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

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2 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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Harris, Biden & Trump unite for 9/11 ceremony

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6 hours ago

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September 12, 2024

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New York City has marked 23 years since the 9/11 terror attacks that claimed nearly 3,000 lives and reshaped the nation.

Families of the victims gather at the 9/11 Memorial, keeping a sacred promise to remember the fallen with six moments of silence.

These moments mark key events from that tragic morning: the strikes on the Twin Towers, the Pentagon, and the crash of Flight 93 in Pennsylvania.

Also a moment of unity on the campaign trail, as President Biden, Trump, and Vice President Kamala Harris came together at the 9/11 ceremony. #featured #trending

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France at a crossroads: a new Prime Minister takes the stage

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11 hours ago

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September 12, 2024

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Exploring the impact of Barnier’s appointment on Macron’s leadership and the nation’s future

Euro Bloch is a comprehensive program designed to highlight the breadth of topics and issues within the EU political landscape. It offers insightful analysis within the evolving framework of relations between the European Union and Australia/Asia-Pacific region.

Hosted by Ticker EU correspondent, Natanael Bloch.

In this episode, Natanael sits down with Ahron Young to discuss how Michel Barnier’s appointment is shaping Macron’s next move. #euro bloch

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Leaders

Trump vs. Harris: deciding the winner and loser of the great debate

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12 hours ago

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September 12, 2024

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Kamala Harris and Donald Trump squared off in their first and possibly only debate, with both sides taking some big swings.

Harris wasted no time poking fun at Trump’s rallies, even daring viewers to see for themselves.

That dig clearly got under Trump’s skin.

At one point, Trump bizarrely claimed immigrants were eating pets in Ohio – a claim swiftly debunked by the moderators.

Harris hit Trump hard on his election fraud claims, reminding voters that 81 million Americans fired him in 2020.

Things heated up when the two accused each other of using the Justice Department for political attacks – calling each other threats to democracy. #featured #trending #hotshots

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