As of October 2024, Kanye West’s net worth is estimated to be $400 million, according to Celebrity Net Worth, and Forbes.
West is a rapper, singer, songwriter, record producer, fashion designer, and rapper from the United States. He was born Kanye Omari West on June 8, 1977. West rose to prominence as a producer for Roc-A-Fella Records in the early 2000s, working on singles for numerous well-known singers. West released his debut studio album, The College Dropout (2004), to forge a solo career as a rapper. Later that year, he launched the record company GOOD Music.
West is one of the world's top-selling music artists, with over 160 million records sold, and has earned 24 Grammy Awards and 75 nominations, the joint tenth-most of all time and the joint-most Grammy Awards of any rapper, along with Jay-Z. His other honors include the Michael Jackson Video Vanguard Award, the Billboard Artist Achievement Award, and a joint record of three Brit Awards for Best International Male Solo Artist.
Six of West's albums were listed among the 500 greatest albums of all time in 2020 by Rolling Stone, which also named him one of the 100 greatest songwriters of all time. He and Bob Dylan hold the record for the most albums released (4), according to the yearly Pazz & Jop critic poll. In both 2005 and 2015, Time included him on its list of the 100 Most Influential People in the World.
Ye has worked as a fashion designer on apparel and footwear for Nike, Louis Vuitton, Gap, and A.P.C. He also oversaw the Yeezy partnership with Adidas. He is also the founder and CEO of Donda, a creative content company.
Quick Facts on Kanye West
Real Name | Ye (Kanye Omari West) |
Alias | Kanye West |
Net worth | $400 million (via Forbes) |
DOB(Age) | June 8, 1977 (46 years old) |
Height | 5 feet 8 inches (173 cm) |
Weight | 80 kg |
Nationality | American |
Gender | Man |
Marital Status | Divorced |
Partner/Spouse | Undisclosed |
Zodiac Sign | Gemini |
Profession | Record producer, Songwriter, Singer, Actor, Film Producer, Rapper, Businessman, Screenwriter, Fashion designer, Music Video Director |
How much is Kanye West's Net Worth in 2024?
The net worth of Kanye West is estimated to be $400 million as of January 2024, as he earns through various endeavors and royalties.
Kanye closed his business partnership with German sportswear brand Adidas in October 2022. The decision to forfeit has reportedly seen a $1.5 billion drop in his net worth to $400 million, as per Forbes, earlier in 2023. Ye has recently turned away from music and focused on business, making at least $100 million a year from his many ventures. West’s royalties and other earnings from his Yeezy brand and Adidas collaboration account for the majority of his earnings. However, over the past few years, he has lost many sponsors and collaborations due to his controversial ideas and outspokenness.
Also Read: Where is Kanye West from?
Sources of Income
According to Forbes, Ye's sources of income as of 2024 are real estate, music albums, and a 5% share in his ex-wife, Kim Kardashian's shape-wear brand, Skims.
His exact income as of 2024 is unknown, but according to celebrity net worth, his income over the years has been as follows:
Year | Net Worth |
2008 | $30,000,000 |
2009 | $25,000,000 |
2010 | $12,000,000 |
2011 | $16,000,000 |
2012 | $35,000,000 |
2013 | $20,000,000 |
2014 | $30,000,000 |
2015 | $22,000,000 |
2016 | $18,000,000 |
2017 | $22,000,000 |
2018 | $90,000,000 |
2019 | $100,000,000 |
2020 | $200,000,000 |
2021 | $100,000,000 |
2022 | $100,000,000 |
Total | $637,000,000 |
Yeezy
According to Celebrity Net worth, in 2021, the Yeezy business was worth between $3.2 billion and $4.7 billion. Future royalties between Yeezy and Adidas were estimated to range from $1.75 billion to $3 billion. Yeezy’s worth after the termination of the partnership between the brands is valued at $1.5 billion, as of 2024. Beginning in 2013, the partnership between Kanye West's Yeezy and Adidas was extended further by 2016 until ending in 2022.
Adidas stated in June 2016 that West had signed a long-term partnership with them after the success of his early launches. He received a 10% royalty on Adidas' net sales and a significant royalty for goods sold on his own website, YeezySupply.com. i.e., around 10% is his combined average royalty rate.
Music
According to Celebrity Net Worth, the entire value of Kanye West's music career—which includes his own albums, those he's produced for other artists (including masterpieces like The Blueprint), and his G.O.O.D. Music label—is estimated at a whopping $90 million.
Ye earned $170 million in 2020, making him the highest-paid musician in the entire world and the highest-paid hip-hop artist in 2019.
Expenditure
Investments
According to financial records given to Forbes, West had $17 million in cash and $35 million in equities as of April 2020. Reports from March 2021, however, significantly increased West's figures, adding an estimated $122 million in cash and shares. Along with other assets worth $1.7 billion, West owns shares of his ex-wife's (Kim Kardashian) SKIMS shapewear company.
Philanthropy
Per Celebrity Net worth, Ye's charitable endeavors include the Kanye West Foundation, which supports Latino and African American children's education, as well as donations of time, talent, and money to communities like Live Earth, World Water Day, and Hurricane Katrina assistance. Kanye also gave $2 million in June 2020 to the Floyd family, Ahmaud Arbery, and Breonna Taylor, two other victims of police violence, following the murder of George Floyd.
Real Estate Assets
A $16 million property on 320 acres in Calabasas, located on Stokes Canyon Road. His Sunday services have been held here, and he attempted to construct many dome-shaped buildings there before being prevented from doing so by the LA County Building Commission due to permit problems.
The Bighorn Mountain property, a 6,700-acre property in Wyoming, is for sale for $15 million.
The Monster Lake Ranch is a 1,400-acre ranch that costs $14 million.
A commercial building in Cody, Wyoming, worth $2 million
Ye has real estate worth $120 million in total, of which $150 million is in California and $30 million is in Wyoming. Along with owning his current residence, Kanye West restored his childhood home in Chicago in 2023, via Celebrity Net worth.
Kanye West FAQs
According to Celebrity Net Worth, Kanye West’s net worth in 2024 is estimated to be $400 million.
Yeezy’s can range between $220 for their cheapest model, such as 500, 700 v3, to $585 for the most expensive, which as 950 Boot.
Kanye West was born on 8 June 1977. His current age is 46 years.
According to Forbes, Yeezy's current line of products is worth $1.3 billion.
Kanye West is rich because of his successful career as a rapper and producer. He has sold millions of records and won many awards. He increased his earnings through collaborations with major fashion brands like Nike and Adidas for his Yeezy line. West started Donda, a creative content company, and he made smart business decisions that made him even more money. His music, fashion, and business have all played a big part in making him rich.