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Kanye West’s billionaire status is erased after Adidas nixes deal

Published

3 years ago

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The musician is no longer a member of the ten-digit club following his antisemitic remarks

On Tuesday, Forbes confirmed that Ye has lost his billionaire status as multiple companies are distancing themselves from the rapper, who has won 24 Grammy Awards.

The Adidas deal helped make Ye a billionaire and aided the German sportswear company in having a more edgy appeal.

However, the collaboration could not survive the recent outcry over the rapper’s offensive and antisemitic remarks.

In making the decision to immediately stop production of its line of Yeezy products and stop payments to Ye and his companies— Adidas says it expects to take a hit of up to $246 million to its net income for 2022.

Forbes estimated that Adidas accounted for $1.5 billion of Ye’s net worth effectively kicking him out of the ten-digit club.

The split-up comes on the heels of Gap Inc. announcing in September it would dissolve their partnership with West.

Additionally, according to reports, the talent agency CAA has dropped West as a client.

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Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

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U.S. shutdown ends: what’s next?

Congress reopens U.S. government after 43-day shutdown; Zoran Kresovic examines the deal’s implications and ongoing political tensions.

Published

22 hours ago

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November 18, 2025

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Congress reopens U.S. government after 43-day shutdown; Zoran Kresovic examines the deal’s implications and ongoing political tensions.


After a record 43-day government shutdown, Congress has finally agreed to reopen the U.S. government, but political tensions and risks remain.

Zoran Kresovic from Blueberry Markets breaks down the deal and its implications.

#USPolitics #GovernmentShutdown #Congress #FederalWorkers #BlueberryMarkets #PoliticalAnalysis


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Trump Threatens $5B BBC Lawsuit

Trump targets BBC with a $5 billion defamation claim over edited video; expert discusses implications.

Published

22 hours ago

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November 18, 2025

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Trump targets BBC with a $5 billion defamation claim over edited video; expert discusses implications.


U.S. President Donald Trump is pursuing a defamation claim against the BBC over an edited speech video, potentially seeking up to $5 billion.

Oz Sultan from Sultan Interactive Group joins us to unpack the legal and reputational implications.

#Trump #BBC #Defamation #MediaLaw #USPolitics #FreeSpeech


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Trump-Xi APEC talks stir Taiwan concerns

Trump and Xi’s APEC meeting raises concerns over US Taiwan policy and changing regional alliances.

Published

2 days ago

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November 17, 2025

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Trump and Xi’s APEC meeting raises concerns over US Taiwan policy and changing regional alliances.


President Trump and Xi Jinping met at APEC, prompting questions about US policy on Taiwan and shifting regional alliances.

#TrumpXi #APEC2025 #Taiwan #USJapanAlliances #China #Geopolitics #AsiaPacific #RegionalSecurity


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