CNBCのインスタグラム(cnbc) - 7月14日 11時05分
In 2016, rapper Kanye West made headlines when he begged Facebook CEO Mark Zuckerberg via Twitter to invest $1 billion into his "ideas," because he was personally $53 million in debt.
West never got that billion from Zuckerberg (though they apparently became friends and did karaoke together), but it appears West has now healed his own financial woes: His apparel brand Yeezy is a billion-dollar empire, according to Forbes, and over the past 12 months, Forbes estimates West has earned over $150 million (pretax). His income is due largely to Yeezy's Adidas deal, a line that is expected to top $1.5 billion in sales in 2019.
The rapper-turned-designer negotiated an unheard of 15% royalty on the wholesale price of his sneakers with the German shoemaker Adidas, plus a marketing fee, after he brought his brand over to the apparel brand from Nike in 2013, according to Forbes.
For comparison, basketball legend Michael Jordan, who's Jordan Line of sneakers still generates approximately $3 billion in annual sales for Nike, is thought to only get royalties of about 5% on sales, according to Forbes.
More on Kanye's comeback at the link in bio.
(with @cnbcmakeit)
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