Kanye West no longer a billionaire after Adidas terminates partnership

Kanye West is no longer a billionaire. After Adidas cut ties with Kanye West and his Yeezy collection, the rapper lost his billionaire status. Adidas issued a statement on Tuesday in response to West's string of anti-Semitic remarks, saying, "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 added.

Page Six quoted a Forbes report according to which West's worth is USD400 million now after the Adidas partnership was terminated. The Yeezy deal accounted for USD1.5 billion of his net worth.

Kanye was collaborating with Adidas on his Yeezy shoe line since 2013.

This development comes just days after Balenciaga cut ties with the rapper. Post that, while speaking to TMZ Kanye said, "I ain't losing no money... The day I was taken off the Balenciaga site, that was one of the most freeing days."

He said that people are merely cutting ties with him to "mute" him. He mentioned that people are doing so to simply "score points," according to Page Six.

He further added that it's not easy to cancel him — "We here, baby, we ain't going nowhere." He defended his anti-Semitic commend and told TMZ, "I want to talk about the Jewish comment, it's actually proven the exact point that I made."

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