The outrage that has come as a result of Kanye West‘s anti-Semitic remarks is following him all the way to the bank.
As reported here Tuesday morning (October 25), Adidas finally responded to public outcry to drop their business ties with West after he made comments deemed anti-Jewish on social media and in media appearances.
Just days after the rapper and fashion mogul took to press to say, “I can say anti-Semitic s—- and Adidas cannot drop me,” the sportswear manufacturer proved him wrong.
“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,” they said in an official statement. “After a thorough review, [we have taken the decision to terminate the partnership with Ye immediately, end production of Yeezy branded products and stop all payments to Ye and his companies. Adidas will stop the Adidas Yeezy business with immediate effect.”
And while they admitted the loss of his brand partnership would have a negative impact on their revenue, Forbes has gone to press to reveal the bigger loss would be on Kanye’s side.
Formerly listed as one of their leading self-made billionaires, the finance mag published an article Tuesday to reveal his status as such is no more.
“With [Adidas] gone, Ye is no longer a billionaire…The $1.5 billion value of the Adidas deal was calculated off of a multiple of annual earnings…Without Adidas, Ye 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. (A source close to Skims told Forbes Ye hasn’t been involved with the brand since its 2019 launch.),” the mag’s senior entertainment reporter Lisette Voytko reported.
At writing, West – who has slammed Forbes in the past for allegedly misreporting and undercounting his income – has not responded to the report of his current billionaire status.
The news comes just days after Vogue and Balenciaga made headlines for dropping their business partnerships with Ye as well.
Once a billionaire always a billionaire.
ur not being funny rn diabetes bothered dead at age 30
DIEABETES-Die you BIGOT. I will spit on your grave, which will actually be a giant mountain of s*ht & pizz.
They really don’t care about us tho……that’s why I blame that raggedy ass white lives matter t-shirt lmaoooooooo 😂 I KNEW something was about to happen after he put on THAT t-shirt…are you REALIZING why we were AGAINST that message? Now your black ass is UNDERSTANDING! You gon’ LEARN Ye and E.T. Owens lol 💯 They really don’t like you lmaooooooooo 💋 I also blame that raggedy ass documentary that E.T. Owens put together 😂 Did you know that Miss Owens called the NAACP to help her in HIGH SCHOOL? And they DID help her…you needed them when some of your white classmates were calling you the n-word and threatening you, didn’t you? ☕️ 📚 Now you pander to them and do their work for them…SAD!
This.
Her and Kayne are BOTH claiming to be Intellectuals while supporting a system that clearly works against them.
They are definitely on someone’s payroll but they are being reward financially none the less.
You better freaking read!! Yaass
He’s too stupid to be a billionaire. Why cant he just convince himself that jumping into fire, it wont burn him lmaoo
He did & it burnt him
I mean like real hell fire
His partnership wasn’t going to last forever anyway. He doesn’t need adidas.
OMG how will I sleep tonight!
You mean to tell me his ex-wife is worth more than him and all that bragging, he’s worth 2-6 billion more than any rapper in the game. Now we don’t hear a word from him. Kanye just thought he was above everything including the highest being(god). I want to know what is Candice now advising him.
Candice can she be a friend or sister to Kanye he didn’t kill nobody. He apologized
Kanye won’t listen to his industry friends because everything that comes out his mouth he is right and thinks he above everyone. Even Dame Dash spoke he needs help. Kanye has made a mockery of his friends/family that they even distant themselves because Kanye just won’t listen.
But then he should sue Damon dash for talking about him like that
Kanye has to sue ppl himself.. he has plenty lawsuits he needs to file. For emotional distress he has a right to free speech.
Ye is a businessman and he will be a billionaire before you know it. All he did was speak the truth and hurt your snowflake feelings along the way, because the facts don’t care about your feelings.
we have heard from you.
He has the right to sue
Your point is?