Kanye West has admitted many times in the past that he has a big mouth, and that big mouth is losing him money at an alarming rate.
Since his tirade of interviews spreading hate speech and anti-Semitic ideology, many of his financial partnerships have been dissolved, including Adidas, GAP, and others.
Adidas announced on Tuesday (October 25) that they are ending their partnership with Kanye West, and they will be losing nearly a quarter of a billion dollars in net profits, in the fourth quarter alone, by doing so.
Now what?!
Forbes announced today that Kanye is no longer a billionaire, and his net worth is somewhere around $400 million.
A few years ago, Forbes reported his net worth to be around $1.3 billion.
According to Forbes, Kanye’s wealth is now dependent on real estate, liquid cash, his music catalog, and his less than 5% stake in Kim Kardashian’s Skims brand.
Your thoughts?
Source: TMZ
