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Kanye's Yeezy sneaker empire is worth $1BILLION according to Forbes


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Kanye's Yeezy sneaker empire is worth $1BILLION according to Forbes

By KEITH GRIFFITH

 

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Kanye West is featured on the new cover of Forbes magazine, which chronicles his dramatic financial turnaround due in large part to his Yeezy shoe line

 

Kanye West's sneaker empire is a billion-dollar enterprise, according to a new cover story on the rapper's business endeavors by Forbes magazine. 

 

Revenue for the Yeezy sneaker line, now with Adidas, is set to top $1.5billion in 2019, and West's pretax income over the past 12 months came in at $150million, according to Forbes.

 

Since moving the Yeezy line from Nike to Adidas in 2013, West has struck what Forbes calls an 'unprecedented deal' for 15 percent royalty on wholesale, plus a marketing fee.

 

For comparison, Michael Jordan is thought to get royalties around 5 percent on the Air Jordan line, which does annual sales of about $3billion. 

 

Full Story: https://www.dailymail.co.uk/news/article-7230111/Kanye-Wests-Yeezy-sneaker-empire-worth-1BILLION-according-Forbes-cover-story.html

Posted
2 hours ago, jany123 said:

Lol.... Americans just can’t get enough stuff that’s “made in China”.

 

 

Guess every one in the world. Jeans is another example, made in China.

It cost there 25 dollar, goes to USA and LEVi put a label on it, in shop for 500 dollar.

Nike had their shoes made in Asia by kids. But the workers almost dont get any money.

Big companies(managers), disgusting. Well we are living in this disgusting world and its getting worse.

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