The artist formerly known as Kanye West boasts that he’s a billionaire, joining an elite group of fewer than 3,000 billionaires worldwide in 2024, marking a significant milestone in his career recovery.
Despite suffering financial losses owing to his controversies, the rapper and Yeezy owner has shared a document by Eton Venture Services that states his net worth is a whopping $2.77 billion. The valuation, which places him among the top 1,000 wealthiest individuals globally — a position he previously held before his public controversies — represents a remarkable comeback in his financial portfolio since his controversial statements in 2022. That led to numerous corporate partnerships being terminated.
“The valuation is based on his music portfolio and his sole ownership of the Yeezy mark,” Eton’s statement proclaimed. The Yeezy brand alone has generated more than $10 billion in sales since its inception, demonstrating the enduring strength of his fashion empire.
Kanye — who legally changed his name to Ye in October 2021 — captioned the Instagram post: “LAA LA LA LA.” The post garnered more than 2 million likes within 24 hours of posting, showing his continued influence on social media platforms.
This marks a huge turn around for the “Stronger” hitmaker, who previously claimed he had been just “two months away” from declaring bankruptcy. His music catalog, consisting of over 200 songs, continues to generate substantial streaming revenue, with his tracks being played billions of times across various platforms.
The 47-year-old star lost a number of lucrative deals over the last few years after a number of antisemitic outbursts and outrage over his decision to promote “White Lives Matter” T-shirts at his Paris Fashion Week show prompted several major brands to cut ties with him. These partnerships were estimated to be worth more than $1 billion collectively, including his highly profitable collaboration with Adidas.
And Ye — who has North, 11, Saint, 10, Chicago, 6, and Psalm, 5, with ex-wife Kim Kardashian, 44 — said his antics took a toll on his finances and left him close to going broke. The divorce settlement reportedly included substantial child support payments, estimated at $200,000 per month.
“I’ma just be honest with y’all. I was two months from going bankrupt, and I put everything I had into it [the album and the Super Bowl advert],” Ye claimed in an interview with TMZ.com last February. The Super Bowl advertisement cost an estimated $7 million for its airtime, representing a significant investment in his brand’s revival.
“We moved to Italy. We moved to the factories, and we survived. We survived through the cancellation. We’re back number one.” His relocation to Italy coincided with a strategic restructuring of his business operations, including new manufacturing partnerships and distribution channels.
He was asked if he felt the controversy “helped” him and Kanye replied: “It wasn’t about the controversy. It was about being able to say how you felt out loud. The fashion industry generates over $1.5 trillion annually worldwide.”
“If I didn’t have the various skill sets of music and clothing and the fanbase, they would have been able to destroy me. But because we had all those skill sets, somehow I’m here inside of this universe able to fight.” His diverse portfolio includes music rights, fashion ventures, and real estate investments, which have helped maintain his billionaire status.
When Ye – who is now married to Bianca Censori, 30, the Head of Architecture at his fashion brand Yeezy – was asked if he regretted airing his antisemitic views in the past. Undaunted, he declared: “They got the right to their opinion, I got the right to my opinion.” His marriage to Censori came shortly after finalizing his divorce from Kim Kardashian, marking a new chapter in both his personal and professional life.
The rapper’s financial recovery has been closely watched by industry analysts, who note that his ability to maintain brand value despite controversies demonstrates the resilience of his business model. His music streaming numbers remain strong, with billions of plays across various platforms, contributing significantly to his current net worth. The Yeezy brand continues to generate substantial revenue through direct-to-consumer sales and international markets, proving the durability of West’s fashion empire despite previous setbacks.
