Kanye West has been facing backlash for anti-semitic comments he made during various interviews and on social media. Many companies like Adidas has drawn a line in the sand and severed ties with the rapper after making polarizing comments. Adidas went on to say, “Adidas does not tolerate anti-Semitism 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.” Since then, it was revealed that West had lost his billionaire status following Adidas pulling back from him.
The company’s statement went on to say “After a thorough review, the company has 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.”
West’s Adidas deal was reportedly valued at $1.5 billion based on annual earnings. Without the Adidas deal, West’s net worth is at $400 million. The rest of West’s worth comes from his music catalog, cash, real estate, and a 5% stake in Kim Kardashian’s Skims shapewear brand.
Source: Forbes
