Kanye West’s 2022 net worth has come into question. The rapper announced on his Instagram account that he “lost $2 billion dollars in a day.” He’s back to posting on the social media app despite his racist and antisemitic comments. The rapper appears to be back on Twitter as well.
Fans are wondering if the lost endorsements and business deals will affect his income. He quickly lost his billionaire status after Adidas, Creative Arts Agency, Balenciaga, and others dropped him. Read on to learn more about Kanye West’s 2022 net worth.
Diddy is the new hip-hop billionaire
According to a new report, Diddy became the new hip-hop billionaire in 2022. He replaced Kanye West as one of the wealthiest hip-hop artists. This comes as the “Donda” artist’s net worth drops. Forbes editor Zack O’Malley reported that Diddy landed third with a net worth of $1 billion.
Now, he trumped Kanye West, who was reportedly worth $2 billion earlier this year. Diddy was in an online feud with Ye. Both of them exchanged words on Instagram after the controversial artist unveiled his “White Lives Matter” T-shirts at Paris Fashion Week. Kanye doubled down on his merchandise.
Despite his lost endorsements, he still has a 5 percent stake in ex-wife Kim Kardashian’s SKIMS shapewear brand, according to reports. He also still has access to his master recordings and music publishing. That could change if streaming services like Apple Music and Spotify pull their music from their platforms. At the time of this writing, it’s only a rumor.
Kanye West’s 2022 net worth
Kanye West made his big return to Instagram. Earlier this week, he claimed that he lost a lot of money from losing deals. Don’t expect him to apologize for his insensitive and hateful comments. The “Jesus Is Christ” star claims that he’s about “love” and wants to speak his truth.
Per Complex, Kanye West’s 2022 net worth is around $500 million. However, Forbes reports that his fortune is sitting at around $400 billion. Kanye’s real estate is also keeping him wealthy and afloat. However, the Sunday Sermons star would love to go back to his billionaire status.
His biggest loss was his $1.5 billion deal for his Yeezy-branded sneakers with Adidas. The second largest was his working relationships with Gap and Balenciaga. Retailers like Foot Locker, The RealReal, and TJX Companies will no longer carry any of his apparel. Even GoodWill refuses to sell his Yeezy sneakers.
Kanye West has caused concern among friends especially since he’s reportedly homeless. They shared that he’s spending beyond his means. If this continues, he could lose more money. He has no one in his life to warn him about his spending habits.
In addition, Kanye West lost two pro athletes. Aaron Donald and Jaylen Brown have cut ties with his Donda agency. What are your thoughts on Kanye West’s 2022 net worth? Do you think he’ll survive these losses? Sound off below in the comment section.
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