REAL DEAL ON KANYE’S INCREASED NET WORTH
Kanye recent net worth have received a lot of digestion from everyone, Forbes also weigh in to refute the claim, but we try to make an understanding out of all this.
While the west team believes the Gap and Yemzy deal is worth about $1.5b, the Bloomberg also estimated it around $950m, Forbes refuses to give it any value until the products starts selling. Although, when the deal was announced, it set the Gap stock soaring higher than ever and the CEO Sonia Syngal spoke of its big potential in an earning call earlier on. But the line is yet to sell a piece of the products yet.
To value this deal at 0 just because it hasnt launched yet makes no sense at all, especially given its launching this year. Valuation finance is all about projections and forecasts so if youre not willing to do that why even bother assessing the future value of anything? The only way this deal is worth 0 is if no products are released and Kanye walks away. Given the fact he signed a 10 year deal in 2019 and GAP recently said the collection is ready, this is highly unlikely, Yeezy literally does not sit on shelves
Although, his current net worth is based on projections and valuation finances, it helps every start up and almost any business's worth is based on projections and valuation finance. For example Elon Musk. This means, Jay Z's net worth is also based on projections, I mean he just joined forces with one of the biggest companies, surely the projections are looking good for him as well.
Bloomberg ($10 billion company) had its reporter review UBS ($54 billion company) audit and they agree. Kanye worth $6 billion. Forbes ($400 million) is overruled. Kanye hasn't even mentioned if the collaboration is online only exclusive or is it gonna be in the retail stores as well too. not sure, I hope it's in store just to see the mayhem.
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