Despite being in the middle of a divorce proceeding, the hip hop legend gets good news surrounding his Yeezy GAP partnership that is projected to be an early estimation valuing it at one billion dollars.
Bloomberg reports that the partnership deal between Yeezy and GAP is leaning towards a total value projection of $970 million which is just a few thousand dollars short of the astronomical $1 billion dollar mark. This in addition to Yeezy’s total net worth ranging between $3.2 billion and $4.7 billion, the GAP deal makes up a sizable percentage of the company’s total.
Yeezy GAP is scheduled to launch this coming July, with Bloomberg’s projections for the first-year to be at $150 million in sales. Apparently, GAP predicts that Yeezy Gap will be worth a billion in eight years’ time, a testament to their faith in Kanye West’s unwavering vision and influence.
GAP CEO Sonia Synga recently indicated that Kanye West has been “very very focused” on Yeezy GAP, which will find him designing and clothes for men, women, and children. It should be noted that the YEEZY GAP line will not include footwear, as Kanye’s current Adidas deal runs until 2026.
@ YZY GAP fitting pic.twitter.com/XHUJOY66dk
— ye (@kanyewest) July 17, 2020
Kanye West’s business acumen is showing to be very astute considering his other endeavors. Yeezy GAP deal grants him royalties on sales as well as stock warrants that cap at $700 million. He is also invested in Kim Kardashian’s Skims line, and a music catalog worth $110.5 million
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