Kanye West lost his billionaire status

Kanye West lost his billionaire status

KANYE West is no longer a billionaire.

Forbes reported that the rapper lost his billionaire status after his deal with Adidas was terminated following his controversial anti-Semitic remarks.

The company said earlier this month that its collaboration with the artist, also known as Ye, was “under review” before announcing the termination of Ye’s contract two days ago.

According to the financial magazine, Ye’s years-long partnership with Adidas is worth US$1.5 billion and without it, Ye’s value is only around US$400 million.

What remains of Kanye’s financial empire after losing the Adidas contract is “real estate, cash, a music catalog, and a 5 percent stake in his ex-wife Kim Kardashian’s clothing firm, Skims,” ​​Forbes reported.

Other brands that have stopped collaborating with Ye include Balenciaga, production company MRC and Creative Artists Agency. Gap has also taken Ye, Yeezy products off the shelves and production, and closed the Yeezy Gap online store.

Meanwhile, Kim and her sister Khloé have publicly spoken out in support of the Jewish community but have not named Kanye or responded to Ye’s comments directly.

source – Agency


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