Kanye West is no longer a billionaire after Adidas cancels Yeezy brand
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Earlier this year, West was reported to have a net worth of a staggering $2 billion thanks to a multi-year deal with Adidas for his sneaker brand Yeezy, as well as his music.
In a statement released today (25 October), Adidas announced it was cutting ties with West, who now legally goes by the name Ye, over some of his recent comments.
Forbes reports that West’s deal with Adidas accounted for $1.5 billion of his net worth, so with Adidas officially having split from the rapper, his fortune drops to $400 million.