Business Insider claims they recently got their hands on Kanye West‘s documents which he filed with the Federal Election Committee and they state that he has a net worth of “hundreds of millions of dollars,” rather than billions as the rapper has claimed.
According to Hot New Hip Hop, Kanye estimates that three of his companies, Yeezy Footwear, Yeezy Apparel, and Yeezy, are worth $50 million apiece.
Interestingly, Kanye was in the headlines earlier this year after Forbes named him a billionaire, and the rapper responded with claims that he actually has $3.3 billion. Even though the reports seem to contradict Kanye’s remarks, the rapper has reportedly taken to his Twitter to say that he’s worth more than $5 billion now.
West used his Twitter account this week to say that he once had $53 million in debt but now has a net worth of $5 billion, a trajectory which happened in just under four years. The performing artist goes on to thank God and Jesus for giving him the opportunity to succeed.
Regardless of how much money the rapper is really worth, it appears Kanye is doing very well in comparison to the way he was behaving just a few months ago. As most know, the artist was all over the headlines earlier this year when he put Kris Jenner and Kim Kardashian on blast on his social media account.
From $53 million in debt to a net worth of $5 billion in 4 years. Thank you, Jesus. I know I fall short, but I repent. I am fully in service to our Lord and Savior Jesus Christ. We are building schools of the future. Thank God for providing the increase. pic.twitter.com/BwEitkOdqD
— ye (@kanyewest) October 8, 2020
Kanye claimed his wife and mother-in-law were both trying to “lock him up,” and this was around the same time that he did a campaign rally in North Carolina in which he got up on stage and cried over having considered aborting his first child with his wife.
Kanye was excoriated in the press for his emotional speech which many described as “deranged” and “crazy,” however, defenders of the rapper said he was merely passionately reflecting on a potentially traumatic event in his life which almost came to fruition.
As it was previously reported, West announced he was going to run for the 2020 presidency back in July. This wasn’t long after he started working with Gap, the clothing company, on a new project.