Kanye West’s net worth in 2020 is estimated to be in the millions of dollars. Kanye West is a rapper, fashion designer, and entrepreneur from the United States. The College Dropout, Kanye’s 2004 album, catapulted him to international fame.
Out of 69 nominations, he won 21 Grammy, and he is now one of the world’s most famous and award-winning artists. He has substituted his focus from music to business in recent years. West has amassed a sizable fortune through his Yeezy/Adidas relationship.
Kanye West net worth is $6.6 billion at the time of publishing. He is the wealthiest Black individual in United States history, male or female.
Kanye has made at least $100 million a year in recent years from his various projects. Royalties and other earnings linked to his Yeezy brand and Adidas relationship account for the vast majority of his wages.
Yeezy owns 100 percent of his Yeezy clothing brand, but he receives a royalty sale of more than $1.5 billion per year. Yeezy is a $4–$5 billion brand, according to many private bank estimates.
According to a UBS valuation from March 2021, Yeezy adds $3-4 billion to Kanye’s net worth. According to the same study, Kanye West’s deal with The Gap would increase his net worth by $1 billion.
Early Years and the Start of a Career
Kanye Omari West was born in Atlanta, Georgia, on June 8, 1977. West moved to Chicago, Illinois, with his mother after his parents divorced when he was three years old. After meeting producer/DJ No I.D., who mentored him, he started experimenting with music.
In 1997, he was given a scholarship to the American Academy of Art, but he decided to move to Chicago State University to study English. He ultimately dropped out of school at the age of 20 to pursue a career in music.
West started making beats for local artists after dropping out of college to hone his style. In 1996, he received his first official production credit on Chicago rapper Grave’s debut album, Down to Earth. Foxy Brown, Deric “D-Dot” Angelettie, and Harlem World are just a few of the artists he worked with during this period.
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Fame and a Music Career
West’s big break came in 2000 when he started working as a producer for Roc-A-Fella Records, where he worked with artists such as Ludacris, Alicia Keys, and Janet Jackson. West’s work on Jay-2001 Z’s album The Blueprint sparked widespread interest in his production abilities. Jay-Z, Beyoncé, John Legend, Alicia Keys, and Janet Jackson are among the artists he created during this period.
West’s main ambition, despite his success as a producer, was to be a rapper. After being refused a deal with Capitol Records in 2001, he persuaded Capitol Records to sign him to Roc-A-Fella Records.
West was inspired after a severe car accident in October 2002, during which he broke his jaw and recorded the song Through the Wire with his jaw still wired shut.
This song set the tone for his debut album, The College Dropout, which got leaked months ahead of its August 2003 release date. West took advantage of the extra time to remix, remaster, and edit the album, delaying its release three times.
The College Dropout was finally released in February 2004 to widespread critical acclaim, gaining him ten Grammy Awards nominations and a triple-platinum certification in the United States.