After losing several million-dollar business ventures, Kanye West is speaking out.
31.10.2022 - 20:45 / perezhilton.com
It’s hard to imagine a celebrity like Kanye West going broke, but it turns out he’s a lot closer to that reality than we ever imagined!
It’s pretty clear Ye’s been facing a personal crisis as of this month. After spewing antisemitic remarks and supporting white supremacists, several brands have cut ties with him — including his most lucrative deal with Adidas. The impact on his business has been so severe, he’s no longer a billionaire! And it turns out he may not be a millionaire for long either!
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According to Page Six insiders on Sunday who are familiar with the star’s financial situation, while Kanye has a large stash of cash, his vast expenses could cause him to face a financial catastrophe very soon! Wait, seriously?! Per the insiders, the Gold Digger artist has five main sources of income: his Adidas deal, Gap deal, music catalog, new music sales, and concerts. But now four of these have been either completely slashed or severely compromised because of his controversial comments.
Most notably, the Yeezy designer’s partnership with the German-born sneaker brand will do the most damage to his wallet. After ending its huge partnership with the rapper last week, the shoe company announced it would immediately halt payments to their former collaborator. Even if Kim Kardashian’s ex-husband wants to fight the company on the decision, sources believe it will be hard for him to win because of his threats against Jewish people. Also, the incident in which he forced Adidas execs to watch porn could “mean they can play hardball,” an insider noted.
Gap, on the other hand, is a bit of a different story. The clothing brand actually ended its two-year deal with the
After losing several million-dollar business ventures, Kanye West is speaking out.
Just two years ago, Kanye West seemed to have everything he could ever wish for, he was married to Kim Kardashian with four beautiful children, he was a fashion mogul with his Yeezy brand, worth £1.7billion and made a bid for the US Presidency.
Kanye West is no longer a billionaire.
Another one bites the dust.
In what may be the toughest blow, ego-wise, in the fallout from Kanye West’s antisemitic rants last week, Forbes announced today that the rapper is no longer on its glitzy list of the world’s billionaires. A chief cause for the change was Adidas ending its relationship today with Ye, as he is now known. He had been among the first hip-hop moguls to make the list.
Bye-bye, billionaire status. Kanye West‘s net worth has reportedly dropped significantly since losing his Adidas deal amid his anti-Semitic remarks.
Kanye West is dominating the news lately, but definitely not in good ways. His antisemitic remarks on social media, combined with various interviews where he seemingly continues to either double down on the comments and say other inflammatory things have led to boycotts and serious business consequences for the rapper.
, who now goes by Ye, after the rapper made a series of in an interview on Fox News and on social media. The sportswear giant was under growing pressure to cut ties with the Yeezy founder, whose incendiary comments have been condemned by high-profile figures.
Let’s all say it together — F**KING FINALLY!
Adidas may be slow to act, but more people in Kanye West‘s orbit are cutting ties with him!
Khloé Kardashian subtly addressed her former brother-in-law Kanye West's antisemitism controversy on Sunday. The Stronger rapper, who used to be married to Khloé's sister Kim, has been hitting headlines throughout this month by making controversial and offensive remarks about Jewish people on social media and in a series of interviews. On Sunday, Khloé became the first member of the Kardashian-Jenner family to address Kanye's antisemitic comments on her Instagram Stories.
Even if you’re a billionaire businessman and musical icon, you can’t run away from spreading hate speech. Over the past week or so, we’ve seen the fall from grace of rapper Kanye West.
Kim Kardashian stepped out with Ivanka Trump over the weekend.