Kanye Is the Highest Paid Person in Footwear (According to Kanye)
Kanye has said some interesting things during his Twitter renaissance, but this might just be his most ridiculous: ‘...I make more money on shoes than Michael Jordan.’
I am currently the single highest paid person in footwear. That means I make more money on shoes than Michael Jordan.— ye (@kanyewest) April 25, 2018
The tweet arrived in a timeline onslaught during which he divulged information about Yeezy brand’s financial position, including that he hired a leading supply chain operator from Gap and that ‘Yeezy will hit a billion dollars this year’.
We have 160 positions to fill by the end of the year. Yeezy will hit a billion dollars this year. It is the 2nd fastest growing company in history. It is a unicorn on its way to becoming a decacorn.— ye (@kanyewest) April 25, 2018
the Yeezy 350s sell 400 thousand pair in four hours. Only thing close to this is the iPhone.— ye (@kanyewest) April 25, 2018
the desert rat 500 sold 250 thousand in one hour on Coachella weekend. Please do not try to play Yeezy or anyone who wears Yeezy. We are the future.— ye (@kanyewest) April 25, 2018
The tweets about units and demand are believable; the 500 was one of the most readily available Yeezys to date. But the MJ line has us wondering whether Kanye adopted the ‘reality distortion field’ of his idol, Steve Jobs. Michael Jordan, who Forbes report is worth $1.65 billion USD, earned $350 million last year. In 2014, Forbes placed Kanye at number 20 on their wealthiest celebrity list, and numerous gossip sites place Kanye’s net worth at around $200 million — which is to say that, even if these sites are grossly incorrect, the numbers don’t add up.
Our theory is that Kanye's looking at the gross income earned, not the revenue that'll slide into his back-pocket — but we’re hardly accountants, so we’ll stick to letting you know when the shoes release.