After Adidas broke off its business relationship with Kanye West, Forbes reports that the rapper has lost his billionaire status: what’s his fortune now?
Problems don’t stop for Kanye West.
Over the past few weeks, the rapper has come under fire after making several anti-Semitic remarks, which led to him breaking up with several brands, and Adidas was the last to make the list.
On the morning of Tuesday, October 25, Adidas announced the end of its business relationship with Kanye West and his exclusive Yeezy sneaker line, ending a multibillion-dollar contract.
According to Forbes, West’s main income is royalties from his music, while his deal with Adidas represents the second biggest gain in his assets, so when his relationship with the German sports brand fell apart, the ‘Gold Digger’ translator lost more. half of your fortune.
Adidas has officially announced that it is ending its partnership with Kanye West.
Kanye West is no Longer a Billionaire After a Break in Business with Adidas
In 2021, Kanye West became the richest black artist in the United States by joining the list of billionaires with a net worth of $6.6 billion.
Since then, his fortune has plummeted, jumping from $6 billion to $4 billion a year, according to Celebrity Net Worth. However, Forbes estimated the rapper’s fortune at $1.3 billion, although he always boasted that he had more money.
Considering that the Adidas deal was his second biggest revenue, Forbes took the billionaire title from Kim Kardashian’s ex-husband as he now only has $400 million, and this is his biggest downfall.
In addition to his music, West’s fortune comes from real estate, cash and a 5% stake in Skims, Kim Kardashian’s body-shaping brand.