Adidas struggles to sell $530 million worth of sneakers after cutting ties with Ye’s Yeezy brand
Ye’s net worth has declined by $1.6 billion since Adidas severed ties with Yeezy brand.
Kanye West
The 10 richest Black Americans in December 2022
The net worth of the 10 richest African-American billionaires rose by $910 million in 2022.
African-American mogul Ye to sell off Balenciaga, Adidas, Gap hoodies for $20
Since Adidas severed ties with Ye in October, his net worth has declined by $1.6 billion.
Ye’s net worth slumps by $1.6 billion to $400 million in days
Ye’s $400-million fortune is made up of real estate, cash, a music catalog, and a five-percent stake in Skims.
Kanye West no longer a billionaire as Adidas cuts ties with Yeezy brand
The majority of West’s fortune was based on a multiple of annual earnings from Adidas.
Adidas terminates partnership with African-American billionaire Kanye West
The decision will cost Adidas up to $247 million in earnings this year.
Kanye West agrees to buy social networking platform Parler
Last week, Twitter Inc. removed an anti-Semitic post from Ye’s account.
Kanye West’s Yeezy brand terminates deal with U.S. retailer Gap
Gap earlier made headlines for selling Yeezy products in its Times Square store.
African-American billionaire Kanye West accuses Adidas of organizing Yeezy Day 2022 without approval
The accusations come nearly nine years after he signed a lucrative multiyear deal with Adidas to design the Yeezy brand.
African-American billionaire Kanye West sued by LA production firm over alleged $7.1 million in unpaid fees
The allegations come just a few weeks after West was sued for over $400,000 by a fashion rental service.
Kanye West gains more than $200 million in one year
West owns the entire Yeezy brand, which is valued at $2.9 billion.