Forbes has officially refuted reports that Kanye West is the richest black man in America’s history after his businesses were valued at $6.6 billion.
Multiple media outlets had reported that Kanye West is now worth $6.6 billion after Bloomberg reported that his sneaker brand Yeezy as well as Yeezy Gap have a combined value of as much as $4.7 billion
However, Forbes says “it’s not true.” ….in a post shared on Instagram.
Forbes further stated that the wide speculated “reports that the celebrity is worth nearly $7 billion are based on the magical thinking around sales that don’t yet exist. This is why he’s currently worth less than one third of that.”
Presently Vista Equity’s Robert F. Smith remains the richest Black person in the U.S., with an estimated net worth of $6 billion. While Nigeria’s Aliko Dangote remains the richest black person in the world with a net worth of $11.8 billion.