The iconic sneakers placed Kanye in a world of his own, and consumers haven’t tired of them. The coveted shoes skyrocketed in price online, which sneaker-heads lapped up like milk from a spoon. Two years later, the Yeezy Boost 350 sneaker was born, which created an insane resale value. The cult following for West’s designs quickly grew and eventually lead to a 10-year contract with Nike’s rival company Adidas in 2013. West’s career in the fashion industry started from a sneaker collaboration project between Nike and himself - Air Yeezys - which launched in 2007. 5 on its 2022 list of highest-earning celebrities at $235 million, based largely on the success of his Yeezys line of sneakers for Adidas. Even so, his musical endeavors account for just part of his wealth.
West has produced music for the likes of 6ix9ine, XXXTentacion, Lil Pump, Chance the Rapper, Kid Cudi and Teyana Taylor. In 2002, West was in a severe car crash that left his jaw wired shut and inspired the track “Through the Wire,” which featured on “The College Dropout.” The album was titled appropriately, as West had dropped out of Chicago’s American Academy of Art to pursue music. The American rapper, producer, fashion designer and entrepreneur began his music career in 2000 as a producer for Jay-Z’s Roc-A-Fella Records, working with artists like Alicia Keys, John Legend and Janet Jackson. Donda played a tremendous role as both his mother and manager, publishing the book “Raising Kanye: Life Lessons from the Mother of a Hip-Hop Superstar” just six months before her passing in November 2007 due to surgery complications. He and his mother then relocated to Chicago and even lived in China for a year when Kanye was 10, a period he has said had a huge impact on his life. West lived with his parents, Ray and Donda West, for three years until their divorce. So how did Kanye West make the fortune he so quickly lost? Early Life and Rise to Music Stardomīorn Kanye Omari West on June 8, 1977, in Atlanta. West’s current net worth is based on his cash and real estate assets, approximately how much his music catalog is worth and his 5% stake in shapewear brand Skims, which is owned by his ex-wife Kim Kardashian, according to Forbes. It’s rumored that he’s been dropped by Def Jam Records as well, according to ET.
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His entertainment-based income is in jeopardy as well as talent agency CAA and film and TV production company MRC. In addition, fashion house Balenciaga and Vogue magazine have cut ties with him. Donda Sports has taken a hit as well as the NFL’s Aaron Donald and NBA star Jaylen Brown ended their partnerships with the mogul. On top of that loss, Yeezy products have been pulled from the shelves at the Gap and Footlocker. The financial site noted that without his $1.5 billion from Addidas, he lost most of his $2 billion fortune. He is now worth $4 million, according to Forbes.
Learn: Best Cities To Retire on a Budget of $1,500 a Month Read More: 10 Richest People in the World After being flagged on Instagram and Twitter for antisemitic comments, companies who partnered with the rapper are dropping him en masse.
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