Kanye West is no longer a billionaire! His Net-Worth decreased



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Kanye West is no longer a billionaire! His Net-Worth decreased

Kanye Ye West is one of the most popular topics in the world these days. He brought many to their feet, after his hate speech, so there is no one who doesn't spit on him, even his ex-wife, and many sponsors and collaborators stopped working with him.

After all, the rapper announced on his account on Instagram, words that can be understood ambiguously. Some think that he is "washing away" from everything he said, others that he is being sarcastic. “Ari Emanuel.

I lost 2 billion dollars in one day. And I’m still alive. This is love speech. I still love you. God still loves you. The money is not who I am. The people is who I am,” West wrote. According to "Forbes" magazine, Kanye's wealth has declined significantly, so it is now estimated at 400 million dollars.

Ye is no longer a billionaire.

Kanye West was left without numerous big collaborations that brought him huge money, after certain public outbursts and hate speech. His cooperation was canceled yesterday by one of the biggest sponsors - the Adidas brand, and the loss of this partnership is a big blow to the rapper's wealth.

As Forbes announced, West is no longer a billionaire, and his contract with Adidas was estimated at 1.5 billion dollars, and they report that his net worth drops to only 400 million dollars without it. By the way, Adidas announced yesterday, October 25, its decision to end cooperation with West, saying that the production of the rapper's "Yeezy" line of shoes and clothes was "immediately" stopped.

The announcement from Adidas

“After repeated efforts to privately resolve the situation, we have taken the decision to place the partnership under review. We will continue to co-manage the current product during this period,” “Adidas does not tolerate anti-Semitism and any other sort of hate speech,” it said in a press release.

“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 partnership between Kanye West's Yeezy and retailer Gap has ended “Yeezy notified Gap of its concerns in August and gave the company a contractually-designated 30 days to cure its breaches,” Nicholas Gravante, a lawyer for West, told CNBC at the time.

Gravante said Gap took no action on the concerns, so Yeezy ended the relationship. Earlier this month, Kanye West's Instagram account was partially blocked, and his Twitter account was locked due to posts that are considered anti-Semitic.