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Kanye West discloses he’s worth ‘hundreds of millions of dollars’ (not billions!) in FEC documents

Kanye West discloses he’s worth ‘hundreds of millions of dollars’ (not billions!) in documents filed as part of his controversial presidential bid

  • The rapper, 43, set out his finances in forms submitted to the Federal Election Commission 
  • He values three of his companies at $50 million apiece
  • He claims his partnerships with Adidas and Nike are worth a combined $30 to $75 million
  • He also states that he has up to $100 million of debt, mostly in mortgages
  • In September, he bragged he was worth $5 billion after signing a 10-year deal with Gap 

The Color Toner Experts

He claimed in September he is worth $5 billion after signing a 10-year deal with Gap.

But in financial disclosures filed as part of his quixotic 2020 presidential bid, Kanye West states he’s only worth ‘hundreds of millions of dollars’.

The rapper and footwear designer values three of his companies at $50 million each and says his partnerships with Adidas and Nike are worth a combined $30 to $75 million, Business Insider reported Monday.

However, he also disclosed he has up to $100 million of debt, mostly from mortgages.

Kanye West, who claimed in September he is worth $5 billion, stated in personal financial disclosure forms for his presidential bid that he has ‘hundreds of millions’ in assets and up to $100 million of debt

His finances are set out in personal financial disclosure forms filed with the Federal Election Commission as required by all candidates for public office.

Kanye announced earlier this year he was running for president as an Independent in a self-funded campaign.

By late summer, according to the documents obtained by Business Insider, he had spent $6.7 million that he loaned his campaign.

But he has failed to make the ballot in most US states and the District of Columbia. 

Read more at DailyMail.co.uk


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