American rapper Kanye Omari West has just inked a mammoth deal with worldwide clothing and accessories retailer Gap. His new deal with Gap, together with that of Adidas elevated his net worth to $6.6 billion making him the richest black person in the U.S.
This is a stunning turnaround for a man who just a few years ago was drowning in debt. West’s deals with Adidas and Gap are worth between $3.2 billion and $4.7 billion. His new deal with the Gap is worth about $970 million on its own and will see Yeezy branded products hitting the shelves of Gap stores this summer. Gap hopes to recreate the success Yeezy has had with Adidas. West is the sole owner of the brand. His deal with the Gap is for 10 years to design clothes for men, women, and kids under the Yeezy Gap label. His Adidas deal runs until 2026 currently.