Kanye West’s Net Worth has seen a massive downshift in the recent few months. Once worth more than $1 Billion, the artist from Chi-town (Chicago) is now worth around $500 million. Kanye West was once ranked the richest self-made black individual in U.S. History.
At his peak, Kanye West’s Net Worth was more than $2 Billion. Kanye West is an American rapper, singer, songwriter, record producer, and fashion designer. Born in Atalanta, and raised in Chicago, he gained recognition in the early 2000s as a producer. Here’s a look at Kanye’s journey.
Early Life
Kanye West was a prodigy. He started writing poems when he was five years old. He dropped out of Chicago State University to pursue his musical career. He initially started his career as a ghost producer and his breakthrough came from working on Jay-Z’s 2001 album, ‘The Blue Print’. Kanye West’s Net Worth around that time was less than $1 million.
Musical Career
Kanye’s first album, ‘The College Dropout’ reached No.2 on Billboard 200. His third studio album, ‘Graduation’ is widely considered to be one of his best works yet. With almost 1 million copies sold in the first week and multiple Grammy nominations and wins, his second album propelled him to stardom.
His latest album, Donda was released in August 2021, after multiple delays. The album was Kanye’s 10th consecutive chart-topper on Billboard 200, tying the record set by Eminem. With over 160 million records sold, and 24 Grammy Awards, he is one of the world’s best-selling music artists.
Kanye West’s Net Worth 2023
Kanye West’s Net Worth has tanked in recent years and there are a lot of factors that contribute to it. The decline in his net worth comes at the hands of poor fashion deals, business ventures, political views, and anti-semitic remarks.
In October 2022, Forbes estimated that his net worth to have dropped and a large part of this is due to Adidas’ termination of their partnership following a series of public antisemitic statements. West had signed a 10-year deal linking Yeezy with GAP but ended the deal a year later.
What happened to Kanye West’s Net Worth in 2023?
West has been an outspoken and controversial celebrity throughout his career. In 2022, he deemed abortion as genocide and population control of black people. Later that year, he made a stem of antisemitic statements which resulted in the termination of his collaborations and sponsorships.
Vogue, CAA, Balenciaga, GAP, and Adidas were some of the brands that resulted in Kanye West’s Net Worth taking such a fall. Apart from abortion, he also made remarks on slavery, holocaust, and Adolf Hitler. He even claimed to be a Nazi.
His honorary degree from the School of the Art Institute of Chicago was later rescinded. As of 2023, Kanye West’s Net Worth has reached an all-time low. Many fans of the artist try to separate the art from the artist, as he is widely considered to be the greatest hip-hop artist of all time.
