Kanye West has officially been declared a billionaire by Forbes after providing the outlet with financial records that give insight into the amount of money he has made from his Yeezy sneaker empire.
The rapper and entrepreneur said last year that Forbes wouldn’t classify him as a billionaire, despite showing them an $890 million receipt.
Now, he wants to set things right with the outlet. The financial records that Forbes received show that he would have received $140 million from Yeezy sales last year. “Conservatively, as we typically are with such figures, a 10x multiple, applied to West’s Yeezy cut of $140 million makes his stake worth about $1.4 billion.
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