Kanye West is the richest Black American, bank finds
CBSN
Rapper-slash-fashion designer Kanye West is now the wealthiest Black American ever, according to an estimate from Bloomberg News that places his net worth at well beyond $6 billion.
That figure includes West's Yeezy clothing and shoe deal with Adidas and Gap, which investment bank UBS valued at $3.2 billion to $4.7 billion. Bloomberg also estimated that West has $122 million in cash or stock, along with a $110 million music catalog and $1.7 billion in other investments. Sales of Yeezy's Adidas sneakers grew 31% during the coronavirus pandemic to annual revenue of nearly $1.7 billion last year, netting West $191 million in royalties, Bloomberg said in citing UBS. West's status as a billionaire is a far cry from where the Chicago-born college dropout found himself five years ago. West, 43, told BET News that he was $53 million in debt in 2016. About $16 million of that came from trying to get Yeezy up-and-running, West said.
Probational federal employees who lost their jobs on Thursday as part of the Trump administration's mass firing of government workers expressed shock and anger at the terminations, which they contend will hurt the government's ability to provide services.
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It was Labor Day weekend 2003 when Matt Scribner, a local horse farrier and trainer who also competes in long-distance horse races, was on his usual ride in a remote part of the Sierra Nevada foothills — just a few miles northeast of Auburn, California —when he noticed a freshly dug hole along the trail that piqued his curiosity.