Kanye West Net Worth: How Much Money Does He Make in His Career?
American producer, rapper, fashion designer, and businessman Kanye West. Kanye West has a net worth of $6.6 billion as of this writing. He is one of the three self-made black millionaires in American history.
After his 2004 album, The College Dropout, was released, Kanye became highly well-known. With 21 Grammy wins from 69 nominations, he is currently among the most popular and honored performers on the planet. He has shifted his focus in recent years from music to business. West has amassed a considerable fortune thanks to his Yeezy/Adidas partnership.
Kanye has recently made at least $100 million annually from his numerous projects. His royalties and other earnings from his Yeezy brand and Adidas collaboration account for most of his wages.
Yeezy earns a royalty on the more than $1.5 billion in annual sales of his own Yeezy clothing business, which he owns wholly and entirely. Several private bank estimates place the value of the Yeezy brand at $4 and $5 billion. According to a March 2021 UBS estimation, Yeezy increases Kanye’s net worth by $3–4 billion. According to the same report, Kanye West’s contract with The Gap increased his net worth by an additional $1 billion.
Kanye West Early life
Kanye Omari West was born in Atlanta, Georgia, on June 8, 1977. When West was three years old, his parents divorced, and he relocated to Chicago, Illinois, with his mother. There, he met DJ/producer No I.D., who served as his mentor and started experimenting with music. In 1997, he was awarded a scholarship at the American Academy of Art, but he decided to transfer to Chicago State University to study English. At age 20, he eventually quit school to focus on his music career.
After quitting college, West started producing beats for nearby artists while honing his sound. His first recorded work as a producer was for Chicago rapper Grave’s 1996 self-titled debut album. He also provided music for Foxy Brown, Deric “D-Dot” Angelettie, and Harlem World during this time.
Kanye West Career
When he started working as a producer for Roc-A-Fella Records in 2000, working with musicians like Ludacris, Alicia Keys, and Janet Jackson, West had his big break. He made music for Jay-Z, Beyoncé, John Legend, Alicia Keys, Janet Jackson, and other artists. Jay-2001 Z’s album The Blueprint, which West produced, attracted a lot of attention for his production skills.
Despite his fame as a producer, West’s first ambition was to become a rapper. After being turned down for a deal with Capitol Records in 2001, he persuaded the head of Capitol Records to sign him to Roc-A-Fella Records.
West was moved and recorded the song Through the Wire while his mouth was still wired shut following a serious vehicle accident in October 2002 in which he fractured his jaw. His debut album, The College Dropout, which was leaked months before its intended August 2003 release date, was built on the foundation of this song.
West put off the album’s release three times so he could remix, remaster, and edit it. He received 10 Grammy Awards nominations for The College Dropout, which was eventually released in February 2004 to acclaim and was ultimately certified triple platinum in the US.
West put two million dollars into the making of his second album as he started working on it, including hiring a real string orchestra. By the end of the year, the August 2005 edition of Late Registration had sold more than 2.3 million units in the US.
Graduation (2007), 808s & Heartbreak (2008), My Beautiful Dark Twisted Fantasy (2010), Watch the Throne (2011), Yeezus (2013), The Life of Pablo (2016), Ye (2018), and Jesus King are some of his following albums (2019).
2013 saw the release of West’s album Yeezus. The album debuted at number one on the Billboard 200 chart, as well as in four other nations and on the US R&B and US Rap charts. The Life of Pablo, his 2016 album, peaked at #2 on the US Rap and US R&B charts and at #1 on the Billboard 200 chart.
“FourFiveSeconds,” a song by Kanye West featuring Rihanna and Paul McCartney, peaked at number one on the US R&B chart. He received six Grammy nominations for the year 2017. Ye, his subsequent album, debuted in June 2018. Sadly, Ye was Kanye’s first studio album not to achieve platinum status.
Kanye West Earning from Yeezy
West has long exhibited an interest in fashion. Along with Louis Vuitton, Bape, and Giuseppe Zanotti, he has also created footwear. With his 2009 Air Yeezys sneaker, West became the first non-athlete to sign a shoe deal with Nike. In 2011 and 2012, he also debuted two apparel lines during Paris Fashion Week.
Adidas formally unveiled its new shoe collaboration with West in December 2013. The “Light Brown” version of the Yeezy Boost 750 sneaker was first made available on February 14, 2015, only in New York City via the Adidas mobile app, and it sold out in just ten minutes.
2015 saw the launch of Season 1 of Kanye West’s Yeezy apparel brand with Adidas. Season 2 came out later that year, and Season 3 premiered in February 2016. The Adidas and Yeezy sneaker collaboration had 19 colors and 6 designs.
Adidas started in June 2016, and West signed a long-term partnership with them after the success of his early launches. Kanye typically receives a 10% royalty on Adidas’ net sales. In contrast to Adidas.com, he gets a significant royalty for goods sold through his website, YeezySupply.com. Around 10% is his combined average royalty rate.
Kanye West Assets and Philanthropy Work
West announced the launch of DONDA, a creative content company named for his late mother, Donda West, in January 2012. He also owns the business KW Foods LLC, the Chicago-based franchisee of the Fatburger fast-food chain. Along with musicians Jay-Z, Rihanna, Madonna, Chris Martin, and Nicki Minaj, West is a co-owner of Tidal’s music streaming service. The majority of the interested parties each share a 3% equity stake.
His charitable endeavors include the Kanye West Foundation, which supports Latino and African American children’s education, and donations of time, talent, and money to groups like Live Earth, World Water Day, and Hurricane Katrina assistance.