Joe
Active member
It's now official that Kanye West is no longer a billionaire, he lost hundreds of millions of dollars in net worth only this week. with a drastic drop. He is now worth $400 million according to Forbes and other multiple reports
The rapper who now goes by the name Ye's is falling out with corporate partners, which has cost him his status as a billionaire, but emotionally and is said to be mentally depressed at the moment
In the last few months, Kanye West now known as Ye has seen luxury fashion house Balenciaga Gap, and the most recent hit to the Rapper was Adidas ending the business relationship with him for antisemitic comments and wearing a shirt with a slogan linked to Ku Klux Klan, which the brand Adidas finds offensive and have quote such went against their terms of the agreement, thereby terminating Ye's contract
Also on Tuesday Forbes reports one of the leading trackers of wealth among the world's famous and financial elites, in the said report Kanye West was declared to have dropped from being on the list of billionaires to now millionaire list haven lost estimated hundreds of millions of dollars in net worth within a week and now also Adidas has terminated his contract deal accounted for $1.5 billion of his net worth
It's indeed not a good time for Kanye West ''Ye'' as one of the most influential hip hop artist and producers of all time, The American rapper, songwriter, record producer, and fashion designer who was born on the 8th of June 1977and now age 45 is indeed in one of his bad moment
As multiple reports also said that he now worth $400 million remaining of his net worth comes from real estate, cash, his music catalog, and other about 7% state in ex-wife Kim Kardashian's shapewear firm, and skims
Of course, it’s likely that Ye still considers himself a billionaire, given that he has complained for years that Forbes was underestimating his net worth. Forbes reported that in 2020 — when it first listed him as a billionaire — he texted the magazine saying, “It’s not a billion. It’s $3.3 billion since no one at Forbes knows how to count.”
For this year’s valuation, Ye sent documents to Forbes claiming his Adidas partnership alone was worth $4.3 billion and has claimed elsewhere that his net worth was about $7 billion.
Though Kanye West is yet to respond or comment on this development, even when the media try to reach out to him for a comment which he declined, his representative's also declined in making comments or responding to questions to this reports. Joe reporting from Worldforumlive
