• Kanye West is better recognized as an American rapper, singer, songwriter, record producer, fashion designer, and entrepreneur
• This year, most of Ye’s source of income/ net worth has been affected due to his inappropriate behavior

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Kanye West is no longer a Billionaire

The 45-years rapper-cum-fashion entrepreneur no longer has a place on the Forbes Billionaires’ list. One of the world-famous athletic companies has ended its partnership with Kanye West after he made non-stop anti-Semitic comments.

Ye, who had worked with Adidas since 2013 on his Yeezy line of super-expensive, super-popular sneakers, has cut ties with the German sportswear giant Adidas.

When Ye made an appearance on the Drink Champs podcast earlier this month, he said,

“I can say antisemitic s—- and Adidas cannot drop me,”

As soon as the statement circulates over the internet Adidas drops Ye after immense public pressure amid his hateful comments. Ye thought he was untouchable, however, Adidas ultimately drop him due to his problematic behavior.

Also read The Top Recent Kanye West 2022 Controversies and Contentious Moments

According to the latest Forbes reports, Ye has now estimated $400 million net worth, once valued at $2 Billion.

One of Ye’s biggest financial losses from this year was his $1.5 billion deal with Adidas.

What is the source of Ye’s income?

According to Ye’s finances, the rapper has five sources of income such as his massive Adidas deal, Gap partnership, music catalog, and selling new music and concerts.

However, four of his income sources have been either completely shut down or badly compromised. West’s anti-Semitic outburst and support for white supremacists have created a huge buzz this year.

Last month, he wore a controversial t-shirt to the surprise PFW show for his brand Yeezy’s Season 9 collection. The t-shirt featured the Pope’s face on the front and the words “White Lives Matter” on the back.

In September, he ended his two-year-old deal with Gap. As far as concerts, Ye has not had any show amid the scandals. In earlier November, he could have a show at SoFi Stadium in LA, however, that was canceled by the venue. Similarly, regarding West with new music, there is yet no further report available.

Though he releases a new album, an insider said,

“He’s unlikely to net anything like as much as he has for previous albums,”

“He’s a many-time Grammy winner and he has such a large following that his albums go platinum instantly.” Royalties, which give Ye roughly $5 million USD each year according to Billboard, are reportedly barely enough to pay for his expenses. That’s about enough to pay his gas bill for his jet.”

Also read R Kelly’s Net Worth- Journey from richest rapper to Negative $2 million

In like manner, Ye’s vast majority of wealth comes from his deal with Adidas for his Yeezy line.

According to various outlets, West could be just months away from dealing with a financial crisis.

Short bio on Kanye west

Kanye West is an American rapper, singer, songwriter, record producer, fashion designer, and entrepreneur.

He is among the most acclaimed musicians of the 21st century and is one of the best-selling artists of all time. He has sold more than 32 million albums and 100 million digital downloads worldwide. See more…