KANYE WEST LOST $2 BILLION IN ONE DAY
Rapper Kanye West said he lost a whopping $2 billion in a single day. This comes after brands like Adidas, Balenciaga and Gap cut ties with him.
West’s deal with Adidas was worth $135 billion alone. The sports apparel brand announced that they’ve based their decision to let go of West because of his offensive behaviour and comments.
Business Insider reports that in an Instagram post on Thursday captioned “LOVE SPEECH”, West appeared to address Ari Emanuel, CEO of media and entertainment firm Endeavor, who wrote an op-ed in The Financial Times, calling for music companies to cease working with West because of his antisemitic comments.
Even though the 45-year-old has lost that much money, it still doesn’t mean he’s down and out.
According to Forbes, he is still worth millions thanks to his music, real estate, cash, and his ex-wife. West owns a 5% stake in Skims, the clothing line started and owned by Kim Kardashian.
Besides his social media posts causing a stir, he also showed up at shoe apparel Skechers’ corporate office in Los Angeles. Skechers said in a statement that he showed up “unannounced and without invitation”.
West also owns a Christian private school in New York, but the school abruptly shut its doors when the news broke that the labels have cut ties with him.
Image credit: Sky News