Kanye West officially named richest musician of year 2020

Kanye West officially named richest musician of year 2020

- American rapper, Kanye West, has been named the richest musician in the world

- The top-earning celebs on the Forbes list were Kanye West and his sister-in-law, Kylie Jenner

- The rapper reportedly collected most of his earnings from Yeezy sneakers deal with Adidas

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The world is no doubt going through very tough times due to the coronavirus pandemic and the riots rocking many parts of the world to prove that black lives do matter.

As a result of the instability rocking the world, many businesses and fortunes have taken a hit. However, not everybody has been badly hit as some of them have been topping billionaire lists.

American rapper, Kanye West, was recently named by Forbes as the richest musician in the world for year 2020.

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The music star reportedly raked in most of his earnings from his Yeezy deal with Adidas and it has put him financially ahead of other musicians in the world this year.

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Interestingly, the top-earning celebs on the list were Kanye West and his sister-in-law, Kylie Jenner. While the rapper raked in $170 million, Kylie brought in $590 million and majority of that came from the sale of 51% stake in her cosmetics firm in January.

Lovely.

Just recently, it reported that Kanye West was officially named a billionaire by Forbes.

The disclosure was made by Forbes on Friday, April 24, which said the 42-year-old rapper is now worth $1.3 billion.

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This was made possible by the basketball shoes bearing his name that he developed with Adidas.

The rapper's Yeezy footwear often sells for more than $200 a pair in the United States and elsewhere.

According to Forbes, the rapper has pressing the magazine to be listed as one of its billionaires but it declined for lack of proof.

Kanye and Adidas launched their first shoe together in 2015.

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Source: Yen

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