The new report from the American business magazine valued the rapper at $1.3 billion (the bulk of which comes from his stake in his Yeezy sneaker line, which according to Forbes is worth $1.26 billion).
Just four years ago, Kanye was wallowing in debt after investing his money in his fashion company Yeezy.
He had revealed his financial misfortune on Twitter, and had pleaded with Facebook founder Mark Zuckerberg to invest in his ideas.
Zuckerberg never made the investment and after years of hard work, Kanye has come out stronger than ever.
The new development makes Kanye the second hip hop billionaire (behind Jay-Z who is currently number one).
Kanye has been one of the highest selling artists of the last 20 years and his label GOOD Music and the rights to his discography were valued by Forbes at $90 million.
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