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Kanye West Net Worth: Is the Rapper Still in Debt as He and Kim Welcome 3rd Baby?

Laura Woods
LOS ANGELES, CA - AUGUST 30: Vanguard Award winner Kanye West speaks onstage during the 2015 MTV Video Music Awards at Microsoft Theater on August 30, 2015 in Los Angeles, California.

Kanye West has worn many hats: rapper, songwriter, record producer, fashion designer, entrepreneur and husband, to name a few. Soon, he can add “father of three” to that list.

West and his wife, TV personality and business mogul Kim Kardashian West are eagerly expecting the arrival of their third child via surrogate in early 2018. Read on to see how fatherhood hits the net worth of this wealthy rap mogul.

Kanye West Net Worth: $145 Million

Kayne West’s net worth of $145 million is certainly a lot, but that’s less than half the family fortune. His wife, Kim Kardashian West, has a net worth of $150 million, bringing the couple’s grand total to $295 million.

The couple has been renovating their $20 million Hidden Hills, Calif., estate since they purchased it in August 2014. They’ve spent more than $10 million to overhaul the 30,000-square-foot property, according to TMZ. Before the move, they reside at their 9,000-square-foot Bel-Air, Calif., mansion, which they purchased for $11 million in 2013 and spent more than $2 million updating. Not surprisingly, Kim and Kanye also both drive expensive luxury cars.

Kanye West’s Career

Kanye West’s debut album, “The College Dropout” (2004), included hit songs like “Jesus Walks” and “Slow Jamz.” He followed that album with his sophomore record, “Late Registration” (2005), which included the song “Gold Digger” featuring Jamie Foxx. Then came the albums “Graduation” (2007), “808s & Heartbreak” (2008), “My Beautiful Dark Twisted Fantasy” (2010) and “Yeezus” (2013).

Fans still can’t get enough of Kanye West’s music these days. In 2016, he released “The Life of Pablo” on music service TIDAL. The album debuted at No. 1 on the Billboard 200 chart. About 70 percent of sales were composed of streaming equivalent albums, which was a first for a Billboard chart-topper.

In March 2017, “The Life of Pablo” became West’s eighth album to go platinum. This is especially significant considering more than 500,000 copies were pirated, making it one of the most bootlegged albums of all time. Unfortunately for West, the “Saint Pablo Tour” didn’t have the same happy ending. Following a slew of erratic onstage antics, West canceled the final 21 dates of the tour in November 2016.

Also See: Rapper Tyga’s Net Worth and Luxurious Lifestyle

Kanye West’s Business Ventures

Apart from music, Kanye West is also a fashion designer with his own collection: Yeezy.

Yeezy Season 1 debuted at New York Fashion Week in February 2015 as a collaboration between West and Adidas. Yeezy Season 5 debuted at NYFW in February 2017. Prior to joining forces with Adidas, West created a successful line of Nike Air Yeezy sneakers. But he cut ties with Nike in November 2013, claiming the company didn’t pay him royalties.

West’s initial endorsement deal with Adidas was valued at $10 million. In June 2016, the company announced a new partnership with West that could turn him into a billionaire, according to TMZ. Under the terms of this agreement, he’ll get his own Yeezy retail shops. West will also design basketball and football athletic wear over the next few years.

Beyond Yeezy, Kim and Kanye debuted their own line of children’s clothing in May 2017. 

About Mrs. West: How Kim Kardashian Built Her Multi-Million Dollar Empire

Kanye West’s Family

In October 2013, Kanye West spent an estimated $6.2 million to surprise his then-girlfriend, Kim Kardashian, with an elaborate marriage proposal in San Francisco. The couple married in Italy the following year in an extravagant ceremony thought to have cost roughly $2.8 million, as reported by E! News. This sum does not include the cost of their prenuptial festivities in Paris, which involved renting out the Palace of Versailles for their wedding rehearsal.

Frequently vocal about his love for his wife, West has a history of showering her with over-the-top gestures. For example, for Mother’s Day 2016, West woke his wife with a surprise performance by a string ensemble in their living room. For Christmas 2017, West surprised Kardashian with hundreds of thousands of dollars in stock options from major performing brands such as The Walt Disney Company, Adidas, Netflix and Apple. Kardashian splashed the generous gift all over social media, touting West as the “best husband,” according to Fortune. 

The couple has two children, with a third expected in early 2018. Their daughter North was born on June 15, 2013; their son Saint was born on Dec. 5, 2015. The third child — expected to be a girl — will be delivered via surrogate. This decision came after Kim experienced birth complications in the form of placenta accreta with her first two pregnancies.

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This article originally appeared on GOBankingRates.com: Kanye West Net Worth: Is the Rapper Still in Debt as He and Kim Welcome 3rd Baby?