Kanye West’s fortune could sink or soar with his Gap partnership ...Middle East

Quartz - Economy

Kanye West rose to fame as a rapper, but it’s his sneaker and clothing brand, Yeezy, that makes up the bulk of his wealth today. Investment bank UBS has valued the brand between $3.2 billion and $4.7 billion, according to a report from Bloomberg, which viewed a private UBS document with the figures. West’s cash and other assets additionally totaled nearly $2 billion, Bloomberg said, citing an unaudited balance sheet from West’s lawyer.Companies are often valued at a multiple of their current sales based on factors including expected future growth. Yeezy’s value rests primarily on sales of West’s sneaker line with Adidas, which UBS said reached $1.7 billion last year, netting West $191 millio

Hence then, the article about kanye west s fortune could sink or soar with his gap partnership was published today ( Thursday 18/03/2021 - 09:16 PM ) and is available on Quartz ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Kanye West’s fortune could sink or soar with his Gap partnership )

Last updated : 18 March 2021 clock 09:16 PM

Also on site :

Kanye West’s fortune could sink or soar with his Gap partnership ...Middle East

ICE raids reduce jobs for both U.S.-born and undocumented workers, study finds

Cineverse Brings Guillermo del Toro's Masterpiece Pan's Labyrinth Back to Cannes Film Festival to Celebrate the 20th Anniversary of the Film's World Premiere

U.S. agency sues New York Times, accusing it of bias against White male employee

Norway Just Switched on Another Gas Lifeline for Europe

US Senators Push to Reinstate Russian Oil Sanctions

Baylor University Wins the Inaugural Shopify Rebellion and Follett Higher Education Rocket League Invitational

SIAA and Momentum AMP Announce Strategic Technology Partnership

The $12.5 Billion Investment Designed to Counter China’s Minerals Dominance

U.S. Sues The New York Times, Claiming Discrimination Against a White Man

CAI ouvre son prochain chapitre grâce à un investissement de JLL Partners

IMF: Global economy will face dire consequences if ME war continues

Top Permian Producer Adds Rigs as Oil Rally Holds

Geotab intègre les véhicules Polestar dans son réseau télématique OEM

U.S.-Canada Oil Pipeline Nears Go-Ahead as Shippers Lock In Volumes

IGT Solutions cambia su nombre a Atain, marcando una nueva era como socio de orquestación empresarial