Kanye West loses billionaire status after Adidas terminates multi-year deal

Kanye West loses billionaire status after Adidas terminates multi-year deal

Rapper Kanye West, who changed his legal name to Ye in 2018, is reportedly no longer a billionaire after apparel brand Adidas cut ties with the rapper over some recent comments made by Kanye.

The rapper’s net worth is reportedly $2billion (£1.7billion).

His fortune is a combination of his estate, his clothing brand Yeezy (which is a multi-year deal with Adidas), his music, as well as a five percent stake in his ex-wife Kim Kardashian’s clothing brand SKIMS.

Adidas has since cut ties with the 45-year-old after he made anti-Semitic statements on social media.

In a statement on October 25, the clothing giant said that they will halt production on the Yeezy line.

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