Kanye West has long since ruined his reputation with his hate speech, confused performances and, most recently, anti-Semitic statements. But his dropouts are also said to have caused him massive damage financially. This is now reported by the magazine "Forbes".
His anti-Semitic statements and the resulting consequences have apparently already cost US star Kanye West a fortune. A little over a year ago, West, who now calls himself Ye, was worth $6.6 billion. But he is now rid of his status as a billionaire, reports Forbes magazine, which is usually well informed about the financial situation of the stars. After various collaborations ended, it estimates the rapper's property values at "only" around 400 million US dollars.
That sum is made up of real estate, the singer's music catalog and a stake in West's ex-wife Kim Kardashian's shapewear brand. The biggest cut in West's fortunes was the end of his business relationship with the German sporting goods manufacturer Adidas.
The company said on Tuesday: "Adidas does not tolerate anti-Semitism or any other type of hate speech. Ye's recent statements and actions are unacceptable, hateful and dangerous and violate the company's values of diversity and inclusion, mutual respect and fairness. "
Since 2015, West had designed shoes and clothing for Adidas under the "Yeezy" brand. According to the manufacturer, production is now being discontinued. "All payments to Ye and his companies" would also be stopped.
The Balenciaga and Gap West brands had previously left. The largest US clothing retailer said in a corresponding statement: "Anti-Semitism, racism and hatred of any form are out of the question and incompatible with our values."
Numerous stars have also criticized an anti-Semitic social media post by the rapper, which he has since deleted, and expressed solidarity with the Jewish community. Among them are actress Reese Witherspoon, singer Boy George and West's ex Kim Kardashian. "I stand with the Jewish community and demand that the horrific violence and hateful rhetoric against them stop immediately," she wrote on Twitter, among other things.
