Forbes confirms Kanye West no longer remains a billionaire
Former billionaire Kanye West no longer has that position. He made the move after posting an anti-Semitic remark on social media. Issues arose when George Floyd’s family declared their intention to sue Kayne West for his anti-black and anti-semitic remarks. Comments made against the Jewish community are said to be antisemitic. Several of them also said that it was wrong for Kanye West to bother Kim Kardashian and her ex-boyfriend Pete Davidson.
Ye, a well-known solo musician formerly known as Kanye West and a well-known American producer, rapper, and fashion designer, changed his name. He was created in Georgia, USA. Due to his numerous collaborations with various brands and agencies, he was included in the Forbes list of billionaires. Despite his efforts, he lost his status as a result of some recent, contentious remarks he made, which cost him a spot on the Forbes billionaire list.
In a statement, the sportswear business said that after carefully considering the situation, it has decided to immediately end its collaboration with Ye. They halted all payments to Ye and his businesses and ceased manufacturing the hugely popular Yeezy brand that was created in collaboration with West. Adidas terminated its 250 million euro agreement with Kayne West on Tuesday.
The business continued: Ye’s remarks were “unacceptable, hateful, and dangerous,” and they went against their values of fairness, mutual respect, diversity, and inclusion. Additionally, the company declared that it does not accept any form of hate speech, including antisemitism. According to sources, Kanye had his Twitter and Instagram accounts blocked, and some of his anti-Semitic posts, including one in which he declared, “Death to con 3 on Jewish people,” had been taken down.
Numerous people and organizations have banded together to speak out against Kanye in support of this issue. A well-known American DJ combo called Chainsmoker previously announced that they would be taking their tune with Kanye off of music streaming services. Additionally, NBA player Jaylen Brown and NFL star Aaron Donald have dissolved their affiliation with Kanye West’s marketing firm, Dondo Sports. The GAP factory also severed connections with Kanye for the aforementioned reason. GAP said that their deal with their partner was suddenly over because of what he had said recently.
Kanye’s net worth with Adidas is $1.5 billion. He would only be worth $400 million without it. Kanye has been hurling fight after fight in waves of conflict. Even Taylor Swift, Kim Kardashian, and her boyfriend were at odds with him.