IXOLA / BACKGRID

Reports that Kanye West is America's wealthiest Black person, with a reported net worth of $6.6 billion, were met with skepticism by Forbes.

The reports of West's massive wealth -- eclipsing Oprah's fortune -- began circulating this week after Bloomberg mentioned Yeezy and Yeezy Gap have a combined value of "potentially" $4.7 billion.

But Forbes, which publishes an annual list of World's Billionaires, disputed the widely reported claims, citing an over-reliance on "theoretical future expectations."

In other words, Forbes is calling BS on the reports that West is the richest Black person in the United States.

In a new report published on Thursday, Forbes' staff writer Madeline Berg said West calculated his net worth by counting bags he hasn't earned yet.

By Berg's estimates, West is worth in the neighborhood of $1.8 billion -- which means he can't sit with Oprah, whose net worth is estimated to be $4.5 billion.

Berg even compared West's ego to former president - and fellow billionaire - Donald Trump.

Berg writes:

"West's wildly optimistic approach to his net worth mirrors the approach used by Donald Trump, who insists the value of his name be included in any net worth estimate."

Still, $1.8 billion puts Kanye in the ultra exclusive club of wealthiest Black people on the planet.