Forbes Says Kanye West's Net Worth Was Heavily Inflated

Recently, rapper and entrepreneur Kanye West broke the headlines as he suddenly becomes the richest Black man in the US, according to a report published in Bloomberg. His net worth is reportedly $6.6 billion. After the news was out, Forbes quickly did a recalculation to check the accuracy of that number. Surprisingly, the business magazine confirmed that his worth is actually $1.8 billion only.

The old report

Report from Complex had it that the combined value of Yeezy and Yeezy Gap was at around $4.7 billion. Adding to other assets of West has, the rapper’s net worth is estimated at $6.6 billion.

The new report from Forbes

An article by Forbes stated that the calculations of Bloomberg were theoretical ones. That’s why the initial number about Kanye’s net worth was disputed.

Instead of $6.6 billion, $1.8 billion was the figure determined by Forbes.

Earlier, Kanye West launched brand-new Yeezy shoes which sold out within a short span of time. The retail value of the shoes is $200.

Who is actually the richest Black man in the US?

A report from XXL suggested that Robert F. Smith, founder, and chairman of investment firm Vista Equity Partners is actually the richest black person in the country. His net worth is reported to be around $6 billion.

Meanwhile, the title of the world’s richest black person belongs to Aliko Dangote who is known to be a Nigerian billionaire with a net worth of $11.8 billion

Visit Starbiz.com for more interesting news at Hollywood Life

>>> Related Post:  No Matter What Happens, Kim Kardashian Still Keeps Her Smile Bright; Her Latest Public Appearance Is A Proof