Forbes magazine has announced that rapper Kanye West is not the richest black person in America as speculated.
The magazine, in an article released on Thursday, said publications made by several media outlets about the billionaire’s latest astronomical wealth were false.
Forbe had reported that the 43-year-old rappers’ sneaker and clothing business now supported by Adidas AG and GAP Inc, was valued between $3.2 billion and $4.7 billion.
But in its report on Thursday the magazine said the latest figures were a plan by West to inflate his net worth, adding that the report originated from a Bloomberg article obtained from a UBS report, and not from it.
Bloomberg reports that the rapper’s sneaker and clothing business now supported by Adidas AG and Gap Inc, is valued between $3.2 billion and $4.7 billion not $6.6 billion.
