Kanye continues to be a pioneer and a successful businessman, especially with his existing ventures, even though the media negatively portrays him amid a major marital catastrophe with his wife, Kim Kardashian.
As of right now, Kanye is receiving a lot of negative press from his estranged wife Kim Kardashian and her current partner, SNL comedian Pete Davidson.
The latter and Ye have lately been engaged in a verbal scuffle on social media, with supporters interjecting to either settle the battle down or stoke the flames even further on both sides.
Following Kanye West’s controversial treatment of Kim Kardashian and her family, fans of Pete Davidson, dubbed “Skete,” have attempted to draw parallels between the comedian and the rap mogul’s treatment of the Kardashians.
However, devoted Kanye followers defend him, believing that the rapper can provide more financial support for his family than Skete.
While this is true, some fans are still doubtful that Kanye would be able to support his family with the luxury lifestyle they have been accustomed to.
Kanye West’s net worth in 2022
Kanye West is the second-highest-paid rapper in 2021, trailing only Jay-Z, who earned $250 million in a single year.
Ye’s current net worth has risen to $1.8 billion due to his 2021 earnings, which places him at No. 5 on Forbes’ list of the world’s highest-paid entertainers in 2022.
In his present financial situation, most of his revenues come from his footwear business, “Yeezy.”
Yeezy’s yearly income is expected to grow by 31% to approximately $1.7 billion in 2020, with $191 million being earned royalties.
The company GAP is valued at up to $970 million, and Ye is collaborating on the “Yeezy” line with them, which might be worth up to $970 million.
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According to the New York Times, Kanye signed a 10-year deal with Gap intending to have “Yeezy GAP” create $1 billion in yearly sales by the conclusion of the first five years.
His other holdings include $122 million in cash and stock and more than $1.7 billion in other assets, including a stake in his ex-wife Kim Kardashian’s “Skims” clothing company.
In addition, Ye’s whole song collection is worth $110.5 million, according to Forbes.
The artist’s most recent bold decision, to only distribute his current album, “DONDA 2,” on the streaming service Stem Player, resulted in immediate and significant income, totaling $2.2 million in advance of the record’s scheduled release.
Just by looking at Ye’s current net worth, it can be concluded that he makes far more than Pete Davidson, who was claimed to have a net worth of only $8 million at the time of writing.