Yes. Adidas forfeit their business partnership with Kanye West’s brand Yeezy.
The end of Yeezy’s successful partnership with Adidas was caused by a viral video of Kanye West, now known as Ye, that went all around social media. Ye disrespected Adidas in the video, saying “I can say anti-Semitic things, and Adidas can’t drop me. Now what? Now what?”. This also provided grounds for his billionaire status to be rescinded in just a matter of minutes.
What is Kanye West’s brand Yeezy worth?
Kanye’s Yeezy was worth between $3.2 billion and $4.7 billion in the year 2021. The Bank of America had also estimated that their future royalties between Yeezy and Adidas were estimated to range from $1.75 billion to $3 billion. It is not known how much Yeezy’s current net worth is after the end of the partnership between the two brands.
What is Kanye West’s current net worth?
Kanye West’s current net worth as of 2022 is estimated to be $400 million. Ye, has recently ended his business partnership with German sportswear Adidas. The decision to rescind his deal with the brand is said to have caused his net worth to drop by $1.5 billion. This drop was because of the aggressive fall in the market valuation of Yeezy, his sneaker and apparel brand, which devalued after losing its undertaking with Gap and Adidas.
For years, Forbes and the rapper have had arguments about his valuation. Ye always felt his net worth was underestimated. Even after making the billionaire list with an estimated $1 billion in 2020, Ye was not satisfied. A text conversation between Ye and Forbes, revealed that he had questioned the outlet for their estimation, saying, “It’s not a billion. It’s $3.3 billion since no one at Forbes knows how to count”. But as of October 2022, Ye is no more on the billionaire list.
How much is Adidas worth?
Adidas AG as of October 2022, is valued at $20.04 billion.
FAQs
Q. How much is Kanye West worth?
A. Kanye West is worth $400 million.
Q. How much is Yeezy worth?
A. Yeezy was worth between $3.2 billion and $4.7 billion in the year 2021, but it is currently unknown how much the brand could be worth after their forfeited partnership with Adidas.
Q. Where is Kanye West from?
A. Kanye West is from Atlanta, Georgia, United States.
Q. Who owns Yeezy?
A. Kanye West is the sole proprietor of Yeezy.
