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Kanye West Named Highest-Earning Musician, Launches College Fund for Gianna Floyd

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Yeezy is flexing his wallet in more ways than one. đź‘Ź

Nearly a month after finally being crowned a "billionaire" by Forbes, the publication has now placed Kanye West as the most loaded musician of 2020, and the second-highest-paid celebrity overall.

Christian Genius Billionaire Kanye West, a nickname he once conjured to let Forbes and fans "understand exactly what it is," is for real.

Sitting only behind his sister-in-law Kylie Jenner in the larger list, Kanye accumulated a pre-tax income of $170 million, in large part due to his Yeezy partnership with Adidas. The Yeezy brand did over $1 billion in sales last year and 'Ye got an 11% royalty slice of that pie.

Notably, Kanye is the only musician who made the top 10, which also includes Roger Federer, Christiano Ronaldo, Lionel Messi, Tyler Perry, LeBron James and The Rock.

Looking at strictly musicians, the next most paid act is Elton John, who earned $81 million in 2019, followed by Ariana Grande at $72 million. Post Malone ($60 million), Diddy ($55 million), JAY-Z ($53.5 million) and Drake ($49 million) were highlighted as well.

According to Forbes, they arrived at this Celebrity 100 list of "front of the camera" figures by calculating "pretax earnings from June 2019 through May 2020 before deducting fees for managers, lawyers and agents."

Kanye is being constructive with his cash, too.

As TMZ shared on Thursday, 'Ye, who's celebrating his 43rd birthday in a few days, gave roughly $2 million to support the families of George Floyd, Ahmaud Arbery and Breonna Taylor in light of their tragic killings.

For Floyd, Kanye created a 529 college fund to cover tuition payments for his 6-year-old daughter, Gianna.

The Arbery and Taylor families' legal fees will benefit from the rest. While justice for Taylor is still being pursued, all three defendants in the Arbery case will soon be tried for murder.

There's more. Sources told TMZ that Kanye is actively donating to black-owned businesses in his native Chicago, as well as those across the country that have been affected by these tough times.

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