According to financial documents filed with the United States government, Kanye West is reportedly worth hundreds of millions of dollars, despite claiming to be worth billions.
Business Insider obtained copies of a federal filing containing the Chicago rapper’s finances in conjunction with his presidential bid. Political candidates are required to submit financial documents to the FEC periodically, according to the New York Post.
The filings list the value of three of his Yeezy companies — Yeezy LLC, Yeezy Apparel LLC, and Yeezy Footwear LLC — at over $50 million.
Ye also has about a $25 million stake in both Adidas and Nike, per the filings.
The filings also list West’s various music industry ventures, with some earning him over $5 million.
On top of that, the Yeezy brand boss is $100 million in debt, mostly from mortgages.
However, West did not reveal his wife, Kim Kardashian’s finances, in the filing as traditionally done. Under a provision in the law, an exemption can be made for cases of divorce, separation, and “unusual circumstances,” Business Insider reports.
In July, West announced that he was throwing his hat into the presidential race as an Independent candidate under the “Birthday Party.” After his announcement, he failed to get on the ballot in most states.
West has self-funded his campaign, spending $6.7 million, mostly on outside consultants to get on the ballots. His campaign has been relatively quiet, but as a staunch supporter of Donald Trump, many viewed his presidential bid as a distraction to take away votes from the Democratic candidate Joe Biden.
In the meantime, Forbes recently named West the highest-paid musician for 2020 at $170 million and ranked him a billionaire worth $1.6 billion. But, West disagrees with the number Forbes listed, valuing himself at $5 billion after his GAP deal.