Kanye West loses billionaire status as more companies cut ties over antisemitic remarks

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The former billionaire is now worth $400 million after Adidas cut ties with him.

Kanye West locked out of Twitter after antisemitic tweet

After a thorough review, the company has taken the decision to terminate the partnership with Ye immediately, end production of Yeezy branded products and stop all payments to Ye and his companies. adidas will stop the adidas Yeezy business with immediate effect. adidas is the sole owner of all design rights to existing products as well as previous and new colorways under the partnership. More information will be given as part of the company’s upcoming Q3 earnings announcement on November 9, 2022."With the loss of the Adidas deal, Forbes reported Ye has lost his billionaire status and is now worth $400 million. The gigantic entertainment, sports, and media agency confirmed with FOX 11 that they are no longer representing the rapper.

 

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