Kanye "Ye" West Net Worth, Married, Divorce and The Different Types of Mutual Funds
By Leroy A. Brown
Kanye “Ye” West and his divorce from Kim Kardashian were finalized in November 2022.
It was reported that Kanye “Ye” West would be paying US$200,000 per month for child support.
Kanye “Ye” West and Kim Kardashian will share custody of the children.
According to Forbes, Kim Kardashian became a billionaire in April 2021 with a net worth of over US$1 billion.
It has been publicized that Kanye “Ye” West married Bianca Censori at a private marriage ceremony in Waldorf Astoria in Beverly Hills, California, United States of America (U.S.A.).
This marriage was done about two (2) months after his divorce from Kim Kardashian.
According to her LinkedIn profile, Bianca Censori has worked for Kanye “Ye” West's brand, Yeezy as an architectural designer since November 2020.
Bianca Censori graduated with a master’s degree in architecture from the University of Melbourne in 2020.
KANYE “YE” WEST'S BUSINESS AND NET WORTH
Kanye “Ye” West recently released his song titled ‘Censori Overload,' which is said to be related to his ups and downs.
It was reported that Kanye “Ye” West’s business deal with Adidas contributed to over US$1 billion of his net worth, which made him a billionaire.
However, since his deal with Adidas ended on October 25, 2022, Kanye “Ye” West’s net worth is now estimated to be US$400 million.
This approximately US$400 million in net worth is recorded to include real estate investments, music rights, shares in ex-wife Kim Kardashian’s company Skims, etc.
Other business entities that have severed ties with Kanye “Ye” West and his brand Yeezy are the Gap clothing company, JP Morgan financial entity, the Balenciaga fashion firm, the MRC production company, etc.
ADIDAS
Adidas is a German athletic gear manufacturer that is owned by Adidas Ag.
Adidas is the largest athletic gear manufacturer in Europe and the second largest behind Nike in the world.
Adidas Group is owned by Adidas AG, which is owned by several shareholders, such as Bayern Munich football club (FC) in Germany and Runtastic health company in Austria.
Adidas partnered with Kanye “Ye” West in 2013, which helped Kanye become a billionaire.
On Tuesday, October 25, 2022, Adidas officially ended relations with Kanye “Ye” West and his brand Yeezy, mainly due to remarks Kanye made that were considered antisemitic.
By November 9, 2022, Adidas' third-quarter profits tumbled as it exited Russia and ended its partnership with Kanye “Ye” West Yeezy brand.
Adidas' profit fell by over sixty percent (> 60%) to just under 350 million euros, even though net sales increased by approximately eleven percent (~11%) to just over 6 billion euros.
WHAT IS A MUTUAL FUND?
A mutual fund may be defined as a company that gathers money from many investors and invests that money into securities such as bonds, stocks, and short-term debt.
Different types of mutual funds
1.
Money market funds
Money market funds are mutual funds that usually have low risks and invest mainly in short-term investments like treasury bills, government bonds, certificates of deposits, etc.
2.
Bond funds or fixed-income funds
Bond funds or fixed-income funds are mutual funds designed to gain higher returns, and the type of bond determines the risks and rewards.
Bond or fixed-income funds are invested in securities that pay fixed rates, such as government and corporate bonds.
3.
Stock funds or equity funds
Stock funds or equity funds are mutual funds that invest in company stocks.
These funds usually appreciate faster than the money market and fixed-income funds.
Examples of equity funds are:
~ Growth funds invest in stocks that appreciate.
~ Income funds invest in companies that have regular dividends.
~ Index funds track specific indices such as the Standard and Poor’s 500 Index and S&P/TSX Composite Index.
~ Sector funds invest in industries such as technology, healthcare, and real estate.
~ Specialty funds invest in areas such as geographical regions, commodities, and entities deemed socially responsible.
4.
Target date funds or lifecycle funds
Target date or lifecycle funds are mutual funds designed for individuals based on their goals, such as retirement and wealth creation.
These mutual funds are usually a mix of stocks, bonds, government debt, etc.
5.
Balanced funds
Balanced funds are mutual funds that invest in a mix of fixed-income securities and stocks.
Balanced funds are designed based on the investor’s temperament.
For example, if you are an aggressive investor, you will have more equity (i.e., stocks) in your balanced fund than fixed-income investments.
If you are conservative, you will have more fixed-income securities than stocks in your balanced fund.
6.
Fund-of-funds
Fund-of-funds are mutual funds that are similar to balanced funds, except they invest in other funds.
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