Yeezy is a complicated asset. West owns 100% of it. But it’s functionally tied—at least for five-plus years
a 10x multiple, applied to West’s Yeezy cut of $140 million, makes his stake worth about $1.4 billion. But it’s a private, highly illiquid $1.4 billion;
a 10x multiple, applied to West’s Yeezy cut of $140 million, makes his stake worth about $1.4 billion. But it’s a private, highly illiquid $1.4 billion;
So Kanye numerically maybe worth a billion but it's all bolstered, tied and controlled by Adidas and highly illiquid. If Kanye leaves Adidas it all falls apart. So he doesn't have money just a note. While he does have over 100 million in land and homes it's all costly debt.
From #BlackAf to this algebraic equation about Kanye's account, American has chosen to feed ADOS wish fulfillment stories instead of demand policy prescription during a pandemic that's ravaging ADOS communities all through out America.
forbes.com/sites/zackomal…
forbes.com/sites/zackomal…
