Why Kanye West no longer billionaire – Forbes



American business magazine, Forbes has disclosed that American rapper, Kanye West is no longer a billionaire after German multinational corporation, Adidas cut ties with him.

This was announced in an official statement on the magazine website on Tuesday.

According to Forbes, Kanye no longer has a place on its billionaire’s list after being dropped by Adidas for antisemitism.

In recent weeks, Kanye has gone on several anti-semitic rants across his social media handles.

He had alleged that the Jews control Hollywood and vowed to “go Defcon 3” on the Jewish people, apparently referring to the military readiness condition.

Forbes also added the multi-year Adidas deal was valued at $1.5 billion, without which he’s worth just $400 million.

It said what remains of Kanye financial empire is his real estate, cash, music catalogue, and a five percent stake in Skims, his ex-wife Kim Kardashian’s shapewear firm.

Recall in a statement released by Adidas, said it conducted a “thorough review” and would immediately stop production of its line of Yeezy products.

“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,” the company said in a press release.

“After a thorough review, the company has taken the decision to terminate the partnership with Ye immediately, end production of Yeezy branded products, and stop all payments to Ye and his companies. Adidas will stop the Adidas Yeezy business with immediate effect.”

Among the top brands that have also severed ties with Kanye West in the wake of his anti-semitic remarks are Balenciaga, MRC, and Creative Artists Agency (CAA).
Source
2022 Vanguard Media Limited,

Comments

Post a Comment

Popular posts from this blog

A U.S. marine gives a cigarette to an injured Japanese soldier, buried in the sand at the battle of Iwo Jima in 1945.

Image
A U.S. marine gives a cigarette to an injured Japanese soldier, buried in the sand at the battle of Iwo Jima in 1945. Equipped with a grenade, the soldier lay in ambush for 36 hours. Marines spotted him concealed in the dark sand and managed to dislodge the grenade out of his reach. Although he surrendered, the cautious Marines suspected potential booby traps and approached carefully. At his request, he was given a cigarette, and thereafter, they cautiously removed him from the shell hole. The 3rd and 4th Marine Divisions broke up the remaining organized resistance on March 16, 1945, the same day this photo was taken. Occasionally individual enemy soldiers armed with demolition charges and grenades raced out against tanks or groups of Marines but were shot down before they could do any great damage to personnel or equipment. Isolated pockets, totaling some 3,000 enemy soldiers, remained around the island. US V Amphibious Corps Command declared Iwo Jima secure at 1800...
Read more

American soldiers execute SS camp guards who have been lined up against a wall during the liberation of Dachau concentration camp.

Image
Following the liberation of the Dachau concentration camp, American troops felt an urge to personally punish the camp's guards. What exactly transpired still isn't known. Dachau concentration camp, located in the state of Bavaria, Germany, was the first concentration camp established by the Nazi regime. On April 29, 1945, Dachau was liberated by the U.S seventh Army’s 45th Infantry Division. Corpses of prisoners in the Dachau death trains. 1945. But it wasn’t just liberated. Reports indicated that, appalled by what they saw, members of the U.S army were driven to take revenge. They allegedly murdered the SS officers and guards who were responsible for the Holocaust horrors that took place at Dachau. The troops arrived at the Dachau concentration camp in the afternoon. They were on their way to Munich which was just over ten miles from Dachau. Though the troops passed through Dachau, it wasn’t initially a part of the attack zones they were headed for. ...
Read more

This photograph captures one of the last moments of this woman’s life.

Image
Cheng Benhua was a resistance fighter who gave her life defending her home country of China against the Japanese Imperial Army.  She has become a symbol of bravery in the face of death and unspeakable abuse.  Not long before striking this defiant pose, Cheng Benhua was repeatedly abused by her Japanese captors.  Despite the awareness that she would soon be killed, she still managed to put on a devious smile that made it seem like she was taunting the soldiers around her. Cheng Benhua's unwavering courage in the face of death has become an iconic representation of fearless resistance. A photograph, taken by a Japanese photographer shortly before she was fatally wounded in 1938, captures her unyielding spirit.  Not long before striking this defiant pose, Cheng Benhua was repeatedly abused and raped by her Japanese captors.  Despite enduring severe mistreatment at the hands of her captors, she appears to smile as she fa...
Read more