How much did Kanye West earn from Yeezy's last release?
After heavy losses of the past months, West's net worth is once again on the rise
June 5th, 2023
On 31 May, adidas unveiled the first of the sales of Yeezy leftover items since last October, after permanently discontinuing the contract with founder Kanye West. Announced a few weeks earlier, the put back on the market of Yeezy trainers is the work of adidas CEO Bjørn Gulden, who in order to get rid of the vast quantity of stock - worth a total of 1.2 billion euros - decided to donate part of the profits to charity to organizations such as the Anti-Defamation League and the Philonise & Keeta Floyd Institute for Social Change. Kanye West, despite no longer heading the creative direction of the German company-owned brand, will get 15% of the commission on each of the releases - which according to the dedicated Yeezy Mafia account could cover an entire year. But how much is Kanye earning from the new drops?
How much did Kanye West earn from the new Yeezy drop?
Ever since Kanye West's controversial statements brought his fashion career to a halt, first with the end of his contract with adidas, then with Gap, and again with Balenciaga, he has presented collections in secret, without extreme media coverage and maintaining a veil of mystery. Last year West's net worth amounted to $2 billion, but since October he has suffered a loss of over $400 million. What West is left with, however, is not small; royalties on his music allow him an income of over $5 million a year, and investments in Skims, his ex-wife Kim Kardashian's company, amount to $128 million. According to Forbes, West also has $100 million in cash and liquid assets, and a real estate portfolio that his team says amounts to $81 million in luxury properties in California, Wyoming, and Belgium, $21 million in land, and two ranches worth $14 million. According to estimates, Yeezy's first drop has sold over 680 thousand pairs of sneakers, for a total of over $170 million, which for West should therefore have fetched over $25 million.