Kanye West is now worth a staggering $6.6 billion, as revealed in a new Bloomberg report and confirmed by a rep to Billboard.

According to a private document obtained by the outlet, Yeezy – West’s sneaker and apparel business with both Adidas and Gap – has been valued at between $3.2 billion to $4.7 billion by the Swiss investment bank UBS Group. As much as $970 million of that total is tied to West’s new clothing line for Gap (under the Yeezy Gap label) that the retailer has slated for release by July, part of a 10-year agreement the parties signed in June of last year.

The document further reveals that Gap, an ailing brand whose partnership with West represents a play for younger consumers, expects its Yeezy line to break $150 million in sales in its first full year in 2022 and envisions it surpassing a billion dollars in revenue within eight years, or even as soon as 2023 on the upside. West stands to profit handsomely in any event, as he retains sole ownership and creative control of the Yeezy brand and earns royalties on sales under the deal, with the rate increasing as the business grows. He’ll also receive stock warrants when the collection hits sales targets, with the highest set at $700 million, according to a securities filing.

West’s longstanding deal with Adidas has been the most lucrative part of his business endeavors to date, with Yeezy sneakers continuing to fly off of shelves; according to the documents, the brand grew 31% to nearly $1.7 billion in annual revenue last year, netting Yeezy royalties of $191 million. West has been in business with the company since 2013, with their current deal running through 2026.

An unaudited balance sheet of West’s finances, provided to Bloomberg by his lawyer, shows an additional $122 million in cash and stock and more than $1.7 billion in other assets, including an investment in his wife Kim Kardashian’s underwear label Skims (Kardashian filed for divorce in February).

West’s music catalog is worth another $110.5 million, according to a 2020 valuation by Valentiam Group cited by Bloomberg.

The numbers revealed today represent a decidedly sharp turnaround for West, who in 2016 claimed to be $53 million in debt; at the time, he also took to Twitter to implore Facebook founder and CEO Mark Zuckerberg to invest $1 billion in his work. That was before West himself was named a billionaire by Forbes, which estimated his net worth at $1.3 billion in April 2020.

SOURCE

I haven’t blogged in a while, because I haven’t really found much interesting to form an opinion on. But in this instance, I have to speak out. Lets dive in.

I swear Offset murders every feature that he is on pic.twitter.com/LjLNqNIxDI

— WSHH DAILY (@WSHHDAILYMUSIC) January 17, 2018

In the video above, Offset of the Migos has a line in the song where he states, “I cannot vibe with queers“. Now as a black gay male, I can completely understand how hanging out with the gay community can sometimes be overwhelming. But the statement made was derogatory and offensive. Personally, I don’t give a fuck who Offset hangs with, but to offend the people that support you and root for your is just dumb. Gay people bumped Migos’ songs, and now it wouldn’t surprise me if there was a backlash. How do you say you can’t vibe with queers, when your whole vibe is “queer”? Every time we see you, you are dressed like a young gay man trying to make a fashion statement with your blouse. Since being attacked, Offset has attempted to “apologise”, and he attempted to spin it and say that he’s not talking about the gay community…..but that sounds like a poorly written, PR attempt that is full of grammatical errors. He can save it.

This statement however leads to the problem with the black community. Not the whole community, however, a vast majority of it. What the black community seems to do is want inclusion in America, while excluding certain groups of people. For many males, if you are a gay black female, you are celebrated. But when you are a gay black male, all of a sudden we are a disgrace, we had to have some traumatic rape that changed out lives, we aren’t respected as men and so much more. And from females, we are treated as accessories. We are fun to hang with, party with, and do all of those things, but once you realize the power that gay black males possess, there’s a lot of jealousy, hate and anger towards the black gay males. Meanwhile, a vast majority of black females today want to be gay black males.

The problem with this statement is that it is equivalent to a white person saying, “I can not vibe with [N-Word]”. That will get your blood boiling a little bit won’t it? One of my main issues with the black community, is that we are quick to categorize and discriminate against each other. Eventually black people will have to understand that gay is the new black. The same way blacks fought for their right to vote in 1965, gays were fighting for the right to marry. The same way blacks are outraged at the police brutality because of the color of their skin, gays were outraged at all these hate crimes because of who and how we love. Black people want the world to cry every time a black person is killed at the hands of the police, but were the main people saying the Pulse nightclub incident was ok and made jokes. If the black community as a whole would learn to see us for our similarities and not our differences, we could get a lot further in our journey.

According to TMZ, Tamar and Vince have filed for divorce. Now it’s no secret that they have had issues in their marriage, but she has made it clear that she was ready to focus on her marriage and give up the music aspect of her career…and this was just weeks ago.

Tamar’s rep tells TMZ the singer made an “extremely difficult decision” in filing for divorce. The rep adds, “Collectively, their son Logan and his well being during this very unfortunate process is most important.

In MY OPINION, this isn’t a real divorce. If you remember just last week, Vince lost a lawsuit against Sony, where he has to pay back $3M dollars. Oh but that’s not all, from what the world learned a few years ago, he still owes the IRS money as well. So you may be wondering why I say this isn’t a real divorce? Well, Tamar is about to go on an arena tour to promote her album with Xscape. She also has some deals with Steve Harvey coming up, one rumored to be a talk show. Wouldn’t it be horrible if you made all these big deals, and instead of going to the bank with those check, you had to pay off your husband’s financial woes? Granted, a lot of those financial woes have come from her, after it was suspected that her husband purchased most of the copies of her first album. My prediction, they will get the divorce, but will still be very much together.