Popular American rapper Kanye West also known as Ye has been stripped off his billionaire status.
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Ye recently lost his billionaire status after being dropped by Adidas over series of antisemitic comments.
The news was made public after Forbes reported on October 25 that the rapper was no longer a billionaire and that he had lost his ranking on the list as a result of a deal being terminated by the leading German athletic wear company.
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?”
The rapper-turned-fashion entrepreneur’s multi-year partnership with Adidas, valued at $1.5 billion, according to Forbes, has cost him his place on the list, and he is now only reportedly worth $400 million.
Ye might challenge Forbes’ estimate of his net worth, as he previously did when the publication valued it at $1 billion when he first appeared 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.
Gap is also removing Yeezy products from shelves and production, and closed the rapper’s Yeezy Gap online store.
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