Kanye West is no longer a billionaire, Forbes says, as a growing list of companies drop him due to antisemitic comments
CBSN
Ye, formerly known as Kanye West, is facing consequences for his recent antisemitic comments, with a growing list of companies and individuals severing ties with him. The terminated business deals have resulted in his net worth dropping, and he is no longer a billionaire, according to Forbes.
Once valued at $2 billion, the rapper and designer now has a net worth of about $400 million, Forbes says, with that total comprised of cash, real estate and the value of his music. He also owns 5% of Skims, the shapewear brand founded by his ex-wife Kim Kardashian West, with whom he has four children.
One of the biggest financial losses was his $1.5 billion deal with Adidas. The athletic apparel brand is one of latest companies to announce it has ended its partnership with Ye, after mounting public pressure over his hate-filled remarks. Organizations like the Anti-Defamation League, celebrities and high-profile figures including talent agent Ari Emanuel called on companies to stop working with him.
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