Kanye West’s position as a billionaire is revoked after Adidas canceled their contract with him. A staggering $1.5 billion of West’s projected $2 billion fortune was related to his collaboration with Adidas. That large portion of his net worth is virtually gone due to the deal’s failure. He is currently only worth $400 million.
Following several weeks of worrisome statements against the Jewish community, Kanye West, who now goes by Ye, has been drawing unfavorable attention and increasing calls for businesses to cut relations with him.
Kanye West sent the following in one of the tweets that led to Twitter limiting his account two weeks ago:
“I’m a bit sleepy tonight but when I wake up, I’ll go death con 3 on Jewish People.”
Later, Kanye stated that the tweet was intended to refer to Defcon 3. Defense readiness condition (Defcon) is a five-level readiness alert system used by the US military, with level one being the greatest degree of preparedness. Increase in force preparedness over typical readiness is referred to as Defcon level 3.
West was questioned about his “death con 3” tweet during an interview with Piers Morgan and responded, “No. Definitely not.
He did, however, apologize for hurting people and creating “confusion” later in the conversation.
In the moment,
– Balenciaga has stopped working with Kanye.
– His talent agency has dropped him.
– His albums are down by 23% through Oct. 20
– His bank cuts ties with him.
– His record label “GOOD MUSIC” is no longer part of Def Jam.
– His new lawyer has dropped him.
– No access to post on main social media platforms
– Vogue cuts ties with him.
– Adidas set to cut ties with him