West was also named the overall second highest paid celebrity. The 42 year old billionaire rapper who made $170 million in 2020 ranks at number two.
He comes behind his sister-in-law, Kylie Jenner, whose billionaire status was revoked after she was accused of faking her way to her billionaire status over claims she inflated her personal wealth and forged her tax returns.
According to the magazine, West is now officially worth $1.3 billion. But months ago, Kanye slammed Forbes because he was unhappy with their research and findings.
He said that he believes his net worth will be around $3.3 billion and not the $1.26 billion they estimated at that time.
'It's not a billion,' West texted the publication. 'It's $3.3 billion since no one at Forbes knows how to count.'