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Kanye West is officially a billionaire

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Kanye West is a billionaire, and he wants the world to know.

After months of requests, the hip-hop superstar shared his financial records with Forbes. “There’s only one number that West cares about. A billion, as in dollars. And he cares a lot,” writes the magazine.

Kanye was featured on the cover of Forbes last summer, which detailed his successful Yeezy empire. But the magazine didn’t declare him a billionaire at the time, much to his dismay. He blasted them while speaking on an industry panel in November and in private said Forbes was “purposely snubbing” him.

When Forbes released its annual billionaires list earlier this month, West was absent. “You know what you’re doing,” he texted. “You’re toying with me and I’m not finna lye [sic] down and take it anymore in Jesus name.” He also claimed Forbes was “purposely a part of a group of media” that was trying to undervalue his self-made success because of his race.

So he decided to make it official. On Thursday, West told his team to provide Forbes with “what we feel is an authentic numeric look into Kanye, Inc.”

He claims in his words and through paperwork that he’s worth more than $3 billion. West owns 100% of Yeezy, which is contractually tied to adidas for at least five-plus years. The Yeezy apparel division is not believed to make money. Based on documents, Forbes estimates the final revenue number for the shoes is closer to $1.3 billion.

West’s agreement calls for him to receive a royalty around 11%, which would put his Yeezy royalties over $140 million from last year. Forbes notes that West’s “aggressive” $3 billion self-appraisal is based on the idea that the business is infinitely portable, but separating Yeezy from adidas is “almost prohibitively cumbersome, if not contractually impossible.”

In conservative terms, a 10x multiple applied to West’s Yeezy cut of $140 million makes his stake worth about $1.4 billion. Due to the fact that the asset is not very liquid, Forbes reduced the value by 10%, arriving at $1.26 billion.

Kanye’s statement of assets supplied by his team lists just $17 million in cash and $35 million in stocks. The largest assets are $81 million in “buildings and improvements” and $21 million in land, including the Hidden Hills mansion he shares with his wife Kim Kardashian and four children, and a pair of $14 million Wyoming ranches. Documents reveal West’s G.O.O.D. Music label, his own recorded music, and publishing rights to be worth at least $90 million.

In the end, Forbes estimates Kanye’s current net worth at $1.3 billion, $300 million more than his sister-in-law Kylie Jenner and JAY-Z, who was declared hip-hop’s first billionaire in 2019.

Still, Kanye claims he’s worth triple that amount. “It’s not a billion,” he texted Forbes last night. “It’s $3.3 billion since no one at Forbes knows how to count.”

SOURCE: Rap-Up

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Nardo Wick recruits Lil Durk, 21 Savage & G Herbo for “Who Want Smoke??”

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Nardo Wick has just dropped the highly-anticipated new version of his smash-hit “Who Want Smoke??” featuring Lil Durk, 21 Savage, & G Herbo. The track includes a show-stopping verse from Durk, displaying the depths of his fiery and confrontational style, a noteworthy inclusion from 21 Savage reminiscent of his earliest days on the mic, and G Herbo delivering the thrilling and seasoned bars he’s renowned for. The song not only capitalizes on the virality of “Who Want Smoke?”, but also serves as a masterclass in collaborating from some of the most prominent artists in the game. Each verse builds on the next, with the superstar additions sticking to theme that Nardo laid out on the original “Who Want Smoke?”, signaling the unwavering faith that Durk, 21, and Herb have in the 19-year old Jacksonville emcee. This collaboration comes on the heels of Durk & Lil Babybringing Nardo to perform the viral record at their tour stop in Orlando, receiving an electrifying response from the Floridan crowd. Though the original song has already amassed a whopping 60 million streams and counting, these carefully curated contributions only further solidify “Who Want Smoke??” as one of the biggest records of the year.

“This next chapter of my career is to give every project I work on my full attention. If I want to be proud of all the videos I work on, then I must never rush the process. I want it to be a great viewing experience every time. The goal is to create timeless quality art that inspires and motivates me, and hopefully it can inspire and motivate those beyond me as well. I view the “Who Want Smoke??” video as the opening page of this new chapter.”
Cole Bennett

Nardo Wick bursted onto the scene in mid-2020 with a string of releases, including “Lolli”, “Slide”, and “Came Up.” Music gave the shy teen an outlet to channel his angst and was accompanied by a fast-following. Though he’s soft-spoken off the mic, when Nardo enters the booth, the raps he produces are dynamic and haunting––a reflection of Jacksonville’s turbulent hip-hop scene. In 2021, Wick transitioned from making buzzing records to inescapable anthems. “Who Want Smoke?” became a widespread hit, achieving over 60 million streams as well as placements on Rap Caviar and Hip Hop Hits. The song reflected a menacing teen with a no-nonsense approach to life and music balancing between being captivating and fearsome. “Who Want Smoke?” is a frequent soundtrack to viral content on social media, with the most recent inclusion being Florida A&M’s marching band, the Marching 100, doing a live-rendition of the hit song during the halftime show for their game against Alabama State University. Hit-producer Cardo Got Wings laced Nardo for a last-minute request to appear on February’s Judas And The Black Messiah: The Inspired Album. That album topped the charts upon release, putting Nardo Wick alongside the biggest stars of Hip-Hop and R&B. Wick followed this with the Nick Mira-produced “Pull Up” in July. In August, Nardo released “I Be Chillin”, an exciting addition to his growing discography. Throughout the run, the budding rapper has received praise from Passion of the Weiss, Lyrical Lemonade, and DJ Booth, who included him in a recent “10 Rappers You Should Know Right Now” list. Recently COMPLEXnamed Nardo among their list of “Best Jacksonville Rappers.”

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