How the mighty fall.
Kanye West is no longer a billionaire after losing successive partnerships with big brands.
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Forbes reported that West officially fell from its updated billionaires list.
The controversial rapper’s net worth decreased to around $400 million. This follows the loss of an estimated $1.5 million of West’s net worth attributed to his partnership with Adidas.
The sportswear brand terminated its partnership with West in light of the latter’s “anti-semitic” comments.
“Adidas does not tolerate antisemitism and any other sort of hate speech. Ye’s recent comments and actions have been unacceptable, hateful and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect and fairness,” Adidas said in a statement.
Previously, Gap and West also officially ended their partnership. The former has since removed all Yeezy products from its offerings.
Banner Photo by Jason Persse via Wikimedia Commons.
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