According to media reports, Kanye West lost over 1 billion dollars after the brand raised its hand from the deals it had with Kanye.
American rapper and Singer-songwriter Kanye West drew controversy after making anti-Semitic slurs on social media. The rapper has claimed to have been beaten to a pulp in recent weeks. After posting an anti-Semitic comment on social media, he lost lucrative contracts with brands like Balenciaga, Adidas, and Gap.
Kanye West is currently embroiled in controversy as a result of his ‘Anti-Semitic‘ outburst on social media.
According to media reports, Kanye has lost over $1 billion dollars after the brand raised its hand from the deals it had with Kanye. Before being dropped by Adidas, Balenciaga, and several other brands, Kanye West had a net worth of around 2 billion dollars, according to Forbes’.
Kanye West’s deal with Adidas was valued at $1.5 billion, but after the company disassociated ties with the rapper, his net worth fell to $400 million Dollars. The rest of Kanye West’s wealth is in his music royalties, cash, real estate, and some share in the apparel line Skims, which was co-founded by his ex-wife, Kim Kardashian. Kanye was listed as a billionaire by Forbes, with an estimated net worth of $1 billion dollars.
Now controversy sparked over his anti-Semitic statement on Jews, “I’m a bit sleepy tonight but when I wake up I’m going death con 3 On JEWISH PEOPLE,” He Tweeted
In an Instagram post, He said, “While I’m still allowed on Mark Zuckerberg’s platform, I’m going to say this again, let’s see the contracts, The film contracts, the sports contracts, the music contracts, the mortgages.” music contracts, movie contracts, sports contracts, and mortgages. Kanye said that he was being beaten mercilessly with no one taking responsibility. He continued by saying,” “Let’s see the contracts so we can or better yet will do better business. I’ve been beaten to a pulp and there’s still no accountability,” He added in the caption, “unknown powers” are trying to destroy my life of a tweet. So does this prove that my so-called suspicion was true? Leading with a love speech.
Amid the controversy, Wesbusiness executive Ari Emanuel last week urged firms to prevent operating with West.
KANYE LOST $2 BILLION DOLLARS IN ONE DAY
Kanye wrote, “Ari Emanuel. I lost 2 billion dollars in one day. And I’m still alive. This is a love speech. I still love you. God still loves you. Money is not who I am. The people is who I am.”
West, over the past week, has been dropped by his reps at CAA, lost deals with Adidas, The Gap, and clothes designers, and also had his necessities list forced from Apple Music. It’s been said that his merchandise was launched on shelves at TJ Maxx and was brought to an end by Foot Locker. Now, it’s going to be difficult for Kanye to retain all the deals he lost in just a couple of weeks Since his ongoing ban and controversy his social media accounts are also in decline, including his music streams, which also heavily dropped due to the ongoing controversy. Kanye West’s Instagram and Twitter accounts were also terminated, Now it’s been restored.
The recovery of Kanye West’s Twitter account after Elon Musk’s takeover earlier this week, but Musk said it was done without Musk’s knowledge before his Twitter acquisition. Kanye has not been too vocal after this incident.