Kanye West no longer a billionaire after Adidas cuts ties

(Image credit: (Photo by Rachpoot/Bauer-Griffin/GC Images))

published 26 October 2022

Kanye West's empire has now crumbled to the point that he is "no longer a billionaire," Forbes reported.

The rapper, who is legally known as Ye, officially lost his billionaire status on Tuesday when he was dropped by Adidas — in addition to several other brands including Gap and Balenciaga — for making antisemitic statements.

Earlier in the month, Adidas shared that its partnership with Ye was "under review," Billboard notes, after comments he made on the Drink Champs podcast: "[T]he thing about it being Adidas is, like, I can literally say antisemitic s--t and they can't drop me," Ye said. "I can say antisemitic things and Adidas can't drop me. Now what?" The episode has since been removed for the string of other unrelated "false and hurtful" remarks he made on topics such as the death of George Floyd, The Hollywood Reporter notes.

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Kelsee Majette has worked as a social media editor at The Week since 2022. In 2019, she got her start in local television as a digital producer and fill-in weather reporter at NTV News. Kelsee also co-produced a lifestyle talk show while working in Nebraska and later transitioned to 13News Now as a digital content producer.

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