Kanye West breaks into Forbes’ list of richest rappers for the first time ever, surpassing Drake

Forbes named Kanye West the fourth-richest rapper in the world on Thursday, marking the first time that he’s made it into the yearly ranking.

According to Forbes, West’s $240 million fortune is largely thanks to his partnership with Adidas, which produces and promotes the rapper’s Yeezy clothing line.

“Our accounting of West’s wealth is almost entirely predicated on a conservative estimate of that brand’s value,” Forbes writes. “As it continues to scale up, he could one day join his sister-in-law, Kylie Jenner, as a billionaire.”

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Of course, in addition to his fashion ventures, West has released nine studio albums – eight of which hit No. 1 on the Billboard chart – and produced countless albums and tracks for other artists. He has won 21 Grammys and is often cited as one of the best-selling music artists of all time.

Notably, West’s debut on the richest rappers list had him ranked higher than Drake, who landed in fifth place – even though Forbes reports that Drake’s fortune grew 50% over the past year.

According to Forbes, Drake is worth $150 million.

The three rappers who ranked higher than West are Diddy, Dr. Dre, and Jay-Z with $740 million, $800 million, and $1 billion, respectively.