Kanye West is a billionaire, according to Forbes magazine, which verifies the artist has a wealth worth $1.26 billion.


He formally joined the billionaires club.

The rapper-who is married to reality star Kim Kardashian-was estimated at $1.26 billion by Forbes Magazine. Forbes split his assets, evidently after Kanye took offense not to be listed on their billionaires list.

On Friday, the magazine reported that the rapper recently received records for release, providing them a "authentic numerical peek at Kanye, Inc." to support the feat.

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The report indicates that it arrives after West has been willing to assert its financial worth for some time, mentioning that it has recently stated to be a billionaire at the Fast Company Innovation Festival in 2019.

"I gave them a $890 million receipt when I did Forbes, and they still didn't tell 'billionaire,'" Kanye said at the event.

The newspaper has already estimated its holdings at just over a billion, saying that it is worth around $1.26 billion because it gave them records.

They noticed, however, that the rapper believed that the amount would be at least around $3 billion and that he was not happy with their valuation.

"It's not a billion," West said on Thursday night of the paper. "It's $3.3 billion, but no one at Forbes understands how to count."

The report breaks down his assets-noting that the wealth in houses and property falls primarily from the residences he occupies with Kim and their four children South, six, Saint West, four, Chicago, two, and Psalm, 11 months.

He has two $14 million ranches in Wyoming, too.

The newspaper combed the documentation he received to break down his investments in Adidas Yeezy, the apparel partnership between the artist and the German sportswear brand, which they say has a turnover worth about $1.3 billion.

The article explains: "Yeezy is a dynamic commodity. West controls 100% of it, but it has been technically related, for at least five years on the basis of the documentation we've seen, to Adidas, which makes,markets and distributes the shoes."

Kanye earned total profits of around $140 million from revenues last year.

They also mentioned that there is a debt-with interest on deposits, loans and other obligations, Forbes said they "saw around $100 million that West is on the hook for." Meanwhile, West's sister-in-law Kylie Jenner, 22, was recently called Forbes as the youngest self-made billionaire in the second year in a row after selling 51% of her cosmetics company.

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