Forbes magazine has dismissed reports that Kanye West is now the richest Black man in America’s history as false after his businesses were valued at $6.6bn.
This comes on the heels of a Bloomberg report that Kanye’s sneaker brand, Yeezy ― as well as Yeezy Gap, which has yet to sell one stitch of clothing — have a combined value of as much as $4.7bn while he had an additional $1.7bn in assets.
Forbes stated that Vista Equity’s Robert F. Smith remained the richest Black person in the US, while Aliko Dangote is the richest Black person in the world.
Forbes wrote, “It’s not true, based on our calculations. Forbes estimates he is worth less than a third of that, or $1.8bn. That is a big jump from last May when Forbes first pegged his net worth to be $1.3bn, but nowhere near as much as the purported $6.6bn.
“Vista Equity’s Robert F. Smith remains the richest Black person in the US, worth an estimated $6bn, while Aliko Dangote of Nigeria, worth $11.8bn, is the richest Black person in the world.”
