)
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Data is from 2023 and 2024, with projections extending to 2025 and 2026. We also widen our projections to include years 2027 and 2028.
* This information was taken from various sources around the world, including these countries:
Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.
Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.
Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.
Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.
Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.
Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.
Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.
Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.
Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.
Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.
Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.
Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.
Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.
Post Title: Kanye West Net Worth (Money & Salary)
Last Updated: December 5, 2024
