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Kanye West is almost a billionaire, thanks to his fashion brand

RAPPER Kanye West has almost reached billionaire status and surprisingly, it’s not thanks to his music, but something different .
Kanye West may reach billionaire status thanks to his fashion label. Picture: Angela WeissSource:AFP

Kanye West may reach billionaire status thanks to his fashion label. Picture: Angela WeissSource:AFP

MUCH like his sister-in-law Kylie Jenner, Kanye West is on the cusp of becoming a self-made billionaire.

According to The Blast, the legendary musician’s fashion label Yeezy, created in partnership with Adidas, just received a valuation of close to $A2.03 billion. Seeing as West is a majority stakeholder in the brand, this recent assessment would put the rapper’s personal net worth somewhere around a billion dollars.

Kanye West is almost a billionaire. Picture: Angela Weiss
Kanye West is almost a billionaire. Picture: Angela WeissSource:AFP

A source told the website that West “has received several offers for investments and potential buyers of the company, but he has not decided yet how much, if any, he wants to part with.”

During an appearance on “Jimmy Kimmel Live” earlier this week, West’s wife, Kim Kardashian, warned fans that her husband would be imminently joining the so-called “three-comma club.”

Asked if she was “almost a billionaire,” the Selfish author replied, “I would say my husband is, so that makes me one, right? Close by proximity.”

West with wife Kim Kardashian. Picture by: SPW
West with wife Kim Kardashian. Picture by: SPWSource:Splash News Australia

Back in April, West shared this rather prescient tweet: “Yeezy will hit a billion dollars this year. It is the 2nd fastest growing company in history. It is a unicorn on its way to becoming a decacorn.”

While many scoffed at the bombastic statement at the time, it appears the rapper’s prediction was dead on.

Last month, Forbes published a story on 20-year-old Jenner, who is set to become the youngest ‘self-made’ woman billionaire in America.

This article originally appeared on the New York Post and has been republished here with permission.

Source: News Corp Australia Network:

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