Entertainment & SocietyForbes Disproves Report Of Kanye West As Richest Black Man In America

Forbes Disproves Report Of Kanye West As Richest Black Man In America

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BEVERLY HILLS, March 19, (THEWILL) – American business magazine, Forbes, has stated that born-again American rapper, Kanye West, is not the richest black person in America as speculated.

The magazine released an article on Thursday saying that publications by various media outlets about West’s huge wealth were false and misleading.

Forbes said: “It’s not true, based on our calculations. Forbes estimates he’s worth less than a third of that, or $1.8 billion. That’s a big jump from last May when Forbes first pegged his net worth to be $1.3 billion, but nowhere near as much as the purported $6.6 billion.

Glo

“Vista Equity’s Robert F. Smith remains the richest Black person in the U.S., worth an estimated $6 billion, while Aliko Dangote of Nigeria, worth $11.8 billion, is the richest Black person in the world.”

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Forbes disclosed that these latest figures were an attempt by West to increase his net worth adding that the Bloomberg article was taken from a UBS report.

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“The bank made a number of assumptions based on projected future earnings, particularly for Yeezy Gap, which hasn’t even launched yet. Bank documents like this are well-known for painting best-possible-scenario future valuations,” the article partly read.

THEWILL writes that Bloomberg had released an article where it stated that the rapper’s net worth had risen to $6.6B.

Bloomberg disclosed that the rapper’s sneaker and clothing business now supported by Adidas AG and Gap Inc, is valued between $3.2 billion and $4.7 billion.

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