Kanye Can’t Be Satisfied
Forbes may have finally declared Kanye a billionaire, but he’s not going to leave it there.
Although Kanye has claimed billionaire status before, this claim was not recognized by the organization that makes the finances of the world’s 1% known, until now. It’s no secret that Kanye has had a complicated relationship to monetary success, claiming in 2015, via Twitter, that he was $16 million dollars in debt and again in 2016 that he had incurred another $37 million in debt. Kanye’s fascination with self-made success is another facet of his public persona that has been unthwarted throughout his career. His breakout freshman album “The College Dropout,” which earned him respect, credibility, and, eventually, fame in the music world, touted the message that education is obsolete in the era of reinvention. A message he is still very much in alignment with.
Forbes’s most recent rollout of financial reports put Kanye’s net worth at $1.3 billion, a far cry from the $53 million in debt that Kanye claimed in 2016 and $300 million more than his 22-year-old sister-in-law and self-proclaimed self-made millionaire, Kylie Jenner. This $1.3 billion dollar calculation includes West’s contracted athleisure line with Adidas, royalties for his YEEZY shoe collection, all other liquid assets, and G.O.O.D. Music label. Forbes’s re-evaluation of Kanye’s finances comes after initial neglect to include the rapper in its annual billionaire’s list in March, which West later attributed to racial discrimination. Despite his addition to the present list, the “Bound 2” singer is still unsatisfied with the number that Forbes assigned to his worth, texting his company contact, “It’s not a billion. It’s $3.3 billion since no one at Forbes knows how to count.”
— Forbes (@Forbes) April 24, 2020
This message comes after David Choi, West’s personal accountant, submitted an unaudited balance sheet to Forbes that placed the rapper’s net worth at $3.15 billion, with over $200 million worth of his assets, revealing that West owns six individual properties and his personal music catalog is worth more than $110 million. Although Kanye’s finances have lept an almost unbelievable amount in the past half-decade, he’s still holding out for greater recognition of his financial successes and Forbes, unfortunately, has become the beneficiary of his many, many memos.