Rapper and entrepreneur Kanye West is on the cover of Forbes’ upcoming August issue.
He’s wearing a simple black hoodie for the cover shoot.
In the magazine, Kanye, 42, shares how he’s gone from being massively in debt to becoming one of the richest rappers in the world, writes Inquisitr.
The artist has reportedly gone from being $53 million (R735m) in debt just three years ago to turning his finances around, thanks to his popular Yeezy sneaker line, a billion dollar empire.
And, says the magazine, Kanye’s Adidas partnership is likely to top the $1.5bn mark this year.
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“Under Kanye’s Hood” coming to the August 31st issue of Forbes Magazine. 💥. #kanyewest
A post shared by Kanye West(@kanyew.est) on Jul 9, 2019 at 6:54am PDT
Kanye, who calls his sneaker line the “Lamborghini of shoes”, reportedly gets 15% royalty on wholesale from the sportswear brand. Not bad, considering Michael Jordan is said to get about 5% for his Air Jordan line.
The dad of four had an online meltdown in 2016 when he tweeted for a bailout from Facebook founder Mark Zuckerberg to invest $1bn in his “ideas”.
In spite of serious backlash, Kanye, who pursued his creative projects, says: “I’m just blessed through the grace of God to go from tweeting at Mark Zuckerberg (to now).”
His wife, reality star Kim Kardashian West, couldn’t agree more.
She tweeted: “He inspires me every single day and I’m so happy that he is getting the recognition that he deserves.”
He inspires me every single day and I’m so happy that he is getting the recognition and credit that he deserves. @Forbes pic.twitter.com/Jp7KV9gR52
— Kim Kardashian West (@KimKardashian) July 9, 2019