Kanye West officially had his status upgraded from millionaire to billionaire by Forbes .
Forbes says the rapper and fashion designer, who has long coveted the status, provided an eye-catching glimpse into his personal finances and valued his net worth at $1.3 billion.
That includes valuing his stake in the Yeezy sneaker line, which Forbes describes as “one of the great retail stories of the century,” at $1.26 billion. Added to that, Forbes said the statement of assets supplied to them by West’s team lists $17 million in cash and $35 million in stocks.
Kanye’s other notable assets, according to his team, are $81 million in property and $21 million on land. That adds up to the $1.3 billion total, the magazine said, placing him above sister-in-law Kylie Jenner, who has a modest $1 billion net worth, largely from her cosmetics business. Much of the rest of West’s wealth comes from real estate he owns, the magazine said.
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