Kanye West ‘No Longer a Billionaire’ as Net Worth Drops to $400M After Adidas Deal Termination, ‘Forbes’ Says
On Tuesday, Adidas confirmed it was immediately terminating its partnership with the artist formerly known as Kanye West following his anti-Semitic comments.
NEW YORK, NY - SEPTEMBER 29: Kanye West and his Family seen leaving Hotel to attend a Sunday church service in Queens at The Greater Allen AME Cathedral of New York on September 29, 2019 in New York City. (Photo by Robert Kamau/GC Images)
The artist formerly known as Kanye West is “no longer a billionaire,” per Forbes.
The update arrives shortly after Adidas announced the immediate termination of its deal with Ye following a string of comments that have been widely called out as anti-Semitic. According to the publication, Ye is worth an estimated $400 million without the Adidas deal, which it valued at $1.5 billion. In a recent Piers Morgan interview, notably, Ye said he had “maybe only $120 million” in his account.
“Adidas does not tolerate antisemitism and any other sort of hate speech,” a rep for the company said in a press release shared on Tuesday, adding that Ye’s recent remarks were “unacceptable, hateful, and dangerous.” As previously reported, Adidas had formally placed the Yeezy partnership “under review” earlier this month.
Several other collaborators have similarly distanced themselves from Ye, including Balenciaga. The Shop, meanwhile, announced its decision earlier this month to not air an interview with Ye. In a statement to Andscape, SpringHill Company CEO and Shop co-host Maverick Carter said Ye had used this would-be appearance “to reiterate more hate speech and extremely dangerous stereotypes.”
Jeezy was among those also featured on the episode in question. During a subsequent interview on Hot 97, Jeezy was asked about the shelved appearance, although he declined to get into any details.
“I just know that I came there, we did it, and I got a call and they said, ‘It’s a wrap,’” Jeezy said, adding that he “didn’t take it personally.”