According to Forbes, Kanye West has officially crossed the billionaire threshold. The rapper/producer/designer provided Forbes with what they considered to be “authentic” documentation to reinforce his earlier assertions to the publication.
Forbes discovered that West owns 100% of the Yeezy brand but will remain functionally bound to Adidas for a minimum five-year period as the company manufactures, markets, and distributes the popular sneakers. The documents also showed that Yeezy ended 2019 with $1.3 billion in revenue which West’s agreement with Adidas provides him with 15% royalties on all Yeezy revenue.