Kanye West has delivered on what he promised. After a controversial few weeks due to comments about President Donald Trump and slavery, he has returned to music in a big way.
The rapper released his latest album, “Ye,” on June 1, 2018, which is his first album release since 2016. But that’s not all he has had in the works, because West will also be releasing an album, “Kids See Ghosts,” with Kid Cudi next. The expected drop date is June 8, 2018. After this first new album release that featured other big names like Nicki Minaj, fans will surely be tuning in to see what’s coming next week.
Read on to find out the net worth of this wealthy rap mogul as he adds to it with some new music releases.
Kanye West Net Worth: $160 Million
Although the full impact of Kanye West’s controversial statements on his net worth is yet to be seen, at least one radio station program, Detroit 105.1’s The Morning Bounce, announced it would no longer play West’s music or have him on the show. Other media personalities and hashtags to #BoycottKanye and #MuteKanye have called for similar action, but those statements haven’t resulted in a documented hit to West’s net worth.
Kayne West’s net worth of $160 million is certainly a lot, but that’s less than half the family fortune. His wife, Kim Kardashian West, has a net worth of $175 million, bringing the couple’s grand total to $335 million. The couple has spent years renovating their $20 million Hidden Hills, Calif., estate since they purchased it in August 2014. They’ve spent around $20 million to overhaul the 30,000-square-foot property, according to TMZ.
Before the move, they resided at their 9,000-square-foot Bel-Air, Calif., mansion, which they purchased for $9 million in 2013 and spent more than $2 million updating. In November 2017, the couple sold the home for $17.8 million, TMZ reported. Not only did this net them a huge profit, but the sale also made history as the most expensive sale in the Bel-Air Crest community.
Kanye West’s Career
Kanye West’s debut album, “The College Dropout” (2004), included hit songs like “Jesus Walks” and “Slow Jamz.” He followed that album with his sophomore record, “Late Registration” (2005), which included the song “Gold Digger” featuring Jamie Foxx. Then came the albums “Graduation” (2007), “808s & Heartbreak” (2008), “My Beautiful Dark Twisted Fantasy” (2010), “Yeezus” (2013) and “The Life of Pablo” (2016).
His latest album debuted at No. 1 on the Billboard 200 chart. About 70 percent of sales were composed of streaming equivalent albums, which was a first for a Billboard chart-topper. In March 2017, “The Life of Pablo” became West’s eighth album to go platinum. This accomplishment is especially significant considering more than 500,000 copies were pirated, making it one of the most bootlegged albums of all time.
Unfortunately for West, the “Saint Pablo Tour” didn’t have the same happy ending. Following a slew of erratic onstage antics, West canceled the final 21 dates of the tour in November 2016.
West began releasing new music in April 2018, starting with the single “Lift Yourself,” which some believe is some sort of inside joke. He released the single “Ye vs. the People” shortly after, which features West and rapper T.I. talking about their political differences. West is also featured on Travis Scott’s new single, “Watch,” which was released in May 2018. Unfortunately for West, the media blitz didn’t seem to help generate sales for his new singles. “Lift Yourself” only racked up 4,000 digital sales in its first week, and “Ye vs. the People” reached only 12,000 in digital sales, Fader reported.
West tweeted that he plans on releasing two albums in June 2018: a seven-song album due out June 1 and a collaboration with Kid Cudi due out June 8. But it remains to be seen if radio stations will even play his music.
Kanye West’s Business Ventures
Apart from music, Kanye West is also a fashion designer with his own collection: Yeezy. Yeezy Season 1 debuted at New York Fashion Week in February 2015 as a collaboration between West and Adidas. West debuted Yeezy Season 6 — the most recent Yeezy collection — on Instagram, a departure from his usual NYFW debuts.
Prior to joining forces with Adidas, West created a successful line of Nike Air Yeezy sneakers. But he cut ties with Nike in November 2013, claiming the company didn’t pay him royalties. West’s initial endorsement deal with Adidas was valued at $10 million. In June 2016, the company announced a new partnership with West that could turn him into a billionaire, according to TMZ. Under the terms of this agreement, he’ll get his own Yeezy retail shops. West will also design basketball and football athletic wear over the next few years.
In April 2018, West claimed on Twitter that he is “currently the single highest paid person in footwear. That means I make more money on shoes than Michael Jordan.” Whether or not his claims are true, his Adidas contract is definitely lucrative — and he won’t be losing it due to the recent controversy surrounding him. In an interview with Bloomberg TV, Adidas CEO Kasper Rorsted said that the company has not discussed dropping its deal with West, even though “there clearly are some comments we don’t support.”
Beyond Yeezy, Kardashian West and West debuted their own line of children’s clothing in May 2017.
About Mrs. West: How Kim Kardashian Built Her Multimillion-Dollar Empire
Kanye West’s Family
In October 2013, West spent an estimated $6.2 million to surprise his then-girlfriend, Kim Kardashian, with an elaborate marriage proposal in San Francisco. The couple married in Italy the following year in an extravagant ceremony thought to have cost roughly $2.8 million, as reported by E! News. This sum does not include the cost of their prenuptial festivities in Paris, which involved renting out the Palace of Versailles for their wedding rehearsal.
Frequently vocal about his love for his wife, West has a history of showering her with over-the-top gestures. For example, for Mother’s Day 2016, West woke his wife with a surprise performance by a string ensemble in their living room. For Christmas 2017, West surprised Kardashian West with hundreds of thousands of dollars in stock options from major performing brands such as The Walt Disney Company, Adidas, Netflix and Apple. Kardashian West splashed the generous gift all over social media, touting West as the “best husband,” according to Fortune.
The couple has three children. Their daughter North was born on June 15, 2013; their son Saint was born on Dec. 5, 2015; and their third child, daughter Chicago, was born on January 15, 2018, delivered via surrogate. The decision to use a surrogate came after Kardashian West experienced birth complications in the form of placenta accreta with her first two pregnancies.
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Laura Woods contributed to the reporting for this article.
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