Kanye West named richest musician of the year 2020

American Rapper and businessman Kanye West.
FI
Franklin Izuchukwu

News highlight

  • American rapper, Kanye West, has been named the richest musician in the world

  • The top-earning celebs on the Forbes list were Kanye West and his sister-in-law, Kylie Jenner

  • The rapper reportedly collected most of his earnings from Yeezy sneakers deal with Adidas

American rapper, Kanye West, was recently named by Forbes as the richest musician in the world for the year 2020.

The music star reportedly raked in most of his earnings from his Yeezy deal with Adidas, and it has put him financially ahead of other musicians in the world this year.

Interestingly, the top-earning celebs on the list were Kanye West and his sister-in-law, Kylie Jenner. While the rapper raked in $170 million, Kylie brought in $590 million, and the majority of that came from the sale of 51% stake in her cosmetics firm in January. Lovely. Just recently.

Forbes made the disclosure on Friday, April 24, which said the 42-year-old rapper is now worth $1.3 billion. This was made possible by the basketball shoes bearing his name that he developed with Adidas.

American rapper Kanye is West officially became a billionaire, according to Forbes. Forbes made the disclosure on Friday, April 24, saying that the 42-year-old rapper is now worth $1.3 billion.

Kanye's Yeezy footwear often sells for more than $200 a pair in the United States and elsewhere. According to Forbes, the rapper has to press the magazine to be listed as one of its billionaires but it declined for lack of proof. Kanye and Adidas launched their first shoe together in 2015.

Kanye West had visited a youth conference in Tennessee on Sunday, January 19, where he told the 12,400 students in attendance about how accepting Christ had changed his life. The 42-year-old husband of Kim Kardashian said:

"I believe Jesus died for my sins. "There was a time when the devil had me." A 135-member gospel choir sang: "I stretch my hands to you/Father I stretch," as West added, "Do you know the good news? Jesus can save a wretch like me."

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