Kanye West has been on a push for what he believes he is worth. According to Billboard, the rapper is attempting to sell shares in his song collection. West’s reps have been talking with possible purchasers on the sly for almost ten months.
According to the site, his publishing portfolio earns him $5 million each year, plus $13.25 million in publication royalties. West is apparently asking for 35 times the net publisher’s share, or gross profit, for all of his contributions to the music industry, resulting in a $175 million valuation. If the buyer proceeds with the acquisition, “the buyer would also have the opportunity to sign a go-forward publishing arrangement with the multi-platinum musician.”
The source has outlined three obstacles that may be preventing customers from entering into the costly agreement with West. It observes that West’s library “hasn’t matured yet, and a number of his songs are still enjoying hit status,” which implies the amount of money these singles generate annually is likely to ‘decay’ in the near future, and it’s yet unclear at what level of activity each will stabilize.” This makes forecasting profits for investors challenging.”
West’s songwriters are also reportedly in disagreement, and his volatility is causing anxiety. According to the outlet’s sources, West’s search for a buyer has recently halted. The shift in pace raises the question of whether he and his team have found a buyer or if no one has yet been able to pay the asking amount. The revelation of West shopping for his catalog comes amid a report that his riches may have dropped. As previously reported by AfroTech, Forbes calculated that if he officially parted ways with Adidas, his fortune would plummet well below $1 billion.