Kanye West Loses Billionaire Status After Being Dropped from Adidas

It's not looking good for Kanye West right now
By Andy Lalwani
Photo by MEGA/GC Images via Getty Images

Kanye West, or better known as Ye, has lost his billionaire status after his large partnerships have come to an end. According to Forbes, the latest cut from Adidas causes the rapper to lost his net worth.

Now after the Adidas deal, Ye is worth roughly $400 million.  In addition, Forbes reports that Ye’s stake in the company venture with Adidas was valued at $1.5 billion dollars through royalties and Yeezy products sold by Adidas.

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At this time, Ye holds most of his value through real estate, a large amount of cash, and a five percent stake in Skims with Kim Kardashian.

NEW YORK, NEW YORK – MAY 22: Kanye West arrives at the Balenciaga show on May 22, 2022 in New York City. (Photo by Gotham/GC Images)

Adidas joins the likes of CAA cutting ties, Balenciaga fashion house, and more. This all came after his latest remarks in a recent podcast where the rapper stated “I can say antisemitic things and Adidas can’t drop me.” Others say Adidas dropped the rapper for other reasons.

According to sources, the rapper was obsessed with his net worth status. When he first made the list in 202, Ye reportedly messaged many reporters saying “it’s not a billion,” it was actually “$3.3 billion since no one at Forbes knows how to count.”

PARIS, FRANCE – OCTOBER 02: (EDITORIAL USE ONLY – For Non-Editorial use please seek approval from Fashion House) Kanye West attends the Givenchy Womenswear Spring/Summer 2023 show as part of Paris Fashion Week on October 02, 2022 in Paris, France. (Photo by Stephane Cardinale – Corbis/Corbis via Getty Images)

Forbes stated that Ye continued to press the magazine every year claiming he was worth more, at one point claiming he was worth an estimated $4.3 billion. Yet, the magazine claimed was worth $2 billion.

Under the Adidas partnership, the brand owns the rights to all color schemes and designs.