Billionaire No More: Kanye West’s Antisemitism Obliterates His Net Worth As Adidas Cuts Ties
Superstar rapper dropped off Forbes billionaires list after lucrative deal with Adidas expires Losing his partnership with Adidas has turned out to be a major blow to Kanye West’s net worth.
Forbes reported Tuesday that Adidas has sold the rapper after West made repeated anti-Semitic remarks.
Forbes values West’s deal with the German clothing company at $1.5 billion, and without him, his net worth could be as high as $400 million.
He said it would go down. Adidas announced Tuesday its decision to cut ties with West, who goes by the name Ye, and said the rapper would cease production of his Yeezy line of shoes and apparel “immediately.”
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Adidas Joins Gap Inc., Balenciaga, Foot Locker, And Creative Artists Agency On The List Of Companies Severing Ties With Ye.
Adidas does not tolerate anti-Semitism or other hate speech,” Adidas said. “Jesus’ recent comments and actions are unacceptable, hateful, dangerous and violate the company’s values of diversity and inclusion, mutual respect and fairness.”
Breaking News: Adidas cut ties with Kanye West, ending what may have been his most significant corporate fashion partnership after he made antisemitic remarks.https://t.co/tHA3Y1QWp3
— The New York Times (@nytimes) October 25, 2022
The move comes on the heels of talent agency CAA dropping West, 45, from a client and film studio MRC deciding not to release a completed documentary about the 24-time Grammy winner.
His Instagram account was restricted and his Twitter account was suspended for posts deemed anti-Semitic, including one in which he said he would “bring death to Jews.” West also sparked outrage, among other controversial comments, when he claimed that George Floyd died from the drug fentanyl on the rebel TV show Drink Champs.
Like, ‘Pete Davidson and Kim Kardashian have sex by the fireplace in honor of their grandmother.’ women spread the message in the media. West married Kardashian in 2014 and has four children with the reality star.
She filed for divorce last year and she posted a tweet on Monday condemning hate speech, with Kardashian tweeting that “hate speech is never and will not be tolerated.” “I stand with the Jewish community and call for an immediate end to the horrific violence and hateful rhetoric directed against them,” she said.
KANYE WEST BOOTED FROM SKECHERS HQ THE DAY AFTER BEING DROPPED BY ADIDAS & LOSING BILLIONAIRE STATUS
The company said he was never invited to a meeting and was involved in an “unauthorized filming” when asked to leave the premises. “Skechers has considered partnering with West and has no intention of doing so,” the company said in a statement Wednesday.
We do not tolerate any form of hate speech.” This is all the result of Ye’s controversial appearance on Drinks His Champs his podcast, where he is convinced that this course of action between himself and the Three Stripes is impossible.
I was. “I mean, me and Adidas can literally say anti-Semitic shit and they can’t drop shit,” he argued. can’t leave me What now? What now? ! “ Adidas joins Gap Inc., Balenciaga, Foot Locker and Creative Artists Agency on the list of companies that are severing ties with Ye.
And that number is expected to grow as public pressure mounts on other organizations to stop working with him. Ye announced last month that he was ending his 10-year, multi-billion dollar contract with Gap Inc. This is because they wanted more creative control and greater authority on the retail side of the business. “Everybody knows I’m a leader. I am the king,” Ye said on CNBC’s Closing Bell. “A king cannot live in someone else’s castle. A king must build his own castle.”