Bloomberg: Kanye West's businesses worth five billion dollars

Kanye West's sneaker and apparel business Yeezy, a venture with Adidas AG and Gap Inc., has been valued at $3.2 billion to $4.7 billion by UBS Group AG, according to Bloomberg. An unaudited balance sheet of West finances includes also $122 million in cash and stock and more than $1.7 billion in other assets, including a significant investment in Skims, Kim Kardashian’s underwear label. West’s entire music catalog is worth $110.5 million. In 2015, West said he was $16 million in debt. A year later he said he owed $53 million. By 2018, however, he was earning more than $100 million in royalties through its Adidas relationship. Forbes made its calculations of West's wealth, and those are significantly lower. The Yeezy company that West is the sole owner of is currently worth $1.5 billion by Forbes' estimates, not $3.2 to $4.7 billion like the Bloomberg report implies. The Bloomberg report also mentioned an additional $1.7 billion in personal assets - Forbes thinks that number is closer to $160 million. Forbes estimates his total net worth to about $1.8 billion.