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!
26.10.2022 - 03:37 / perezhilton.com
Kanye West is no longer a billionaire.
The Chicago-born rapper has been taking a lot of Ls lately. Of course, the adversity has entirely been his own doing after multiple instances of ugly and unacceptable antisemitic comments. Now, he’s seeing the consequences of that commentary — and it ain’t good.
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According to Forbes, now that Adidas has terminated their relationship with the artist, his net worth no longer sits in the ten-digit range. The financial publication notes it’s not just the end of the Adidas deal that pushed Ye out of the billionaire club. Rather a combination of several things caused the checkdown — including Gap and Balenciaga walking away from the rapper, as well.
When you throw all those variables together, well, it pushes Ye back into the “hundreds of millions” group. That’s still not exactly chump change, but…
Based on Forbes‘ new estimates, they believe Ye to now be worth somewhere around $400 million. Remember, he was at somewhere near $1.3 billion over the last few years before all this terrible antisemitic commentary. So even though $400 million is still a ton of money, it’s waaaay short of his peak valuation. Yikes!
The outlet notes most of Ye’s net worth is coming from a couple notable sources: real estate holdings, cash, and his extensive music catalog. He also owns a very small stake in ex Kim Kardashian‘s SKIMS brand. That business is a juggernaut, so it’ll help Ye along, no doubt — even though he’s not involved with the day-to-day operations or anything like that. But with things like Adidas and Gap out of the way, quite a bit of his brand has been cut off Just. Like. That.
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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!
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.
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.
, 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.
Adidas may be slow to act, but more people in Kanye West‘s orbit are cutting ties with him!
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Kanye West is sharing his thoughts about recent co-parenting issues he seems to have faced. The rapper, who recently revealed his admiration for Bad Bunny, explained during a recent interview that his former mother-in-law, Kris Jenner, is trying to turn his daughter Chicago “into a problem.”This is not the first time the singer and his ex-wife Kim Kardashian face co-parenting issues, as Khloé Kardashian recently defended her sister Kim against Kanye’s allegations.This time Kanye admitted that he is worried about his 4-year-old daughter and even took a moment to talk about their new reality show ‘The Kardashians,’ streaming on Hulu.“Chicago is either gonna be a blessing or she gonna be a problem,” Kanye said, adding that he is concerned “as a father.” He continued, “I feel like Hulu, and I feel like Kris are trying to turn her into a problem.”Kanye previously said that he did not want Kris to advise his kids on future career decisions, in reference to Kim and Kylie Jenner’s cover of Playboy magazine.“Don’t let Kris make you do playboy like she made [Kylie] and Kim do,” he said.
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Kanye West is dealing with the fallout from his Paris Fashion Week scandal, during which he wore a “White Lives Matter” T-shirt, slammed a Vogue editor for her criticism, and, later, was temporarily restricted from multiple social media outlets after sharing an anti-semitic message.