Just last year Kanye West declared his net worth to be nearing $6.6 Billion making him the third Richest Black person on Earth and the Richest in American history following his deal with Adidas and Gap.
According to the latest reports by Forbes magazine, the Yeezy owner is no longer a Billionaire Status. Ye’s net worth is affected by Adidas pulling off their deal following Kanye’s anti-semitic rant and challenging Adidas on Drink Champs by claiming that “I can say antisemitic s—- and Adidas cannot drop me,”
This dude Kanye is a clown. @adidas what do you think about this? He seems to imply you’re okay with antisemitism.
pic.twitter.com/iGjLnMoPGL— Alexander S. Vindman (@AVindman) October 21, 2022
Adidas gets an estimated 4% to 8% of its sales from Yeezy products, according to investment bank Cowen. For Ye, it was an even bigger deal, accounting for $1.5 billion of his net worth.
Notably, Adidas will be affected by the termination of the deal but Ye gets more loss knocking him down the Billionaire list.
“Adidas does not tolerate antisemitism and any other sort of hate speech. Ye’s recent comments and actions have been unacceptable, hateful, and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect and fairness,” the company declared in a press release.” — Adidas in a new statement.
So How Much is Kanye worth now?
Without Adidas Kanye is worth $400 Million, the remainder of Ye’s fortune, Forbes estimates, comes from real estate, cash, his music catalog, and a 5% stake in ex-wife Kim Kardashian’s shapewear firm, Skims.
(via)
