The iconic fashion designer, producer, and rapper provided documentation to the financial publication that proved his status that “confirm, based on our estimates, that his stake in Yeezy indeed makes him a billionaire. A bit over $1 billion, actually.”
This new financial milestone comes largely in part due to the Yeezy brand, which Yeezy owns 100%. He is still, however, indebted to Adidas for a minimum five-year period as the sneaker giant manufactures, markets, and distributes the revolutionary kicks. The documents also showed that Yeezy netted $1.3 billion in 2019, which West’s agreement with Adidas provides him with 15% royalties on all Yeezy revenue.
Courtesy Of The Source SHA BE ALLAH