It sounds like Kanye West is approaching billionaire status, just like his sister-in-law Kylie Jenner.
During a recent appearance on Jimmy Kimmel Live, Kim Kardashian was questioned about her bank account and whether or not it was close to the 10-figure range.
“You’re not almost a billionaire, are you?” Jimmy asked.
“I would say my husband is one, so that makes me one, right?” Kim responded “Close. Close, by proximity.”
Well, it seems Mrs. West wasn’t exaggerating.
According to a recent report by The Blast, Kanye is on the verge of becoming a billionaire. And it’s all thanks to the success of Yeezy.
The outlet reports that the clothing/footwear brand received a valuation of $1.5 billion. Now, we know what some of you are thinking: Just because a company is worth over a billion dollars, doesn’t necessarily mean its founder is.
This is true; however, Kanye is still Yeezy’s majority stakeholder, which means “he is right at the line of being considered a billionaire.”
Ye addressed the brand’s impressive growth in a tweet posted back in April. He claimed Yeezy was the second-fastest growing company in history, and that it was a “unicorn” that would soon become a “decacorn.” For those unfamiliar with the term, a “unicorn” is a privately held startup company worth $1 billion or more; a “decacorn” is a startup with a value of at least $10 billion.