KANYE West has come a long way since he begged Facebook CEO Mark Zuckerberg via Twitter to invest $1 billion into his “ideas,” because he was personally $53 million in debt.
He’s officially joined the billionaires club.
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The rapper – who is married to reality star Kim Kardashian – has been valued at $1.26 billion by Forbes magazine.
Forbes broke down his finances, apparently after Kanye took exception at not being included on their billionaires list.
The magazine revealed on Friday that the rapper recently provided documents to the publication, giving them an “authentic numeric look into Kanye, Inc.” to prove the feat.
The article suggests it comes after West has been eager to prove his financial status for some time, noting that he had previously claimed to be a billionaire during an appearance at the 2019 Fast Company Innovation Festival.
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“When I did Forbes, I showed them a $890 million receipt and they still didn’t say ‘billionaire,'” Kanye said at the event.
The publication has now valued his assets at just over a billion, claiming that he is worth around $1.26 billion, after he sent them documents.
However, they noted that the rapper claimed that the figure should be around $3 billion at least, and was not happy with their valuation.
“It’s not a billion,” West allegedly texted the publication Thursday night. “It’s $3.3 billion since no one at Forbes knows how to count.”
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Forbes article claims that West was so unhappy with his name being absent from the billionaire list that he texted the writer.
“You know what you’re doing,” O’Malley Greenburg claims West texted to him. “You’re toying with me and I’m not finna lye [sic] down and take it anymore in Jesus name.”
He is then claimed to have texted that Forbes was “purposely a part of a group of media” that was unwilling to give him the credit he was asking for because of his race.
Forbes says that West’s team provided statements that showed the rapper has $17 million in cash, $35 million in stocks, $81 million in “buildings and improvements” and $21 million in land.
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The article breaks down his assets – noting that the money in buildings and land come mainly from the homes that he shares with Kim, and their four children North, six, Saint West, four, Chicago, two, and Psalm, 11 months.
He also has two $14 million ranches in Wyoming.
The publication combed the documents he provided to break down his assets in Adidas Yeezy, the fashion collaboration between the rapper and the German sportswear brand, which they claim has a revenue worth of around $1.3 billion.
The article explains: “Yeezy is a complicated asset. West owns 100% of it. But it’s functionally tied, at least for five-plus years based on the documents we saw, to Adidas, which produces, markets and distributes the shoes.”
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Kanye received estimated royalties of around $140 million from sales, last year.
They also noted that there’s debt – with payments on mortgages, advances and other liabilities, Forbes say that they “saw about $100 million that West is on the hook for.”
Meanwhile, West’s sister-in-law Kylie Jenner, 22, was recently named by Forbes as the youngest “self-made” billionaire for the second year in a row after selling off 51% of her cosmetics brand.