Kanye West not richest black American — Forbes

The global media company and American business magazine, Forbes, has complained that American rapper Kanye West is the richest black American.

Forbes, which focuses heavily on listing and rankings in areas such as business, investment, technology, entrepreneurship, leadership and marketing, revealed this in a tweet via its official Twitter account @forbes on Friday.

He wrote, “No, Kanye West is not the richest black American. On Wednesday, multiple retailers reported that Kanye West is the richest black man in America, valued at as much as $ 6.6 billion. ”

The news comes after Bloomberg reported that its sneaker brand, Yeezy, as well as Yeezy Gap, which had not yet sold a single garment, is worth a combined $ 4.7 billion.

“The announcement announced not to go into full details gave an additional 1.7 billion dollars in assets, which is not true, based on our calculations.

“Forbes estimates it to be worth less than a third of that, or $ 1.8 billion. That’s a huge leap from last May when Forbes first showed its net worth to $ 1.3 billion, but now nearly as much as the $ 6.6 billion that was said, ’’ Forbes said.

The magazine noted that Vista Equity boss Robert F. Smith remains the richest black man in the U.S. with an estimated $ 6 billion worth.

He also said that Aliko Dangote of Nigeria, valued at $ 11.8 billion, is the richest black man in the world.

“The high-flying estimate is the latest of West’s efforts to increase its net worth in the past, he said‘ Forbes was deliberately sculpting me. “
“It simply came to our notice then. Bloomberg’s story cites a UBS report about its businesses, the only document Forbes saw earlier this month.

“The bank has made a number of assumptions based on intended future earnings, in particular for Yeezy Gap, which have not yet been established.

“Bank documents like this are notorious for painting valuations in the best possible position in the future. ”

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