The global media company and American business magazine, Forbes, has refuted reports that American rapper Kanye West is the richest black American, revealing that Nigerian Aliko Dangote is the richest black man in the world. Forbes focuses primarily on listing and ranking in areas such as business, investment, technology, entrepreneurship, leadership and marketing.
« The news comes after Bloomberg reported that his trainer brand, Yeezy, as well as Yeezy Gap, which had yet to sell a single stitch of clothing, were worth a combined $4.7 billion (more than 2.58 billion FCFA). The publication mentions, without going into detail, an additional $1.7 billion (FCFA 935 billion) in assets, and this is not true, according to our calculations. Forbes estimates that he is worth less than a third of that amount, or $1.8 billion (CFAF 990 billion). That’s a big jump from last May, when Forbes first pegged his net worth at $1.3 billion (CFAF 715 billion), but nowhere near the $6.6 billion (CFAF 3.63 trillion) assumed, » Forbes said.
« The exorbitant estimate is the latest of West’s attempts to inflate his net worth in the past, he said « Forbes was deliberately snubbing me ». In reality, it’s nothing personal. The Bloomberg story cites a UBS report on its activities, the same document Forbes saw earlier this month. The bank made a number of assumptions based on projected future earnings, particularly for Yeezy Gap, which hasn’t even opened yet. Bank documents like this are well known for illustrating the best possible future valuations, » Forbes added.
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