Forbes Dangote Not Kanye West Is The Richest Black Man

Forbes Dangote Not Kanye West Is The Richest Black Man…
Yesterday We brought a report to you that Bloomberb and UBS rate Kanye West as the Richest Hip Hop musician and the Richest Black Mqn in History of the United States Of America, because of the rise in the value of his Yeezy brand as a result of his signing a deal with Adidas and GAP, Forbes Magazine has come out to counter that claims by stating that the claims that Kanye West is currently the Richest Black Man with a net worth of $6.6 billion is based on a magical future earnings estimation which may not play out. According to them, Kanye West net worth is $1.8 billion, Aliko Dangote is the richest black man with a net worth of $11.8 billion, while Robert F. Smith is the Richest Black Man in America with a total net worth of $6 billion.



Here is the exact statement as released on :

“On Wednesday, multiple outlets reported that Kanye West is the richest Black person in America, worth as much as $6.6 billion. The news comes after Bloomberg reported that his sneaker brand, Yeezy—as well as Yeezy Gap, which has yet to sell one stitch of clothing—have a combined value of as much as $4.7 billion. The publication mentioned, without going into full detail, an additional $1.7 billion in assets.

It’s not true, based on our calculations. Forbes estimates he’s worth less than a third of that, or $1.8 billion. That’s a big jump from last May when Forbes first pegged his net worth to be $1.3 billion, but nowhere near as much as the purported $6.6 billion. Vista Equity’s Robert F. Smith remains the richest Black person in the U.S., worth an estimated $6 billion, while Aliko Dangote of Nigeria, worth $11.8 billion, is the richest Black person in the world.”



Forbes Dangote Not Kanye West Is The Richest Black Man…
Forbes rate Kanye Wests net worth as follows:

YEEZY – $1.5 Billion
SKIMS LABEL – $64 Million
YEEZY & GAP – $0



Kanye West is yet to release a statement in response to Forbes, soon as we get it, we will bring it to you. Before then, its important to note that some people are of the opinion that Forbes estimate of Kanye Wests net worth is bias, as their estimate of his net worth in the past has been bias. They once said he was a millionaire when he declared he was a billionaire. Here are a few of such opinions as taken from Twitter:



“@iamkoshiek – Even Stevie Wonder could see how Forbes got this horribly wrong. Meth instead of math! Is Kanye worth only $1.8bn? Absolutely no chance.”



“@trish_regan – Well, perhaps Bloomberg and Forbes can at least agree the capitalist American economy is working pretty well for him? Sales of his Yeezy line grew 31% during the pandemic to a reported 1.7b.”


“@leMichelleXx – #Forbes calls Kylie “self made millionaire” butttttt questions Kanyes worth?! Tacky.”



“@DaveTrent9 – As someone who works in finance, you would seriously get laughed out the room for an analysis like this.
To value this deal at 0 just because it hasnt launched yet makes no sense at all, esp given its launching this year. Valuation finance is all about projections and forecasts so if youre not willing to do that why even bother assessing the future value of anything?
The only way this deal is worth 0 is if no products are released and Kanye walks away. Given the fact he signed a 10 year deal in 2019 and GAP recently said the collection is ready, this is highly unlikely.



Forbes Dangote Not Kanye West Is The Richest Black Man…
What do you think about this? Let us know by commenting below. Thanks for reading.


READ ALSO : Kanye West Becomes Richest Black Man


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