Rapper, record producer, entrepreneur, and fashion designer Kanye West, formerly known as Ye, are American musicians, and designer. Many people consider him the best and most influential hip-hop artist of all time, not just for his age.
Early Life and Career Beginnings of Kanye West
June 8, 1977, was the date Kanye Omari West was born in Atlanta, Georgia. When he was three years old, his parents divorced, and West went home with his mother to Chicago. The mentorship of producer/D.J./producer No I.D. sparked his interest in music when he was in New York City.
He took a scholarship to the American Academy of Art to study English at Chicago State University in 1997. To pursue his music career, he eventually dropped out of school at 20. He started composing beats for local musicians when he dropped out of college to develop his sound.
In 1996, he produced his first formal credit as a producer in Chicago rapper Grave's debut album, Down to Earth. Deric “D-Dot” Angelettie and Harlem World were among the other musicians he worked with while producing during this period.
Rise to Fame and Music Career of Kanye West
Roc-A-Fella Records hired him to work as a producer in 2000, and he soon found himself producing stars like Ludacris, Alicia Keys, and Janet Jackson. West's work on Jay-The Z's Blueprint in 2001 sparked much attention to his production abilities.
Jay-Z, Beyoncé, John Legend, Alicia Keys, and Janet Jackson are just some artists he has worked with over the past several years. However well-known he may be as a producer, Kanye West's lifelong ambition was to become a rapper.
After being rejected by Capitol Records, he persuaded the label president to sign him to Roc-A-Fella Records in 2001. He recorded the song “Through the Wire” while his jaw was still wired shut following a terrible vehicle accident in October 2002.
His debut album, The College Dropout, was leaked months before its intended August 2003 release date, and this song served as its foundation. It was reworked, remastered, and edited by West, who postponed the album's release three times.
This album was published in February 2004 to significant critical acclaim, garnering him 10 Grammy Awards nominations and eventually certified triple platinum in the United States. Two million dollars were invested in developing his second album by West as he began working on it.
In the United States, more than 2.3 million copies of Late Registration were sold by the end of the year after its August 2005 release. Graduation (2007), 808s & Heartbreak (2008), My Beautiful Dark Twisted Fantasy (2010), My Beautiful Dark Twisted Fantasy (2011), Yeezus (2013), The Life of Pablo (2016), Ye (2018), and Jesus is King (2018) are some of his following albums (2019).
Yeezus, Kanye West's third studio album, was released in 2013. Besides the Billboard 200, the album also topped the US R&B and Rap charts and numerous international charts. On the Billboard 200, The Life of Pablo debuted at No. 1 and ranked No. 2 on the U.S. Rap and US R&B charts.
“FourFiveSeconds” (featuring Rihanna and Paul McCartney) was the second week's top R&B song in the United States. This year, he was nominated for six Grammys. In June of this year, Ye, his third studio album, was released. He was Kanye West's first album to fall short of the platinum mark in his career.
Additionally, West has continued to work as a producer and featured artist for other artists, including 6ix9ine, XXXTentacion, Lil Pump, Chance the Rapper, Kid Cudi, and Teyana Taylor, releasing his albums and releases himself.
Additionally, he orchestrates the Sunday Service Choir's weekly performance of “Sunday Service,” which they've been doing since January 2019. Two of his operas, Nebuchadnezzar and Mary, were co-written with modern artist Vanessa Beecroft.
Net Worth of Kanye West
Kanye West has an estimated net worth of $6.6 billion at the time of this writing. He is one of the top three wealthiest African-Americans in American history, and he did it all on his own. In addition to being a rapper, Kanye West is also an American fashion designer, producer, and businessman.
The publication of Kanye West's 2004 album The College Dropout catapulted him to worldwide recognition. He is now one of the world's most successful and award-winning performers, having garnered 69 nominations for and 21 Grammys.
Adidas and Yeezy have made a fortune for Kanye West. At least $100 million has been generated annually by Kanye's many pursuits in recent years. Recently, he has turned his attention away from the music industry and business sector.
Royalties and other income from his Yeezy brand and Adidas collaboration account for most of his earnings.
Yeezy is the only owner of his own Yeezy clothing company, which he owns 100 percent, although he receives a royalty on sales that exceed $1.5 billion annually. Several private banks estimate Yeezy to be worth between $4 and $5 billion.
As of March 2021, UBS estimates that Kanye West's net worth has grown by $3-4 billion due to Yeezy. According to the same source, Kanye's contract with The Gap will increase his net worth by $1 billion.
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Consider the following assets and liabilities when determining Kanye West's net worth:
- Real estate assets = $120 million
- Music catalog including G.O.O.D. Music = $80 million
- Yeezy.com website = $100 million
- Value of Yeezy brand = $5 billion
- Value of Gap partnership = $1 billion
- Cash, equities, and other assets = $400 million
Total assets = $6.7 billion
Liabilities and other considerations = $100 million
Net Worth = $6.6 billion
Yeezys were the first Nike shoe to be designed by someone other than an athlete, and Kanye West was the first non-athlete to do so. Shoe designs for Louis Vuitton, Bape, and Giuseppe Zanotti are all examples of his work in the footwear industry. In 2011 and 2012, he debuted two garment collections during Paris Fashion Week.
Adidas' new sneaker partnership with Kanye West was formally announced in December 2013 with an official announcement. On February 14, 2015, the “Light Brown” colorway of the Yeezy Boost 750 shoe was unveiled and quickly sold out on the Adidas mobile app in New York City.
As of December 2017, Adidas and Yeezy sneakers had launched 19 colors and six styles. Adidas and Kanye West unveiled their first Yeezy apparel line collection in 2015. Season 2 came out in the fall of that year, while Season 3 premiered in February.
Adidas signed Kanye West to a long-term deal in June 2016 after his early launches were a hit. Adidas pays Kanye a 10% royalty on net sales, on average. Ten percent is the average royalty rate he receives on his work. YeezySupply.com has a higher royalty rate than Adidas.com for products sold there.
At this time, Kanye controls 100% of the Yeezy clothing brand.
In 2004, Kanye joined forces with Sony B.M.G. to launch G.O.O.D. Music, a record label and production firm. Get out our dreams is the abbreviation for “G.O.O.D.” West himself, John Legend, Common, Big Sean, Pusha T, Q-Tip, Kacy Hill, and Teyana Taylor are the artists signed to the company.
Other Assets and Philanthropy of Kanye West
In honor of his late mother, Donda West, West announced in January 2012 that he was launching a creative content firm called D.O.N.D.A. K.W. Foods LLC. owns Fatburger, and he is also a shareholder in the firm.
In addition, Kanye West, Jay-Z, Rihanna, Madonna, Chris Martin, and Nicki Minaj are co-owners of Tidal's music streaming service. Almost all of the parties engaged have equity stakes equivalent to 3 percent.
The Kanye West Foundation promotes African American and Latino children's education and is one of his many humanitarian endeavors. He has also donated time, talent, and money to Hurricane Katrina relief efforts, World Water Day, and Live Earth.
Real Estate of Kanye West
In the United States, Kanye West has a real estate portfolio valued at about $160 million (land, buildings, and homes).
Hidden Hills, a Los Angeles neighborhood, is home to Kim and Kanye's principal mansion. The first two portions of this estate were purchased in 2014 for $23 million in two separate deals.
In the beginning, they had a newly-built mansion on 4.5 acres. For several years, the couple invested millions of dollars in personalizing, rearranging, and enlarging their house. They added 7.5 acres to their estate in 2019 through two separate purchases of nearby homes.
The Hidden Hills estate has required a remarkable $28.5 million in real estate transactions alone. Renovations have cost tens of millions of dollars more. The current assessed value of their Hidden Hills mansion is well over $60 million. Interior furnishings accounted for almost $3 million of the total cost.
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Kim paid Kanye $23 million in September 2021 to legally transfer ownership of the property to her. He purchased a Malibu oceanfront mansion for $57.3 million in September 2021.
These are some additional real estate assets:
- A $16 million estate on 320 acres off Stokes Canyon Road in Calabasas. This is where his Sunday Services have been conducted and where he attempted to build a succession of domed structures before being shut down by the L.A. County building commission for permission difficulties.
- Bighorn Mountain Property, a 6,700-acre Wyoming ranch – $15 million
- 1,400 acres of land known as The Monster Lake Ranch – 14 million dollars
- Cody, Wyoming, has a $2 million commercial property.
- He has $120 million in publicly available real estate holdings, including $150 million in California and $30 million in Wyoming.
Personal Life of Kanye West
From 2002 until 2008, West was romantically involved with designer Alexis Phifer, then from 2008 to 2010, he dated model Amber Rose. He started dating Kim Kardashian in April 2012, and they married in May that year. The couple has four children together. However, things fell apart recently. But their marriage is still valid.