Kanye West is unfortunately no longer a billionaire after his business partner Adidas trashed his partnership with them recently following his anti-Semitic comments that appeared on the internet.
Speaking about the company’s decision to drop the rapper, Adidas said in a statement Tuesday, “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.”
Kanye West’s business partnership with Adidas reportedly made up for the rapper’s $1.5 billion net worth, so, now that the deal is no longer in place, Ye has been valued at $400 million, according to Forbes reports.
Kanye West has been working with the German athletic company since 2013 on his Yeezy line of sneakers. And, other big companies that have cut ties with Ye’s business include Gap, Balenciaga and Vogue.
Adidas’ final move to drop Ye’s collaboration settles a weeks-long controversy in which the “Yezzy” founder spewed anti-Semitic commentary.
Kanye West said on the ‘Drink Champs’ podcast earlier this month, “I can say anti-Semitic s–t and Adidas cannot drop me.”
Here is exactly what Kanye said that brought all of the troubles, and it has reportedly been proven false.
Kanye declared that he would go “death con 3” on Jews. He was most likely referring to “defcon,” a military term that means “increase in force readiness above normal readiness.”
The rapper also bashed “Jewish media” for silencing him online after he posted a screenshot of his text messages with Diddy in which he wrote, “This ain’t a game. Ima use you as an example to show the Jewish people that told you to call me that no one can threaten or influence me.”