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Business Insider

Kanye West says he’s a billionaire – and that he has the receipts to prove it.
But Forbes magazine estimated West’s fortune at US$240 million in June.
West, who released his widely anticipated album Jesus is King on October 25, has made around US$150 million in 2019 – almost double the US$81 million fellow rap icon Jay-Z made during the same period, according to Forbes.
But most of West’s fortune doesn’t come from his music, Forbes reported. His footwear and apparel brand Yeezy, in partnership with Adidas, is expected to bring in more than US$1.5 billion in sales in 2019.

Here’s a look at how West has built and spends his multimillion-dollar fortune.
West is now officially the highest-paid person in hip-hop, according to Forbes, surpassing Jay-Z for the first time, and is worth about five times more than he was in 2014.
Yeezy’s success has stemmed in part from West’s unique marketing strategies. He rolls out new products in limited numbers, which boosts the hype and causes them to sell out quickly.
It helps that his equally famous wife, Kim Kardashian West, is among his biggest supporters.
In 2018, Kardashian West was at the centre of her husband’s Yeezy Season 6 campaign, stepping out in public wearing the new collection and being photographed by the press.

Despite his current success, West’s personal-finance journey has been somewhat tumultuous.
In 2014, he was worth an estimated US$30 million, according to Forbes. But in 2016, he tweeted that he was US$53 million in debt and asked Facebook founder Mark Zuckerberg to invest US$1 billion in “Kanye West ideas”.
Now, West’s net worth is estimated to be somewhere between US$240 million and US$1 billion. He and his family live in a palatial US$60 million mansion in Hidden Hills, California.
The 15,667-square-foot (1,450-square-metre) home sits on three acres with expansive gardens, vineyards and fountains. The couple bought the home in 2014 for US$20 million and reportedly spent four years and US$20 million renovating it before they moved in in 2018.

The hip-hop artist has also dropped millions on real estate around the country. In New York City, his former Soho apartment (bought by West in 2004 and sold in 2018) just went back on the market for US$4.7 million.
Days before his one-time Manhattan apartment hit the market, West bought a US$14 million ranch in Wyoming. The massive property includes a restaurant and saloon, a ranch-style event venue, a maintenance shop, an office building, horse barns, sheds, corrals, storage facilities, and a state-of-the-art shooting range.
West also owns 300 acres of land in Calabasas, which neighbours the Hidden Hills gated community that he and his family currently call home. It’s unknown how much he paid for the property.
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In a 2018 interview with radio host Charlamagne Tha God, West said he wanted to be “one of the biggest real estate developers of all time, what Howard Hughes was to aircrafts [sic] and Henry Ford was to cars.”
West branched into commercial real estate earlier this year, when it was reported that he would invest US$1 million into a historic Chicago theatre.
The owner of the Avalon Regal Theatre said in February that West had committed to spending US$1 million to renovate and reopen the 91-year-old cinema, the Chicago Sun-Times reported.
Earlier this year, West discussed relocating to Chicago – where he grew up – with his family.

When it comes to buying lavish gifts for his wife, West goes all out.
Kardashian West has been spotted carrying a Hermes Birkin bag – which can sell for between US$9,000 and US$500,000 – that was gifted to her by West and painted by her daughter, North.
Kardashian West’s 20-carat diamond engagement ring, worth an estimated US$4.5 million, is among the most expensive celebrity engagement rings. That ring was not the ring West proposed with, but an upgrade from the original 15-carat ring reportedly stolen when Kardashian West was robbed in Paris in 2016.
I would say my husband is [a billionaire]. So that makes me one, right? Close, by proximity
Kim Kardashian West
The hip-hop artist also spends extravagantly on his children. For Christmas in 2014, West reportedly spent US$74,000 on gifts for his firstborn daughter, North, who was 18 months old at the time. The haul included a US$62,000 diamond-encrusted tiara and a US$12,000 toy replica of his black SUV.
He has been photographed driving several different luxury cars that each cost hundreds of thousands of dollars. According to website Auto World News, West has been photographed several times driving an Aston Martin DB9.

Although the exact extent of West’s fortune is unclear, Kardashian West suggested last year that her husband was probably a billionaire.
In a July 2018 interview with Jimmy Kimmel, Kardashian West said it didn’t come as a surprise to her when reported that her younger sister, Kylie Jenner, was almost a billionaire. (Less than a year later, Forbes reported that Jenner had indeed reached billionaire status.)
“You’re not almost a billionaire, are you?” Kimmel asked Kardashian West.
“I would say my husband is,” Kardashian West said. “So that makes me one, right? Close, by proximity.”


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How ‘billionaire’ Kanye West spends his money: cribs, cars … conservation?

Kanye West is now officially the highest-paid person in hip-hop, according to Forbes, surpassing Jay-Z for the first time, and is worth about five times more than he was in 2014.

Kanye and wife Kim Kardashian West

Avalon Regal Theatre

Yeesy Boost 350 trainers

Kanye home in Hidden Hills, California

FILE - In this June 24, 2015 file photo, American TV personality Kim Kardashian attends the Cannes Lions 2015, International Advertising Festival in Cannes, southern France. A new suspect is facing potential charges in the investigation into a 2016 jewelry heist in Paris targeting Kim Kardashian West. A judicial official said Friday April 13, 2018 the suspect was detained Tuesday, and is meeting Friday with an investigative judge who is expected to file preliminary charges. (AP Photo/Lionel Cironneau, File)

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epa05441069 US singer Demi Lovato performs on the first day of the Democratic National Convention at the Wells Fargo Center in Philadelphia, Pennsylvania, USA, 25 July 2016. The four-day convention is expected to end with Hillary Clinton formally accepting the nomination of the Democratic Party as their presidential candidate in the 2016 election. EPA/PETER FOLEY

Lifestyle

Entertainment

Culture


From gifts to wife Kim Kardashian West and a large real estate portfolio to renovating an old cinema, West spreads his earnings around
Forbes might not agree he’s a billionaire, but say he is now officially the highest-paid person in hip-hop, overtaking Jay-Z



From gifts to wife Kim Kardashian West to a large real estate portfolio, West – now officially the highest-paid person in hip-hop, overtaking Jay-Z – might be among few thinking he’s a billionaire, but he seems to spend like one.


Fame and celebrity