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Kanye West’s net worth has reportedly plummeted from $2 billion (£1.3 billion) to $400 million (£348 million) after the end of his partnership with Adidas.
according to forbes You’re No Longer a Billionaire magazine after Adidas terminated the contract with the rapper and entrepreneur today (October 25) over his anti-Semitic comments.
The deal was said to be worth $1.5 billion (£1.31 billion), but now that the partnership has ended, Ye is worth $400 million. forbes He estimates the rest of his fortune comes from his music catalog, cash, real estate and a 5% stake in ex-wife Kim Kardashian’s brand, Skims.
Leaf’s net worth news follows news that Adidas will halt production of its Yeezy line after nine years due to his “unacceptable, hateful and dangerous” comments.
The German sportswear brand said in a statement today:
“Ye’s recent comments and actions are unacceptable, hateful, dangerous and violate our company values of diversity and inclusion, mutual respect and fairness.”
The company added that it expects the split to hit its net profit by up to €250m (£217m) this year.
Adidas is the latest organization to cut ties with West after slamming the rapper’s recent remarks, which have been criticized as anti-Semitic, including Def Jam, JP Morgan Chase and Balenciaga.
in a recent interview drink champ In a since-deleted podcast, the rapper made even more anti-Semitic comments, stating: [him] out”. He also made a more inflammatory comment in a recent interview fox news It didn’t air, but was leaked online.
Hate speech is never OK or an excuse. I stand with the Jewish community and call for an immediate end to the terrible violence and hateful rhetoric against them.
— Kim Kardashian (@KimKardashian) October 24, 2022
West refused to accept the term “anti-Semitism” because he claimed it was “not true,” but offered something of an “apology” to those offended by his comments. provided.
Yesterday (October 24), Kim Kardashian said,[stands] With the Jewish community in the wake of her ex-husband’s comments.”
“Hate speech is never OK or an excuse,” she tweeted.
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