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Kanye West no longer a billionaire, says Forbes

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On Tuesday, Forbes, one of the leading trackers of wealth among the world’s financial elites, declared it had dropped Ye from its list of billionaires.

It estimated the Adidas deal accounted for $1.5 billion of his net worth, but Forbes now estimates it at a mere $400 million.

Forbes said that the $400 million remaining of his net worth comes from real estate, cash, his music catalog, and a 5% stake in ex-wife Kim Kardashian’s shapewear firm, Skims.

Of course, it’s likely that Ye still considers himself a billionaire, given that he has complained for years that Forbes was underestimating his net worth. Forbes reported that in 2020 — when it first listed him as a billionaire — he texted the magazine saying, “It’s not a billion. It’s $3.3 billion since no one at Forbes knows how to count.”

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Read Also: Adidas ends partnership with Kanye West

For this year’s valuation, Ye sent documents to Forbes claiming his Adidas partnership alone was worth $4.3 billion and has claimed elsewhere that his net worth was about $7 billion.

 

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