Debt To Billions: Kanye West Celebrates $5B Net Worth
American rapper, Kanye West has expressed his joy as his net worth reaches $5 billion after being in debt of $53 million years ago.
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.
Kanye West, reacting to the news, 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.”
In the documents obtained by Business Insider, Kanye West 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.
During a Twitter rant just ahead of the release of his The Life of Pablo album in February 2016, Kanye revealed the financial hole he was in and solicited help from Facebook CEO Mark Zuckerberg to bail him out.
“I write this to you my brothers while still 53 million dollars in personal debt…” he wrote in since-deleted tweets. “Please pray we overcome… This is my true heart… Mark Zuckerberg invest 1 billion dollars into Kanye West ideas.”