Forbes Magazine officially names rapper Kanye West a Billionaire

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American Rapper Kanye West; Courtesy Photo

By Pato Patrick’s Sentongo

Rapper Kanye West is now a billionaire thanks largely to the basketball shoes bearing his name that he developed with Adidas, Forbes magazine said on Friday.

The rough figure of the wealth of Kim Kardashian’s hubby is $1.3 billion, the magazine said in announcing the musician is now on its list of people worth atleast $1billion.

The 42 year old, Chicago-born rapper’s Yeezy footwear often sells for more than $200 a pair in the United States and elsewhere.

Kanye was associated with Nike for years but broke away in 2013, lending his name to Adidas as they launched their first shoe together in 2015.

“Kanye West has been pressing us as a magazine to be listed as one the mega rich Person but we declined because of lack of proof.” An insider from Forbes magazine said. Much of the rest of West’s wealth comes from Real estates he owns, the magazine said.

Kanye West is now the second American rapper to make it to the Forbes List after Jay-Z who made the cut last year.

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