Kanye West Comeback is just beautiful

Usually, when a celebrity falls into a lot of debt, there is a lot of downcast looks as that celebrity might just never get up again. This is exactly what happened to Kanye West. In the year 2016, we heard a piece of shocking news. Kanye West was deep in debt. $53 million to be exact and he was practically on his knees begging Mark Zuckerberg to invest in the ideas that he had come up with.  

Well, the funds never came from the Facebook Mogul. However, things have changed in just over one year it seems. Kanye West is no longer in debt. In fact, during that time, the new brand which he opened has skyrocketed to become a brand worth billions of dollars.

So how much did he earn this last year?

This year in terms of highest paid celebrity released by Forbes, Kanye West is third on that list after having cleared most of his debt and is back to where he belongs. He finished with $150 million this year and it is looking likely that his income would keep increasing in the future. How did he get this far?

Well, it all started from his brand Yeezy which was deemed good enough by Adidas and they struck a deal with the musician. Now, the deal which they struck is expected to hit $1.5 billion at the end of the sales. So out of the sales which are going to be made, how much is Kanye expecting at the end of the day?

Royalty and Marketing Fee

So from the deal which was struck with the shoe mega dealers, Kanye West is entitled to about 15% royalty from his brand. That is simply amazing and not many people would get that kind of leverage from Adidas. Well, he is Kanye after all. Now, that is not all which he is poised to get. Kanye is also expected to get a marketing fee for his brand. This is in line with the deal which he struck with them when he left Nike way back in 2013. 

Beneficial for a long time yet

While you might be wondering what the longtime benefit of this deal would be, well, it is going to be great for Kanye in the long run. For example, players such as Michael Jordan are still getting so much from their deals with Nike. With a 15% royalty on for Kanye West, it would be a long time if ever before we see Kanye West in any form of debt.

So what’s our take?

Well, Kanye has done very well for himself in the way he has handled the debt crisis and risen back to the top. However, while getting to the top is easy, staying there is quite difficult. He would really do himself a lot of favors if he keeps his focus and determination running for a second straight year. If he does that, then Kanye would be on a roll.