After entering Forbes’ $2 billion Billionaires List, Kanye West is said to believe his $7 billion net worth is undervalued.
On the magazine’s star-studded list, West’s real-time net worth is reported as $2 billion, but insiders tell The Blast that West is truly worth $7 billion.
West is one of several celebrities who have made the Billionaires List, according to ET Canada. He is followed by Oprah Winfrey, who is worth $2.6 billion, and his ex-wife Kim Kardashian, who is worth $1.8 billion.
According to The Blast, West has multiple arrangements in place, but the magazine’s wealth standards do not take into consideration the ‘enterprise worth of long-term deals that are in place.’
The’revenue from last year only’ factor is used to assess net worth.
According to the Blast, West’s crew was informed about the article ahead of time and is dissatisfied with the way his worth was portrayed in the story.
According to The Blast, in addition to his phenomenally successful music career, West has a multi-year agreement with Adidas for his wildly successful Yeezy line, as well as a major deal with Gap for which he produces and designs apparel.
In its first year, the Yeezy Gap clothing collaboration generated $1 billion in sales, and a new line, Yeezy Gap Engineered by Balenciaga, will be unveiled later this year.
According to The Blast, Kanye holds a modest share in his ex-wife Kim Kardashian’s shapewear firm Skims.
West believes The Blast is attempting to ‘manage and belittle him even at the expense of their own integrity,’ according to The Blast.