Kanye West Went From Being in Debt To $6.6 Billion | 22 Words

Kanye West has lived a remarkable life, and a new report by Bloomberg outlining his journey from millions in debt to billions in the bank has only reiterated that further.

Here's the full story...

Now, it's been a long way to the top for Kanye West.

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The Atlanta-born musician first gained fame in the year 2000, when he began to produce for artists on Roc-A-Fella Records.

He would eventually go on to be credited with revitalizing Jay-Z's career with his contributions to the rapper's 2001 album, The Blueprint.

Of course, Kanye went on to gain a reputation as a solo artist...

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Releasing a number of wildly popular albums, such as My Beautiful Dark Twisted Fantasy, Yeezus, The Life of Pablo, Ye, and Jesus is King.

He has also made a name for himself in the world of fashion.

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The musician forced his way into the industry in 2004 and again in 2011, but it was his proposition in 2015 for Yeezy Season 1 with Adidas that really shifted the conversation and ultimately left a mark on the industry.

Yet despite all of this success, in 2015, the rapper revealed that he was experiencing some major financial struggles.

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He told BET that he was $16 million in debt, and said a year later that he owed $53 million and asked Facebook Inc. founder Mark Zuckerberg to invest in him.

However, Kanye has always been optimistic that his fortune will one day take a turn for the better.

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In 2013 he foretold The New York Times:

"I will be the leader of a company that ends up being worth billions of dollars because I got the answers. I understand culture. I am the nucleus."

So, with this confidence tiding him along smoothly, Kanye later began dabbling in the world of politics.

In 2018, Kanye, who is an avid Trump supporter, sat down with the then-president in the Oval Office where he proclaimed his support and declared Trump a “hero" in a bizarre, rambling televised monologue that spawned myriad parodies.

But, on July 4th, 2020, he took things to the next level.

Taking to Twitter, Kanye wrote: "We must now realize the promise of America by trusting God, unifying our vision, and building our future. I am running for president of the United States! #2020Vision."

Despite teasing the idea for years...

Nobody ever thought that he'd actually do it.

But, regardless of the haters, the rapper was deadset on his "2020 vision"...

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And in July that year, he hosted his first-ever campaign rally.

However, it was an extremely alarming experience.

via: Twitter

Kanye, who was clad in a bullet-proof vest with the numbers "2020" shaved into his head, threw his rally in Charleston, South Carolina, where he seemed to whip up various policy decisions right there on the spot, including humiliating his wife and family in the process.

His then-wife, Kim Kardashian, was later forced to address Kanye's erratic behavior.

She posted a lengthy Instagram story explaining how difficult it is to live with bipolar disorder - a condition Kanye was diagnosed with back in 2016 - and how she will do anything to protect her husband and her children.

It was an understandably difficult time for Kanye and his family...

So his supporters weren't surprised when he stepped down from his campaign to take some time to reconcile.

But that didn't keep Kanye from running for some kind of president...

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On the official ballot cards, Kanye Omari West was listed as the Vice President for the American Independent Party.

Remarkably, some people actually voted for Kanye...

Including Kanye himself.

Yep, in perhaps the most Kanye West move of 2020, the rapper took to Twitter to reveal that he had voted for someone he "truly trusts" - himself.

Of course, Kanye didn't win the 2020 election...

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But despite his loss, his net worth is higher than ever before.

As stated earlier, a new report by Bloomberg has outlined just how Kanye went from being $53 million in debt...

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To having a net worth of $8.6 billion.

According to the report, Kanye's multi-billion-dollar net worth is in large part due to his YEEZY sneaker business...

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Which is valued between $3.2 billion and $4.7 billion.

Throughout the pandemic, sales for YEEZY Adidas sneakers boomed...

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Growing thirty-one percent to nearly $1.7 billion in annual revenue last year and netting $191 million in royalties.

In addition, his entire music catalog is worth around $110.5 million, according to a 2020 valuation by Valentiem Group.

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Finances provided by his lawyer also include another $122 million in cash and stock and more than $1.7 billion in other assets, including a significant investment in Kim Kardashian's underwear label, Skims.

Bloomberg also reports that the rapper's Gap partnership, which will hit stores this summer, could also be worth a staggering amount of money...

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$970 million, to be precise.

Congratulations, Kanye!

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Who know's what else is on the horizon for him?