Kanye West's net worth north of $145 million on his 40th birthday

On June 8, rapper, songwriter, record producer, fashion designer and entrepreneur Kanye West will turn 40. The milestone birthday could be a fresh start for West, who has experienced a number of highs and lows in recent years.

Birthday plans have not been revealed, but it's almost certain Kayne West's kids and famous wife, Kim Kardashian West, will make his day special. Join the celebration by taking a look at the net worth of this wealthy rap mogul.

KANYE WEST NET WORTH: $145 MILLION

Kayne West's net worth of $145 million is certainly a lot, but that's less than half the family fortune. His wife, Kim Kardashian West, has a net worth of $150 million, bringing the couple's grand total to $295 million.

Deep pockets are certainly necessary to pay their bills. With larger-than-life tastes, being Kim and Kanye doesn't come cheap.

The couple has been renovating their $20 million Hidden Hills, Calif., estate since they purchased it in August 2014. They've spent more than $10 million to overhaul the 30,000-square-foot property, according to TMZ. While waiting to move in, they've been living in their 9,000-square-foot Bel-Air, Calif., mansion, which they purchased for $11 million in 2013 and spent more than $2 million updating.

Not surprisingly, Kim and Kanye both drive expensive luxury cars. He has a Mercedes-Maybach — 2017 models start at $191,300 — and she has a Rolls-Royce Ghost — 2017 prices start upwards of $300,000.

KANYE WEST MUSIC CAREER

It has been more than a decade since West released his debut album, "The College Dropout" (2004). The album included the hit songs "Jesus Walks," "Slow Jamz," "All Falls Down" and "Through the Wire."

He followed that album with his sophomore record, "Late Registration" (2005), which included the song "Gold Digger" featuring Jamie Foxx. Then came the albums "Graduation" (2007), "808s & Heartbreak" (2008), "My Beautiful Dark Twisted Fantasy" (2010) and "Yeezus" (2013).

Fans still can't get enough of Kanye West's music these days. In 2016, he released "The Life of Pablo" on music service TIDAL. The album debuted at No. 1 on the Billboard 200 chart. About 70 percent of sales were composed of streaming equivalent albums, which was a first for a Billboard chart-topper.

In March 2017, "The Life of Pablo" became West's eighth album to go platinum. This is especially monumental considering more than 500,000 copies were pirated, making it one of the most bootlegged albums of all time.

Unfortunately for West, the "Saint Pablo Tour" didn't have the same happy ending. Following a slew of erratic onstage antics, West canceled the final 21 dates of the tour in November 2016.

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YEEZY SHOES AND OTHER INCOME SOURCES

Apart from music, Kanye West is also a fashion designer with his own collection: Yeezy.

eezy Season 1 debuted at New York Fashion Week (NYFW) in February 2015 as a collaboration between West and Adidas. Yeezy Season 5 debuted at NYFW in February 2017.

Prior to joining forces with Adidas, West created a successful line of Nike Air Yeezy sneakers. But he cut ties with Nike in November 2013, claiming the company didn't pay him royalties.

West's initial endorsement deal with Adidas was valued at $10 million. In June 2016, the company announced a new partnership with West that could turn him into a billionaire, according to TMZ. Under the terms of this agreement, he'll get his own Yeezy retail shops. West will also design basketball and football athletic wear over the next few years.

Beyond Yeezy, Kim and Kanye debuted their own line of children's clothing in May 2017. Called TheKidsSupply, the first collection is already sold out. West is also working on his own jewelry collection with Jacob the Jeweler's Jacob Arabo.

KANYE WEST KIDS AND MARRIAGE

In October 2013, Kanye West spent an estimated $6.2 million to surprise his then-girlfriend, Kim Kardashian, with an elaborate marriage proposal in San Francisco. The couple married in Italy the following year, in an extravagant ceremony thought to have cost roughly $2.8 million. This sum does not include the cost of their pre-nuptial festivities in Paris, which involved renting out the Palace of Versailles for their wedding rehearsal.

Frequently vocal about his love for his wife, West has a history of showering her with over-the-top gestures. For example, he bought her 150 presents for Christmas in 2015. For Mother's Day 2016, West woke his wife with a surprise performance by a string ensemble in their living room.

The couple are parents to two children. Daughter, North, was born on June 15, 2013, and son, Saint, was born on Dec. 5, 2015.

KANYE WEST MONEY TROUBLES

Despite the enormity of Kanye West's net worth, his fortune might not be as large as it appears. West hasn't spoken out about it lately, but during an epic February 2016 Twitter rant, the celebrity claimed personal debt totaling $53 million.

West took to Twitter to ask Mark Zuckerberg for $1 billion, but it seems his request was not granted. His financial situation was likely not as dire as it appeared, however, considering he reportedly earned $22 million in 2015 and $30 million in 2014. Plus, Kim Kardashian West earned $51 million in 2016, according to Forbes, which is close to the amount Kanye claimed to have owed.

Days after airing his debt woes, he tweeted, "Yes I am personally rich and I can buy furs and houses for my family," further adding to the confusion. Also that day, he was spotted sipping champagne and browsing the inventory at pricey New York City jeweler Jacob & Co.'s exclusive showroom.

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