Kanye West’s YEEZY Brand Reportedly Received $1.5 Billion USD Valuation | #iRockParties

Following the news that the stocks he brought for Kim Kardashian West were performing seriously well, the good financial news has continued for Kanye West. According to reports, ‘Ye could be on track to become a billionaire in the very near future, with sources close to West revealing that YEEZY recently received a $1.5 billion USD valuation.

The company being worth billions initially surfaced during West’s interview with Charlamagne earlier this year.

The rumors also appeared to be confirmed by Kim Kardashian West, who was asked by Jimmy Kimmel if she was “almost a billionaire.” Replying to the question, Kardashian West answered ”I would say my husband is.

That makes me one, right?” West’s YEEZY line could continue to add to its value with the addition of basketball sneakers next year, which West announced was coming in 2019. West’s empire could also continue to grow as he moves into architecture and, reportedly, the restaurant business.

Kanye Sold $500k USD Worth of ‘ye’ Merch in 30 Minutes | #iRockParties

Kanye West’s ye merch, which released online shortly after his star-studded listening party in Wyoming concluded, sold half a million dollars, $500k USD, in just 30 minutes. In the below clip, where Kanye is being interviewed by LA’s Power 106 radio station, longtime collaborator Scooter Braun interrupts the conversation to inform the musician of his early sales figures, leaving the soon-to-be 41-year-old joyfully stunned.

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Additionally, if you check out the entire interview (also below), West reveals he redid the entire album after his controversial visit to TMZ. When asked about last minute edits, Ye responded “I redid the whole album after TMZ.” He then clarifies why: ”Just energy. I was sitting in Calabasas, working on my sweatpants and shoes, and everything was going perfectly. And as soon as [it] stopped going so perfectly, I was like ‘I know what to do with this energy.’”

The ye-supporting merch, which currently includes hoodies and long-sleeve T-shirts, is still available at shop.kanyewest.com.

 

G.O.O.D. Music’s cruel summer is far from over however as Kanye just teased the tracklist to his collaborative album with Kid Cudi, set to release June 8.

SOURCE: POWER 106

Kanye West Spends $85,000 to Put Whitney Houston Bathroom Photo on Pusha T’s Album

Kanye West‘s creative vision is raising some eyebrows once again.

Earlier today, the rapper took to Twitter and revealed the new cover art for Pusha T’s upcoming album DAYTONA.

As it turns out, the photo appears to be a photograph of Whitney Houston‘s drug-covered bathroom that was previously published in the National Enquirer.

In an added twist, Pusha T claimed in a new interview that Kanye paid $85,000 to license the image.

“1 a.m., my phone rings, no caller-ID. ‘Hey, yeah, I think that we should change the artwork. I like this other artwork.’ Now this other artwork is 85 grand,” Pusha T explained onThe Angie Martinez Show earlier this week when recalling the decision.

“I said, ‘Hey, I don’t want to pay for that. And I wasn’t even going to ask you to pay for that. We picked what we picked. It’s here, it’s ready.’ ‘No, this what people need to see to go along with this music. I’ma pay for that.'”

He added, “I love it. I actually do love it. It’s dope. I absolutely didn’t want to pay for it.”

When host Angie Martinez asked during Wednesday’s interview what the picture was, Pusha T remained mum.

“It’s a picture. To license it worldwide is $85,000,” he teased. “I’m not really too fully entrenched in the art world like that. I’m just going to let him do his thing.”

E! News has reached out to Whitney’s estate for any comment.

For those unfamiliar with the project, Kanye helped produce Pusha T’s album and has been promoting the finished product on Twitter. After the cover art was released, Kanye expressed gratitude for all the positive reviews thus far.

DAYTONA is the first project out of Wyoming.  I’m really proud of what we put together,” Kanye explained. “We’ve spent a year and a half digging for samples and writing. I really appreciate the overwhelmingly positive response that we’ve been receiving.”

Just last month, Kanye also made headlines when he revealed on Twitter that his album cover may include a picture of the plastic surgeon who performed his late mom’s final surgery.

Kanye West & YEEZY Reveal Stance on Camo Lawsuit | #iRockParties

Kanye West and his YEEZY label recently revealed their official stance on the lawsuit filed by Jordan Outdoor Enterprises last year.

In the lawsuit, the outdoor wear specialist claims that YEEZY used its camouflage prints without proper licensing. According to TMZ, Kanye and YEEZY are stating “there’s nothing original or protectable about the Jordan Outdoor gear in question.” The response is their way of getting the lawsuit thrown out altogether before it requires further legal action if it makes it to court. Most recently Kanye West was called out by Givenchy designer Tony Spackman for stealing designs he did while working with Nike.

In case you missed it, the CEO of adidas noted there are no plans to drop Kanye West after his recent controversial statements.

Kanye West Allegedly Sued for $200,000 USD Over YEEZY Season Production | #iRockParties

Kanye West is ostensibly being sued by Istanbul-based firm Dde Sourcing over the production of his YEEZY Season 2, 3, and 4 collections, as per The Fashion Law.

Owner of the firm Derya Gulseven claims that Ye’s West Brands Fashion LLC imprint has yet to pay up approximately $228,000 USD for hiring Dde to seek out manufacturers in the Turkish capital to provide textiles for the aforesaid collections and distribute them stateside.

More precisely, the TFL stated that Gulseven was eliminated from the YEEZY Season 2 agreement “just months before the scheduled delivery date.” Having added that “Gulseven was allegedly robbed of her 7 percent commission – or $87,000 USD – on the $1.25 million USD order [for YEEZY Season 2].”

Not to mention, her commission rate for YEEZY Season 3 was initially 7 percent while West Brands presumably only gave her 4 percent commission, offering “her a check for only $77,246 USD ‘with no explanation’ as to the reduced commission rate,” TFL added.

Head over to The Fashion Law for more details on the lawsuit and let us know your thoughts.

SOURCE THE FASHION LAW