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Of all the things that are turbulent in his life, at least Kanye West’s net worth remains stable. The DONDA rapper has previously battled against industry-wide net worth reports by the likes Forbes, over personal claims that his net worth is far higher than publicly estimated. While the Yeezy founder rarely provided sufficient documentation to back up such allegations, it appears that we finally have confirmation of Kanye West’s net worth today.
Major updates to Kanye West’s net worth were first reported back in 2020, when the rapper launched his Yeezy x Gap collaboration in June of that year. “We are excited to welcome Kanye back to the Gap family as a creative visionary, building on the aesthetic and success of his YEEZY brand and together defining a next-level retail partnership,” said Mark Breitbard, global head of Gap Brand, in a press release about the partnership. This major move in Kanye’s fashion career seemed like a step in the right direction for the artist—that is, until, Kanye’s failed presidential campaign became a part of the conversation.
Ye infamously announced his plans to run for President of the United States in July 2020. It was a plan he had alluded to multiple times in the past, yet few took him seriously until his formal announcement via Twitter. A couple of weeks following his announcement, Kanye went on to speak about his anti-abortion stance at a presidential rally in South Carolina—during which he alleged that his estranged wife, Kim Kardashian, considered aborting their eldest daughter North before she was born in 2013.
Followers increasingly became troubled by his comments after tuning into a lengthy Twitter rant days later. In a series of since-deleted tweets, the rapper claimed that Kim and her mother, Kris Jenner, are “white supremacists” who were trying to “lock him up,” among other things. Kim eventually responded to Kanye’s comments on Instagram, addressing his bipolar disorder (a diagnosis that Kanye has refuted) and asked for compassion and empathy from the public. Months later, news broke that Kim filed for divorce from the rapper after nearly seven years of marriage.
Since then, Kanye and Kim’s relationship has continued to make headlines and raise questions about where they stand today. But one that remains clear is Kanye West’s net worth. Read on for what we know about Kanye West’s net worth and how much he makes compared to Kim Kardashian below.
What is Kanye West’s salary?
In a September 2019 Forbes report, Kanye West’s net worth placed him as the highest-paid rapper in hip-hop that year. They calculated an estimated income of around $150 million a year after deducting fees for agents, managers and lawyers based on pretax income documentation. For some context, Jay-Z—who was reported as the hip-hop industry’s second-highest-paid artist in the Forbes article—made an estimated $81 million in 2019 in comparison. Clearly, it’s safe to say that Kanye West’s net worth is doing just fine thanks to his longstanding music career . However, music isn’t the only thing going for Kanye—and it may not even be the big moneymaker.
How much does Kanye West make from Yeezy?
It may come as a surprise that most of Kanye West’s net worth is from his Yeezy line, according to Forbes. In their 2020 update to Kanye West’s net worth, the publication explained that Kanye “has created a brand that’s challenging Nike’s Air Jordan for sneaker world supremacy,” and as such, it should come as no surprise that the brand made an estimated revenue of about $1.3 billion in 2019 alone. Kanye, who technically owns 100 percent of the brand, is estimated to take home an 11 percent royalty from Adidas (who is behind the production, marketing, and distribution of Yeezy footwear), which amounts to over a $140 million salary from Yeezy sales in 2019 alone.
What is Kanye West’s net worth in 2022?
According to Forbes, Kanye West’s net worth is $1.8 billion as of 2022. He’s officially a member of the three-comma club, at last. While numerous sites reported that the rapper became the richest Black person in America with a net worth of $6.6 billion in 2021, Forbes confirmed that these reports were inflated estimates following the launch of his Yeezy brand Gap partnership. Still, with Kanye West’s net worth of $1.8 million, the rapper officially makes about $800 million more than his ex, Kim Kardashian, who is worth $1 billion as of 2022, according to Celebrity Net Worth.
With all this money, many fans have wondered if Kanye and Kim had a prenup, especially after his wife filed for divorce in February 2021. According to a 2014 report by Radar Online, Kanye and Kim signed a prenup two months before their May 2014 wedding. According to the agreement, Kim will receive $1 million per year for every year she’s married to Kanye (with a cap of $10 million) in the event of a divorce. Radar Online also reports that Kim will remain on Kanye’s life insurance policy, which is valued at $20 million, for the rest of her life, even if they divorce. The site also claims that Kanye and Kim didn’t include a custody clause in their prenup. At the time of their wedding, the two were only parents to daughter North.
“The entire process for the prenup for Kim and Kanye has been extremely easy, and relatively drama-free,” a source told Radar Online at the time before referencing Kim’s previous ex-husband, Kris Humphries. “Kanye didn’t even think the couple needed a prenup, and was ready to give Kim carte blanche to all of his financial assets. Yes, he loves Kim that much. There is a huge difference from Kim’s prenup with Kris Humphries…the preparation of their agreement went on for several months. It was long and tedious.”
Though he’s a billionaire now, Kanye West’s net worth wasn’t always what it is today. In 2016, Kanye claimed on Twitter that he was $53 million in personal debt after he used his own money to launch his own clothing label, Pastelle, in 2009. After the launch of Pastel, Kanye also created his own merchandise line, titled G.O.O.D., which was supposed to market to fans of the label. However, seven months after Pastelle’s launch the label (and G.O.O.D.) shuttered. That wasn’t Kanye’s only failed business at the time. In 2011, he launched a high-end women’s wear line called Kanye West. The line, however, never made it to stores. In 2013, Jean Touitou, the founder of the French line A.P.C., which created capsule collections with Kanye, said that his fashion experiment cost him $30 million in debt.
However, as evidenced by Kanye West’s net worth now, the “Stronger” rapper made his money back and came out of the red. In 2013, Kanye released his first Adidas Yeezy collaboration: Yeezy Boost 750. He followed the design with several more shoes, such as Yeezy 950, Yeezy 350 Cleat, Yeezy Powerphase Calabasas and Yeezy Boost 700. In 2015, Kanye also launched his first Yeezy clothing line, Yeezy Season 1.
Still, Kanye’s income fluctuates. In a 2019 interview on The Late Late Show with James Corden, the Grammy winner claimed that he received $68 million in tax returns at the time. “Last year, I made $115 million and still ended up $35 million in debt. This year, I looked up, and I just got $68 million returned to me on my tax returns,” he said at the time. “And people say, ‘Oh, don’t talk about these numbers.’ No, people need to hear someone that had been put into debt by the system talk about these kind of numbers now that they’re in service to Christ.”
In an August 2020 interview on Nick Cannon’s podcast, “Cannon Class,” Kanye also claimed that he’s richer than President Donald Trump. In the interview, Kanye also responded to theories that he’s in “cahoots” with the Republican Party because he’s being paid. “People keep on saying I think that y’all, you and Republicans, are in cahoots,” he said. “Bro, can’t nobody pay me,” West replied. “I got more money than Trump.”
Despite his and his wife’s wealth, Kanye’s wife, Kim Kardashian, revealed in an interview with The Sunday Project in 2019 that she and her husband are raising their four children—North, Saint, Chicago and Psalm—to be aware of their financial privilege. “No matter what you’re given and no matter what you have, you have to treat people with respect,” Kim said of the wisdom she tells her children. “I do the best I can, and I really do believe my children are well adjusted and know they are blessed, but understand to be really compassionate. They’re really good people, and that is my No. 1 goal in life.”