Kanye West’s Net Worth 2022: What Does Kanye West Do With His Cash?
Kanye West’s net worth is projected to be over $6.6 billion as of August 2022. American rapper, songwriter, singer, record producer, fashion designer, and rapper Kanye Omari West hails from Atlanta, Georgia.
Kanye West began his career as a producer for Roc-A-Fella, working with several of the label’s recording artists to create big tracks. Jay-album Z’s “The Blueprint,” as well as big singles like “Izzo (H.O.V.A.),” “04′ Bonnie & Clyde,” “Stand Up,” and “Jesus Walks,” all benefited greatly from West’s production work.
Since then, Kanye has developed into an international star through his music career, fashion label, shoe collections, and other endeavors. According to data Kanye just released, his investment in Yeezy has increased his net worth into the billions, according to a recent Forbes report.
Over 140 million recordings have been sold globally, and Kanye has earned countless honors, including 21 Grammys. He has made over $150 million from tours and is one of the top musical draws.
Since entering the field, Kanye has topped charts, sparked debates, released contentious songs and videos, and established himself as one of the wealthiest rappers in the hip-hop business.
Kanye West’s Net Worth 2022
U.S. producer, rapper, designer, and entrepreneur Kanye West. Currently, Kanye West is worth $6.6 billion. He’s one of America’s three richest black self-made men.
The College Dropout (2004) was Kanye’s breakthrough album. He’s one of the world’s most successful and awarded performers, having won 21 Grammys. He’s switched from music to business in recent years. Yeezy/Adidas has made West rich.
Kanye has earned at least $100 million per year in recent years. Most of his profits come from his Yeezy brand and Adidas collaboration.
Yeezy owns his own clothing business, but he gets a yearly royalty on sales of over $1.5 billion. Private bank estimates put Yeezy at $4-$5 billion. UBS values Yeezy at $3-4 billion in March 2021. Kanye’s deal with The Gap reportedly adds $1 billion to his net worth.
Kanye West’s Early Life
On July 8, 1977, Kanye Omari West was born in Atlanta, Georgia. When Kanye was three years old, his parents separated, and he relocated to Chicago to live with his mother.
His father, the former Black Panther, Ray West, relocated to Maryland following his divorce and set up a shop and cafe with funds from his son.
West started rhyming in the third grade and performing in music in the seventh grade. After finishing high school, he received a scholarship to study at Chicago’s American Academy of Art in 1997. At 20, West left school to pursue his artistic goals.
Kanye West’s Career
Until the early 2000s, Kanye West was involved in small music productions. He produced music for local artists and worked with Deric ‘D-Dot’ Angelettie.
When he became the producer for artists on Roc-A-Fella Records, he collaborated with singers such as Ludacris, Common, and Cam’Ron. West began his career as a successful producer, but his true ambition was to become a rapper.
He made his rapping debut in 2004 with the release of his debut album, ‘The College Dropout,’ which sold 441,000 copies in its first week.
In 2005, he worked on West’s new album ‘Late Registration with composer Jon Brion. His previous album had already sold 2.3 million copies in the United States.
Two years later, he released ‘Graduation,’ his third studio album, which debuted at No. 1 on the U.S. Billboard 200 and sold approximately 957,000 copies in its first week. Kanye’s most significant single hit was the song ‘Stronger.’
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West’s fifth album, ‘My Beautiful Dark Twisted Fantasy,’ debuted at the top of the Billboard charts in its first week and was praised by critics as a masterpiece. In the United States, the album went platinum.
West has sold millions of copies since then and is widely regarded as one of the best rappers in the world. He has worked with artists such as Eminem, Jay-Z, Beyonce, and others.
Kanye West’s Business Ventures
West is a successful entrepreneur and one of the world’s most successful musicians. His business ventures include the production and design of clothing and shoes.
He’s collaborated with Nike, Louis Vuitton, and Adidas to create his sneakers, which are extremely popular among his fans.
West has also co-founded companies like D.O.N.D.A. and GOOD Music, which have helped him become one of the wealthiest people in entertainment.
Kanye West’s Personal Life
From 2002 to 2008, West dated fashion designer Alexis Phifer on and off; from 2008 to 2010, he dated model Amber Rose.
In April 2012, he started dating reality star, Kim Kardashian. In May 2014, they got married. The couple has four kids altogether.
What Does Kanye West Do With His Cash?
The majority of West’s fortune did not stem from his music. He makes most of his money through his Yeezy footwear and apparel brand.
Kim Kardashian and Kanye West purchased their $20 million home in 2014 and reportedly spent four years and $20 million renovating it before moving in 2018. Later, Kris Jenner tweeted that the house was worth $60 million.
Kardashian West’s 20-carat diamond engagement ring is one of the most expensive celebrity engagement rings, valued at $4.5 million.
Kanye allegedly spent $74,000 on gifts for North, his firstborn daughter, who was 18 months old at the time. A $62,000 diamond-encrusted tiara and a $12,000 toy replica of his black S.U.V. were among the items in the haul.
Kanye West’s Architecture
West announced his intention to start an architectural firm in May 2013. “I am a product designer; in addition to clothing, I want to work on designing products such as water bottles and buildings.
I’m a musician, but I shouldn’t limit my creativity to one medium. “Later that November, while visiting Harvard Graduate School of Design, he delivered a speech outlining his architectural ambitions.
West announced in May 2018 that he was launching an architecture firm as a division of his already successful Yeezy clothing line. When West made his decision public, he tweeted, “Our architecture division, Yeezy Home, is being launched.
We are looking for industrial designers and architects who want to help the environment.” In June 2018, designer Jalil Peraza teased the first Yeezy Home collaboration by knocking on a low-cost prefabricated concrete home as part of a social housing project.
Frequently Asked Questions
Who is Wealthier, Jay-z or Kanye West?
Yes. Jay-fortune Z’s pales in comparison to that of Kanye West. Kanye West’s net worth is far greater than that of Jay-Z’s.
Is Kanye West Dating Kim Kardashian Again?
The union between Kim Kardashian and Kanye West has been declared null and void. According to Sky News, Kim Kardashian and Kanye West’s marriage has ended, and the reality star has been declared “legally single” by a U.S. court.
What Exactly Did Kanye West Do?
After making a racial insult regarding comedian Trevor Noah, Kanye West has had his Instagram account suspended for a full day. After calling Kanye’s behavior toward his ex-wife Kim Kardashian “terrifying,” the musician made a post about him.