Kanye West not a billionaire anymore

Published By Shweta Birendra Shukla | 26 Oct, 2022

Kanye West not a billionaire anymore after Adidas terminates partnership

Adidas said it doesn't tolerate antisemitism or hate speech and that "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."

Forbes, who included Ye on its billionaires' list since 2020, estimates his Yeezy deal with Adidas was worth $1.5 billion of his net worth

The Yeezy business earned more than $500 million in total royalty payments and marketing fees over the first four full years of the Adidas deal through 2020

  Without Adidas, Ye's estimated worth drops to $400 million, per Forbes

Adidas was arguably the last major company that still maintained ties to West, who has been losing business partners at a steady clip over the past few weeks
West cut his own ties with Gap back in September, before this latest deluge of chaos really got underway

he’s since been deserted by the likes of Balenciaga, banking giant JP Morgan Chase, and his longtime talent agency, CAA. Universal Music Group, the parent company of West’s former label Def Jam, also issued a statement denouncing West’s comments and actions