Kanye West Loses Hundreds of Millions After Violent Antisemitic Comments
Kanye West—legally “Ye”—might have finally gone too far. Companies, sponsors, and partners are dropping him left and right, and it’s finally costing him.
According to Forbes, the consequences of West’s antisemitic remarks have cost him hundreds of millions of dollars, because as of today, Kanye West is no longer a billionaire. Ye, who’s notoriously conscious of his billionaire status, once called out Forbes for failing to record his $3.3 billion net worth. Well now, that number has dropped drastically to “only” $400 million.
Ye’s not laughing anymore. The rapper and businessman has made so many divisive comments in the past that there are entire sections on his Wikipedia page dedicated to his controversies.
From his comments about slaves to his notorious “White Lives Matter” shirt, West’s antisemitic comment might be the worst so far. Just a few days ago, West tweet “Go death con 3 on JEWISH PEOPLE” went viral, starting a domino effect that’s effectively canceling his reputation in the business.
West even dared that “I can say antisemitic s—- and Adidas cannot drop me,” but it turned out that it couldn’t be further from the truth. Adidas, which first partnered with Ye in 2013, officially canceled its lucrative partnership with Ye “with immediate effect.” Adidas, which makes four percent to eight percent of its sales from the Yeezy line alone, lambasted Ye’s comments as “unacceptable, hateful, and dangerous.”
Adidas isn’t the only company dropping Ye. Balenciaga, Vogue, and West’s own talent agency CAA all dropped Kanye West within the same week. The production company MRC is also shelving their documentary project on Kanye West, and The Gap has announced that it’s removing all Yeezy Gap merchandise.
The biggest move against Ye might have come from Twitter and Instagram, with the former locking Ye’s account and the latter deleting it altogether. Both platforms claimed Ye violated their respective policies with his violent “death con” tweet against Jewish people, effectively limiting Ye’s public presence.
In retrospect, this might be the only thing saving his career. Any more comments, and he might lose his net worth altogether.