Kanye West, now known as Ye, does not own any part of Adidas. He is the sole proprietor of the brand Yeezy, which had a business collaboration with the sportswear giant.
An account by Forbes in 2019 reported that Ye's deal with Adidas procured him a solid 15% royalty on wholesale Yeezy products. Ye in an interview with Bloomberg News in September 2022 revealed that he wanted to talk terms about a new 20% lifetime agreement.
What happened between Kanye’s Yeezy and Adidas?
The successful partnership of Yeezy and Adidas was terminated when a viral video of West, now known as Ye, circulated through social media. In the video, Ye is seen disrespecting Adidas, saying “I can say anti-Semitic things, and Adidas can’t drop me. Now what? Now what?”.
This statement was triggered by various antisemitic comments that Ye had previously said on a few interviews earlier, specifically on the Drink Champs podcast on 15 October and on Piers Morgan Uncensored on 19 October 2022.
What is Kanye’s current Net worth?
Kanye West’s current net worth as of 2022 is estimated to be $400 million. His net worth has dropped by over $1.5 billion because of Adidas’s decision to withdraw from its brand deal with Yeezy. The market valuation of the brand Yeezy fell so much that it caused it to devalue after it lost its partnership with Gap and Adidas.
For years, Forbes and the rapper have disagreed about his value. Ye always felt that his net worth was higher than Forbes evaluated. Ye was not satisfied even after making the billionaire list with an estimated $1 billion in 2020. A text conversation between Ye and Forbes showed that he had asked the outlet why they said it was a billion. He said, “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 billionaires list.
What is Yeezy’s current net worth?
In the year 2021, the value of the Yeezy brand was between $3.2 billion and $4.7billion. The Bank of America estimated the future royalties between Adidas and Yeezy to be between 1.75 billion and 3 billion dollars. The net worth of Yeezy after the end of the partnership between the two brands is not known at this time.
FAQs
Q. How much is Kanye West worth?
A. Kanye West is worth $400 million.
Q. How old is Kanye West?
A. Kanye West was born on 8 June 1977. His current age is 45 years.
Q. Is Kanye West still married to Kim Kardashian?
A. No. Kanye West and Kim Kardashian ended their marriage on 2nd March 2022.
Q. When did Yeezy start?
A. Yeezy started in 2009, as a collaboration between Nike and Kanye. Later, an official collaboration was stitched between Adidas and Nike in 2019.
