After multiple reports released on Wednesday (March 17) suggested that rap icon Kanye West had become the richest African American in US history, Forbes magazine is has jumped out to declare that may not be the case after all.

According to Forbes, reports that West is now worth an estimated US$6.6 billion, are misinformed as they purport that “Yeezy -as well as Yeezy Gap, which has yet to sell one stitch of clothing – have a combined value of as much as US$4.7 billion” as well as that West has an additional undefined “US$1.7 billion in assets”.

Forbes said that, by its calculations, guided by “current revenues and not theoretical future expectations”, the multiple Grammy winner’s net worth now stands at US$1.8 billion, and the richest Black person in the US remains Vista Equity’s Robert F. Smith, who is worth US$6 billion, while the richest black person in the world is Aliko Dangote of Nigeria, worth US$11.8 billion.

The discrepancy between the Forbes report and Wednesday report from Bloomberg comes from Bloomberg citing bank assumptions based on projected future earnings and Forbes references only the artiste’s current revenue.