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Kanye West Is Now a Billionaire, Thanks Mostly to His Yeezy Sneaker Brand

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It's official: Kanye West is now a billionaire. Over the years, West's finances have remained mostly a mystery. But now, Forbes reports that the rapper-turned-footwear mogul has an estimated net worth of $1.3 billion.

West can attribute his entry into the billionaires club to his lucrative sneaker company, Yeezy. The sneaker brand -- which is produced, marketed and distributed by Adidas -- was on track to $1.3 billion in footwear revenue in 2019, according to a Bank of America document reviewed by Bloomberg.

While the bulk of West's income is generated from Yeezy, the rapper also possesses about $200 million in other assets, including real estate properties and his music catalog.

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