What is Kanye West's net worth now? Billionaire plans to get a cut of paparazzi money
Kanye West was in no mood to joke when he told paparazzi that he would change the rules and would want to make money off them clicking his pictures
Kanye West was officially declared a billionaire by Forbes in April 2020 when they publicly announced his net worth amounting to a whopping $1.3 billion. Despite the rich man he is, it did not stop Kanye to ask for a percentage share from the paparazzi when he most recently got papped at the airport. The Grammy-winning rapper spoke to a few photographers who were apparently waiting to click the acclaimed rap star telling them he would want a cut off of his photos and videos they earn from milking his image.
The 44-year-old rapper, who is one of the richest Black men on the planet, was in no mood to joke when he told paparazzi that he would change the rules and would want to make money off them clicking his pictures. According to a video shared by No Jumper on Twitter, the rap icon stated, “Right now y’all get to shoot us without having to pay. I’mma change that,” adding, “I’m not saying it in a negative way. It’s just like, right now, it’s just really one-sided.” Kanye West was reportedly leaving Miami after hanging out and making music for ‘Donda 2’ with DJ Khaled and other friends.
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‘You don’t give us any percentage’
Kanye West, who has drastically improved his net worth in the last few years, decided to school the paparazzi as he further stated that they don’t give the celebrities any percentage off what they make from their images. He added that both the parties would make money and it could no longer be one-sided. “You guys can follow us, you guys can stand [outside] a hotel at any given time- you don’t give us any percentage of what you’re making off of us, off of our kids, and I’m gonna change that”, said the ‘College Dropout’ hitmaker.
The Chicago native added, “We all gotta make money together. It can’t be a one-sided thing. Look, if I’m just with my kids, I say I don’t want you to shoot me, then that’s just something y’all gotta respect. We can get that money together, but we gotta have a conversation.” Kanye also added that the paparazzi gaslighted him during his altercation with a 40-year-old autograph-seeker who was allegedly punched by the rapper in Los Angeles this month. The rapper said that he was not a fan but someone who was trying to make money off his name. Before leaving the spot, Kanye concluded, “I respect your job. My dad was a photographer at a newspaper. I love paparazzi. But as Americans, we gotta respect each other. We gotta bring the pride back to this country.”
Kanye Tells Paparazzi He Wants a Percentage of the Profit They Make— No Jumper (@nojumper) January 23, 2022
From Using His Photos pic.twitter.com/CJAZs6YXnS
What is Kanye West's current net worth?
Just like other musicians, Kanye too rakes-in an impressive amount of money from streaming, sales charts, concerts, collaborations, and lucrative endorsement deals. According to Celebrity Net Worth, the legendary rap star is valued at a massive $6.6billion. Kanye, who now goes by the name of Ye, pockets fat paycheques from his Yeezy sneakers which is a long-term collaboration with Adidas.
Kanye, also reportedly raked in a whopping $12million before the release of his 10th studio effort ‘Donda’- all thanks to the multiple listening sessions he held at different venues. The hip-hop artist also has a share in his estranged wife’s Kim Kardashian's shapewear and loungewear company Skims. He reportedly earned close to $65million from the same. Kanye, of course, walks happily to the bank after his new music releases. He reportedly clocked $90million last year from his impressive music catalog. Forbes had, however, disputed his net worth back in 2020 saying, “West’s aggressive $3 billion self-appraisal is clearly based on the idea that the business is infinitely portable. It’s not. Taking Yeezy away from Adidas seems almost prohibitively cumbersome, if not contractually impossible.”
The publication reported, “We tend to look at self-appraisals somewhat skeptically. Aside from the music, half of all this presumably belongs to his wife, although she’s no slouch and that math goes two ways. Given the illiquidity of these myriad assets and the lack of independent backup, we’re giving all of this a 50% haircut, leaving about $125 million in assets outside of his Yeezy crown jewel. Then, there’s debt: Between mortgages, advances, and other liabilities, we saw about $100 million that West is on the hook for." Kanye, in a nutshell, earns close to $100million every year.