Kanye West has stated that he now has a net worth of $5 billion after falling “$53 million in debt”
The rapper, 43, took to Twitter on Thursday October 8, to celebrate his finances after Ok! Magazine published an article that claimed his net worth is $5 billion.
Reacting on Twitter, he wrote: “From $53 million in debt to a net worth of $5 billion in 4 years,” he tweeted.
“Thank you, Jesus. I know I fall short, but I repent. I am fully in service to our Lord and Savior Jesus Christ.
“We are building schools of the future. Thank God for providing the increase.”
The tweet comes after Business Insider revealed on Monday that he disclosed his financial assets and liabilities as part of his candidature for the presidential elections.
In the documents obtained by the outlet, the rapper values three of his companies (Yeezy LLC, Yeezy Apparel LLC, and Yeezy Footwear LLC) at $50 million each.
His assets also include his music-related intellectual property Mascotte Holdings Inc., which is valued between $5 million and $25 million, and publishing and content creation firm West Brands LLC, valued at up to $5 million.
He additionally has stakes in Adidas, valued between $25 million and $50 million, along with stakes in Nike, between $5 million to $25 million. He also added a $5 million income excess from the last year through his clothes, music, and marketing.
However, the father of four revealed in the document that he has up to $100 million of debt, mostly from mortgages.
Source: LindaIkeji Blogspot
UPCOMING TOP EVENTS!
Hub of Africa Addis Fashion Week will highlight the growing talent of African designers and brands to the international market. It is committed to being a part of the growth of the industry in Ethiopia and the region by making Addis the HUB, encouraging designers, making links between buyers, manufacturers, and international media.
It will bring local and regional key industry individuals with seasoned international industry figures to discuss and share ideas and experiences on how to grow and develop the fashion and garment industry to compete in the global market.
FashionGHANA Honors & Awards are also known as #FGHA began in 2018 as a fixated awarding process in between Accra Fashion Week runway shows. The award was heavily appreciated in 2019 is had a whole day dedicated to the awards night during Accra Fashion Week. After skipping a year during the pandemic in 2020, the event returned in 2021 holding the biggest fashion awards during the year.
This edition will explore the frontiers where the growth of the sustainability movement in Africa is stunted, and entice more eco-friendly brands to shift their focus to the growing African population. Will feature spectacular collections and creative designs from different designers from Ghana and beyond who will light up the runway.
Will be the biggest combined dish of thrilling music and exciting fashion with this new opportunity that will be given to young aspiring designers.
Will feature an ALL STAR cast of crowd-pulling models, prominent politicians from the major parties (to exhibit national cohesion), and professional models.
Ghana’s leading fashion event Accra Fashion Week is scheduled for 7-11 December 2022 following their 5th-year celebration last year in 2021. Accra Fashion Week is a platform for African designers that can be compared to fashion weeks across the major capitals. It aims to fill the void which sees tremendous creativity and culture across the continent with the absence of an operating fashion infrastructure.
The epic event took place at Ghana Dubai in Accra, and saw models march down the steps from the Kwame Nkrumah Monument whilst being followed by a spotlight, before circulating the central fountains. Memories of the exciting night still give chills as guests revisit the experience on youtube.
However, rest assured that 2022 is going to be even more exciting with greater performances and an upgraded designer collection. FashionGHANA.com is sure to bring you the exclusives we did on www.FashionGHANA.com/TV. All last year’s shows are available to watch on youtube. Designer’s registration is ongoing on the AccraFashionWeek.org website.
DIRECTION COLLECTION: OUT NOW!
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