Kanye West reveals his 10-figure net worth after nearly declaring bankruptcy: 'We're back at number one'

LOS ANGELES, CALIFORNIA: Kanye West has revealed that his current net worth stands at a jaw-dropping $2.77 billion.

Announcing the news to his 20.5 million Instagram followers, the rapper and entrepreneur, now officially known as Ye, posted a valuation report from Eton Venture Services, crediting his vast wealth to his music portfolio and sole ownership of the Yeezy brand.

Kanye West's journey from financial ruin to billionaire status

The announcement marks a triumphant return for Ye, who just a few years ago claimed he was “two months away” from declaring bankruptcy, according to Daily Mail.

His financial woes became widely public in 2022 when Adidas severed its lucrative partnership with Yeezy following his controversial anti-Semitic remarks and promotion of White Lives Matter T-shirts.

Losing $2 billion overnight, Ye fell from the billionaire ranks and faced intense public backlash, with major brands cutting ties.

Recounting his struggle, the 47-year-old told TMZ, “I was two months from going bankrupt. I put everything I had into the $7 million Super Bowl ad for Yeezy and my album Vultures.”

Despite the risks, the gamble paid off. Yeezy’s Super Bowl advertisement generated $19.3 million in revenue and Vultures went on to top charts in 100 countries.

Kanye West opens up on surviving the 'cancellation'

Kanye West revealed that during his financial collapse, he moved to Italy with his wife Bianca Censori to work closely with factories producing his designs.

“We survived through the cancellation. We’re back at number one,” he shared.

When asked if the controversies contributed to his resurgence, Ye said, “It wasn’t about the controversy. It was about being able to say how you felt out loud."

"If I didn’t have the skills in music, fashion, and a loyal fanbase, they would have destroyed me. But we had all those skill sets, and that’s why I’m still here,” he added.

Kanye West's reflections on public backlash

In the midst of his comeback, Kanye West addressed the criticism he faced for his past remarks.

While he did not offer an apology, he defended his right to express his opinions, saying, “They’ve got the right to their opinion, and I’ve got the right to mine.”

He also reiterated his values, writing in a social media post to Hollywood agent Ari Emanuel, “I lost $2 billion in one day, and I’m still alive. The money is not who I am. The people is who I am.”

North West inspires Kanye West's musical revival

Beyond financial success, Kanye West credits his daughter, North West, 11, for inspiring his creative renaissance.

Sharing videos on Instagram, Ye revealed that North helped him rediscover his love for music while working on his upcoming 11th album 'Bully.'

In one video, North explores a warehouse studio and experiments with music production tools.

Ye captioned the clips “Training” and added, “This little girl made me love music again.”

North, who is releasing her debut album in 2024, has collaborated with her father on new beats.