Kanye West disclosed his finances as part of his presidential bid in early October. The 43-year-old rapper announced his bid for presidency of the United States via Twitter on July 4. He tweeted, “We must now realize the promise of America by trusting God, unifying our vision and building our future. I am running for president of the United States! #2020VISION.”
West’s financial disclosures – obtained by Insider – value three of his corporations at more than $50 million each, including Yeezy LLC, Yeezy Apparel LLC, and Yeezy Footwear LLC. While he willingly released his finances, West opted from releasing wife Kim Kardashian’s disclosures due to “unusual circumstances.” Presidential candidates are normally required to release spousal information. “West’s omission is highly unusual,” a former top government ethics official told Insider.
The presidential candidate did disclose the values of his various corporate partnerships. The disclosures state that his financial relationship with Adidas is worth between $25 million and $50 million; and his financial relationship with Nike is worth between $5 million and $25 million. He additionally noted a $5 million excess income from the last year from eight various entities, including music, clothing, and marketing.
Even though West has claimed that he’s worth $5 billion, he still has financial liabilities. The rapper disclosed that he had between $25 million to $100 million in debt, mostly from mortgages. Both President Donald Trump and presidential nominee Joe Biden disclosed their mandatory personal finance statements earlier this year.
Kanye West Made the Presidential Ballot for a Handful of States