According to Forbes, controversial producer/rapper/designer Kanye West has a lot more work ahead of himself in order to be richest Black American of all time.
The magazine which is known to be bible of wealth claims that news company Bloomberg’s calculations are based on future projections instead of actual assets.
Forbes places West’s actual worth around 1.8 billion, a little less than 5 billion short of Bloomberg’s valuation of $6.6 billion.
“West’s wildly optimistic approach to his net worth mirrors the approach used by Donald Trump, who insists the value of his name be included in any net worth estimate. Trump, who we value at $2.5 , says his brand has an intrinsic value, regardless of actual revenue. West and his camp are making a similar argument for businesses attached to the Yeezy name.”
Forbes goes a step further to state Vista Equity’s Robert F. Smith is still the richest Black person in the U.S. with over $6 billion is current assets.
