Kanye West, also known by his stage name Ye, a well-known American rapper has lost his billionaire status.
Ye just lost his billionaire status after Adidas fired him for making a number of antisemitic remarks.
After Forbes announced on October 25 that the rapper is no longer a billionaire because of the end of his contract with the leading German sports wear brand, the news became public.
Earlier this month, Adidas stated its collaboration with Ye was ‘under review’ after he claimed on an episode of ‘Drink Champs’ podcast which has now been removed that, “the thing about it being Adidas is, like, I can literally say antisemitic shit and they can’t drop me. I can antisemitic things and Adidas can’t drop me. Now what?”
According to Forbes, the rapper-cum-fashion entrepreneur's multi-year partnership with Adidas was valued at $1.5 billion and without it, he no longer has a place on their list as he’s now reportedly worth just $400 million.
Albeit, Ye may possibly contest Forbes‘ valuation of his net worth like he did in the past when the outlet put his net worth at $ 1 billion he was first named on their list in 2020.
The controversial rapper fired back claiming it’s was
“$3.3 billion since no one at Forbes knows how to count.”
Other brands who’ve ceased working with Ye over his antisemitic comments include Balenciaga, production company MRC and Creative Artists Agency.
The gap is also removing Yeezy products from shelves and production, and closed the rapper’s Yeezy Gap online store.