![]() Artists would not engage in a bidding war for an extravagant, seven-figure contract. On August 5, he made $3.332 million in merchandise profits, bringing his total profit to $3.846 million. His representative, manager, and crew eventually received half of Kanye%27s cut, leaving him with $514,500. It is possible that the total gross ticket sales for his performances will be as much as $2 million. On July 22, Kanye West held a listening party for 40,000 people. Kanye’s manager would earn about 15% of the merch profits, leaving him with a total of $4.165 million. According to Jeff Schemankewitz, Kanye West’s listening parties generated millions of dollars in merchandise sales.Īccording to him, venues and artists typically split their merchandise sales 70/30. He would pay his manager, agent, and staff roughly 15 percent of his earnings, 15 percent of his agent, and 20 percent of his staff. According to Michael Schemankewitz, Kanye would keep 70% of the $980,000 net as an investment. These events are almost certainly the work of a murderer. Over 40,000 people attended each of Kanye West’s listening parties in addition to the 40,000 who attended his first listening party. He has hosted two sold-out listening parties at Atlanta’s Mercedes-Benz Stadium. Thanks to the success of the event, Kanye West was able to pocket a cool million dollars in profit.ĭonda, the album that Kanye West was supposed to release four years ago, has now been pushed back four times. The party was a hit with guests, who were treated to an intimate performance by West and a chance to mingle with the star-studded guest list. Among those in attendance were Jay-Z, Beyonce, Rihanna, Kim Kardashian, and many more. The event, which was held at the home of West’s late mother, Donda, was a invite-only affair that saw some of the biggest names in music and entertainment come together to celebrate the release of West’s new album. Kanye West’s Donda listening party was a resounding success, with the rapper making a cool $1 million profit.
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