Kanye West says he lost $2B in one day after Adidas, Gap cut ties - Business Insider

1 year ago 35
  • Kanye West said helium mislaid $2 cardinal successful 1 time aft companies chopped ties with him.
  • West's Adidas woody was valued astatine $1.5 cardinal but the steadfast scrapped it aft his violative remarks.
  • The remainder of his luck is successful music, cash, existent estate, and Kim Kardashian's covering line, Forbes says.

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Kanye West, known arsenic Ye, said connected Thursday that helium mislaid $2 cardinal successful 1 time aft large companies chopped ties with him due to the fact that of his violative behaviour and comments.

Adidas, Gap, Balenciaga, and Vogue decided to end their concern relationship with Ye pursuing his "hateful and dangerous" comments and behavior, including saying helium was "going decease con 3 connected JEWISH PEOPLE."

In an Instagram station connected Thursday captioned "LOVE SPEECH," Ye appeared to code Ari Emanuel, CEO of media and amusement steadfast Endeavor, who wrote an op-ed successful The Financial Times, calling for euphony companies to cease moving with Ye due to the fact that of his antisemitic comments.

"I mislaid 2 cardinal dollars successful 1 time and I'm inactive alive," Ye wrote successful the post. "This is emotion speech, I inactive emotion you, God inactive loves you."

"The wealth is not who I am," helium said, adding: "The radical is who I am."

Before being dropped by Adidas and different companies, Ye had a nett worthy of astir $2 billion, according to Forbes. Ye's concern with Adidas was valued astatine $1.5 billion, but aft the retail institution severed ties with the rapper, his nett worthy fell to $400 million, per Forbes. As a result, helium dropped disconnected Forbes' Billionaires' list.

The remainder of Ye's luck remains successful his music, existent estate, cash, and a 5% involvement successful his ex-wife Kim Kardashian's covering line, Skims, Forbes reported.

The 45-year-old disputed the figures and told Forbes this twelvemonth that the Adidas woody unsocial was valued astatine $4.3 billion. When Forbes published its billionaires database with Ye valued astatine $2 billion, helium told Forbes the work had undervalued him.

When Ye was archetypal listed arsenic a billionaire by Forbes with an estimated $1 cardinal fortune, helium said helium really had $3.3 cardinal to his name.

Ye's Instagram station came hours aft helium was escorted retired of a Skechers firm office successful Los Angeles aft visiting "unannounced and without invitation," the institution told Insider successful a statement. On apical of this, Ye's arguable $15,000-a-year Christian school abruptly unopen its doors, reports said.

As good arsenic antisemitic tweets, Ye sparked contention by wearing a shirt emblazoned with the words "White Lives Matter"  during Yeezy's amusement astatine Paris Fashion Week successful aboriginal October.

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