Kanye West separates from Adidas and ceases to be a Billionaire

Kanye West separates from Adidas and ceases to be a Billionaire

the rapper kanye-westalso known as Ye, is going through a rough few weeks, after cutting ties with major business relationships due to his controversial comments.

Adidas announced on Tuesday the termination of a contract with ye, assuring that “it does not tolerate anti-Semitism and any other type of hate speech” and that “The recent comments and actions of kanye-west they have been unacceptable, hateful and dangerous» and in the same way Adidas said that he violated the “values ​​of diversity and inclusion, mutual respect and fairness” of the brand.

According to some international media such as Us Magazine “According to reports, the net worth of kanye-west has dropped significantly since he lost his contract with Adidas amid his anti-Semitic remarks.”

Well, the collaboration with Adidas and the brand Yeezy of the rapper was worth approximately 1,500 million dollars, estimates Forbes. Without the deal, West’s net worth has fallen to $400 million. And as reported by Forbes on Tuesday, that sum comes from real estate, cash, her music catalog and a 5 percent stake in ex-wife Kim Kardashian’s girdle firm, “Skims.”

Kanye West separates from Adidas and ceases to be a Billionaire

To that is also added more fallen alliances. The American bank JP Morgan, the clothing brand Gap, the high-end fashion house Balenciaga and the Creative Artists Agency also ended their relationships with the rapper.

The film and television player “MRC” had prepared a documentary that narrated the artist’s life, a documentary that had recently been completed, but on Monday they announced that it would not be broadcast.

Kanye West separates from Adidas and ceases to be a Billionaire

As for that, they accused him in a statement of expressing “the lie that the Jews are evil and conspire to control the world for their own benefit.”

As leaders of this company (a Jew, a Muslim and a Christian), we feel duty bound to tell all of you that this is a pernicious and terrible use of false logic.

Furthermore, comments from kanye-west considered racist and anti-Semitic that he has expressed lately, has not only brought him economic consequences, but also social rejection.