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Forbes Finally confirms Kanye is a Billionaire


 
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 7 days ago '19        #26
Purpleswag23 8 heat pts
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I think y'all care more about this then Ye do..


Last edited by Purpleswag23; 07-09-2019 at 10:25 PM..
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 7 days ago '04        #27
eazyvaboy 71 heat pts71
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 Bigboi781 said
That paragraph doesn’t make a lick of sense. If Yeezy has made a billion in sales then based off valuation, Kanye would be well worth over a billion. To put it in perspective, Snapchat still hasn’t had a billion dollar revenue year but Evan Spiegel has a billionaire for a few years now
His paragraph makes total sense. I think you got this all of the way mixed up fam. Saying he has had over billion in sales doesn't equate to yearly billion dollar sales figures. Plus sales is a gross figure that is before subtracting all operating costs, interest, and tax expenses, in addition to deducting your Cost of goods sold (COGS) so even his product is doing over a billy, that doesn't have anything to do with their net profit. Spiegel didn't instantly become a billionaire when Snap went public. I'm sure his billionaire status came from multiple years of earnings and solid growth.

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 7 days ago '14        #28
FukHowYouFeel 1 heat pts
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 Sire said
do n*ggas even read the articles anymore?

last paragraph:


he isnt a billionaire yet like kylie and jay z. his company just grosses over $1 bil in sales.
Literally the only billionaire mentioned there is Michael. Jay (marital a*sets yeah, maybe), Kylie, Ye, etc...All cap on part of Forbes. Forbes has been throwing out fake numbers for years. It’s well documented.

No way Jay has more bread than Puff or Dre.



But then again...If you’re one of these celebrities...Would YOU correct them?


Last edited by FukHowYouFeel; 07-09-2019 at 10:13 PM..
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 7 days ago '17        #29
Yahurdme 
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Hectomillionaire or billionaire he's
still baking more bread than I am...
at least for right now.
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 7 days ago '17        #30
StanlitoTheFly 770 heat pts770
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Don't think that's how that works
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 7 days ago '17        #31
Willy Boban 248 heat pts248
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 GrindPOWER$ said
where you from moron mountain...we talking about their money not them and their wives.
Beyonce's influence and credit and money helped secure some of those deals.

So Jay wouldn't be a billionaire if he wasn't married to Beyonce.

Bottom line breh breh.

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 7 days ago '05        #32
nupe1911 2 heat pts
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You idiots obviously don't know sh*t and most aren't sneakerheads. The Yeezy brand is easily worth billion or more over its lifetime. Would someone pay that much if Kanye sold??? Probably not. But the Yeezy brand isn't going anywhere and the shoes are dope. Instant sellouts at $220 to $300 a shoe from sizes 5 to 14. My estimation is that Yeezy Brand gross at least a billion in sales every year. In comparison Jordan Brand does about 3.5 bill give or take a good year. I believe Mike himself nets about 100 to 200 mill per year off Jordan Brand so Kanye definitely will be a billionaire in liquid cash over time.

I just read the Forbes article and it confirms my ballpark numbers. For the record Adidas doesn't release split Yeezy numbers but Nike does this for Jordan Brand in their quarterly report if anyone wants hardcore numbers.

Also neither brand is slowing down. They both grow every single year!!!!!


Last edited by nupe1911; 07-09-2019 at 10:28 PM..
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 7 days ago '12        #33
BangEm904 38 heat pts38
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Alot of y'all would be billionaire status if y'all got paid to pocket watch
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 7 days ago '11        #34
Broseph Stalin 57 heat pts57
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honestly never thought those ugly a*s shoes would catch on, let alone gross a billion in sales
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 7 days ago '18        #35
BIG FONT 13 heat pts13
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 Sire said
do n*ggas even read the articles anymore?

last paragraph:


he isnt a billionaire yet like kylie and jay z. his company just grosses over $1 bil in sales.
Y'all The Boxden people is weird mane yall hate to see a black man win mane let people think what they want mane let Yeezy be a billionaire mane
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 7 days ago '08        #36
EMER1TUS 11 heat pts11
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If you wanna play him like he not a Billy Goat “right now” that’s cool but at the end of the day whether you respect it now or later that n*gga gonna got to that Billy stage at some point off the strength of all his brands.

 7 days ago '15        #37
Hellmatic 3 heat pts
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 Sire said
do n*ggas even read the articles anymore?

last paragraph:


he isnt a billionaire yet like kylie and jay z. his company just grosses over $1 bil in sales.
Kanye owns 100% of Yeezy? That must be a mistake cause it was recently announced he gets 5% of every shoe. If he owned 100% of the brand and Adidas don't own any of it wouldnt he have a bigger percentage?


Last edited by Hellmatic; 07-09-2019 at 10:24 PM..
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 7 days ago '07        #38
pandadays 439 heat pts439 OP
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 CartelFamill said
Misleaing a*s title.....Kanye aint no BILLIONAIRE .....Yeezy Brand is
Which he owns 100% of. He's a billionaire, get over it
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 7 days ago '07        #39
pandadays 439 heat pts439 OP
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 CartelFamill said
No he is NOT.....n*gga only makes %5 Royalties off Shoe
Jordan makes 3%. Know your numbers
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 7 days ago '14        #40
Bigboi781 29 heat pts29
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 hustlehard365 said
Makes perfect sense Kanye doesnt own yeezy he gets a royalty. You can’t make a billion $ in royalties on a billion $ in sales
The article states that he owns Yeezy 100% so wtf are you talking about
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 7 days ago '17        #41
Willy Boban 248 heat pts248
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 Broseph Stalin said
honestly never thought those ugly a*s shoes would catch on, let alone gross a billion in sales
Thats that Kardashian influence fam.

Because Kanye could barely be the face of a $40 bookbag brand before he married Kim.

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 7 days ago '14        #42
Bigboi781 29 heat pts29
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 eazyvaboy said
His paragraph makes total sense. I think you got this all of the way mixed up fam. Saying he has had over billion in sales doesn't equate to yearly billion dollar sales figures. Plus sales is a gross figure that is before subtracting all operating costs, interest, and tax expenses, in addition to deducting your Cost of goods sold (COGS) so even his product is doing over a billy, that doesn't have anything to do with their net profit. Spiegel didn't instantly become a billionaire when Snap went public. I'm sure his billionaire status came from multiple years of earnings and solid growth.

Wrong. Evan Spiegel became a billionaire off of valuation and was a billionaire way before Snap went public. Snap has never been profitable. I don’t think most of you understand how net worth works. If Yeezy makes 1.5 billion in revenue as predicted and Kanye really owns 100%. Based off of valuation because Yeezy would be valued at much higher than 1.5 billion, he would be a billionaire. People don’t become billionaires off of profit, Jeff Bezos was a billionaire when Amazon was in the red

 7 days ago '05        #43
nupe1911 2 heat pts
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 Willy Boban said
Thats that Kardashian influence fam.

Because Kanye could barely be the face of a $40 bookbag brand before he married Kim.

That family doesn't have sh*t to do with Kanye's fashion success. He was huge at Nike and even bigger now. His influence was so huge until he has spawned Virgil, Don C, and Lorzeno's success with their lines and ventures. You can stop that bullsh*t lie right now...fact are facts. Don't bother even replying bruh cause you looking stupid.
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 7 days ago '14        #44
Bigboi781 29 heat pts29
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Also none of y’all even read the article. It says he get 15% royalties and a marketing fee on top. If he really owns 100%, he’s a billionaire in terms of net worth
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 7 days ago '04        #45
Mike T 180 heat pts180
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 7 days ago '17        #46
YAYO101 
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Damn he got a lot of colorways that he haven't even released yet

 7 days ago '04        #47
sideshow20 19 heat pts19
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 CartelFamill said
Misleaing a*s title.....Kanye aint no BILLIONAIRE .....Yeezy Brand is
Which he owns 100% of
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 7 days ago '18        #48
ICONIC 240 heat pts240
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 BathWaterMelody said
ftr..

5 percent of $1 billion = $50 million

just so we are crystal clear here.
That needed to be said
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 7 days ago '04        #49
skillahmang 3 heat pts
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Instead of counting strangers money, balance your own accounts.
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Top 10 most slapped recently  7 days ago '17        #50
Mr Scaramucci 1241 heat pts1241
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Ol miserable “unnn unnnnnn! ” a*s n*ggas
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