Kanye West’s net worth drops to $400 million.
Several big brands have cut ties with Kanye West over anti-semitic comments, and the rapper’s billionaire status gets affected after the recent termination of Adidas’ partnership. “I can say anti-Semitic s—- and Adidas cannot drop me,” Ye stated earlier this month.
The Donda rapper was working with the apparel brand since 2013 for his Yeezy brand, and the partnership accounting $1.5 billion of Ye’s net worth, as reported by Forbes. According to Forbes, Kanye West’s public net worth is now at around $400 million. According to Forbes, the rest of his assets is made up of his music collection, funds, property investment, and a 5% investment in his ex-wife Kim Kardashian’s company, Skims.
“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,” it reads in a statement by Adidas.
Kanye West is no longer a billionaire after Adidas cut ties with him, Forbes reports.
His loss of Adidas has caused his net worth to plummet to $400 million and he is no longer on the Forbes billionaire list. pic.twitter.com/8SzyQqJVjC
— Pop Base (@PopBase) October 25, 2022
Previously, Ye stated that Forbes has undervalued his net worth. “It’s not a billion,” he said in a Text to Forbes in 2020. “It’s $3.3 billion since no one at Forbes knows how to count.” Earlier this month, Ye also claimed that his net worth is $10 billion.
Kanye West said that he’s worth $10 Billion on Hollywood Unlocked. pic.twitter.com/rU8LOUwXHM
— Networking The Streets 🌎 (@ntsmonopoly) January 29, 2022
Adidas is the most recent company to terminate business with West after Def Jam, JP Morgan Chase, and Balenciaga all denounced the rapper’s recent remarks, which have been criticized for being anti-semitic.
