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Kanye West Spends More On His Haircut Than Your Parents Spent On Your College Education

By Val Powell
Published on: 00:05 PST, Nov 11, 2015

Kanye West is one of the highest-paid celebrities in show business today, with his album and tours selling millions of dollars, so it is not surprising that he can drop big money on grooming. After all, celebrities have to invest in their looks, right?

According to Heat, a very reliable source claims that West spends $120,000 a year just for trimming his hair. The source in question is the dad of pop singer Rihanna.

Rihanna’s father, Ronald Fenty, learned that West spends $500 a haircut when the rapper and his daughter were on tour together in 2010. He said West had a haircut every day. Fenty was flabbergasted by what West’s haircut.

“It’s crazy – he pays his barber $500 a time. I don’t understand how that much hair gets taken off. Kanye just loves the fresh look.”

Heat had a chance to interview Ibn Jasper, the hairstylist West met in Chicago two decades ago.

“He asked me to move to New York City and I told him, ‘When you can pay me what I make in my shop, I’ll move,'” Jasper recalled.

If West pays $500 per haircut every day, it would add up to $182,550, three times higher than the average income in the U.S. It costs more than a person’s rent in New York City.

The annual median cost of college in the U.S. stands at $18,943 for a four-year public college, and $31,231 for a four-year private college. You could pay for your entire college education with what Kanye spends on his haircut and still have money left over to make a downpayment on a house. Ironically, Kanye never even bothered to finish college. He even named his first multi-platinum selling album College Dropout.

If Kanye West could afford to spend a whopping $500 each haircut, then how much is his net worth?

His net worth is reportedly $130 million as of September 2015. West is just 38-years-old, but he has made a sizable fortune out of his music career.

West took the top 20 spot of Forbes’ Highest-Paid Celebrities in 2014, while he was at the No. 59 spot in 2013, which means his Yeezus album and tours had contributed a lot to his 2014 earnings.

How did he build his career, and how did he accumulate that massive wealth?

The Chicago native dropped out of college, pursued his passion for music, and started out as a hip-hop beat maker, a gig which helped him develop his musicality.

His big career break came after producing for rapper Jay-Z. Kanye West continued producing music for other artists as he was slowly becoming successful at producing, and he landed a huge record deal with a known recording outfit. Today, he is enjoying a successful career as a recording artist. West’s music has become a tremendous hit since he stepped on the spotlight.

West is one of the people in the music industry who is truly dedicated to their craft. He has new projects with other artists and musicians lined up, and he is also busy with his U.S. and overseas tours for his latest album. The talented rapper is also an entrepreneur. He founded his own music record label, G.O.O.D or Getting Out Our Dreams. In fact, he has signed musician John Legend to his record label, which proves how successful and influential he is.

The rapper has an impressive portfolio when it comes to hit records and awards. West took home various Grammy awards honoring his creative work in recent years. Moreover, he has earned the trust of other musicians, such as Common and Brandy, who asked him to produce their music. He has also worked with some of the best artists like Alicia Keys.

What is next for Kanye West? The rapper announced his interest to join the 2020 Presidential race during a speech at the 2015 MTV Music Awards. Whether or not he is serious about this announcement, only West knows. Fans will just have to wait until 2020 to see where he will be venturing next.

[Image by REX]

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