Kanye Wests Net Devils Plummets after Singer’s Celeb Feud and Outbursts – Celebrity News – Entertainment

Kanye West, famous for his wife Bianca Censori’s bold fashion selection as his platinum-selling albums, has seen his fortunes significantly influenced by his unpredictable and often controversial outbreaks. West had long wanted a place on Forbes Magazine’s billionaire list and finally secured somewhere in 2020 after presenting documents confirming his net worth.

His wife, Bianca Censory, turned heads again with his risqué clothing at the recent Grammy Awards. West’s wealth, reaching an estimated top of $ 2 billion, was driven by partnerships with clothing brands like Adidas as much as his record sales.

Even after making the list, however, West expressed dissatisfaction. Shortly after the list’s publication, he texted a Forbes editor and said, “It’s $ 3.3 billion as no one on Forbes knows how to count.”

In addition to its own wealth, West has shown sensitivity to the rising wealth of the pop icon Taylor Swift, which is currently ranked as the world’s second richest musician with a net worth of about $ 1.6 billion.

West referred to the 35-year-old singer-songwriter in a track from her 2024 collaboration with colleague-rapper Dollar sign, Vultures 1, and claimed to have earned six times more than she did, reports mirrored us.

At one point he could have been richer than Taylor Swift, but less than three years after first appearing on the Forbes list, West’s Fortune got a significant hit. This came after Adidas interrupted all ties with him and absorbed a reported loss of $ 535 million in the process.

Several other brands, including Gap and Balenciaga, also cut their ties to the west at the same time. The fall was triggered by a series of anti -Semitic social media posts by the rapper.

The controversy began in 2022 when, in an Instagram post, he suggested that the colleague rapper P Diddy be “controlled” by Jews. Instagram replied by locking his account, but West doubled and reactivated his Twitter account to announce that he was “to go dead con 3” on Jewish people.

In subsequent media interviews, West repeatedly expressed his belief in different conspiracy theories of Jewish people. Despite a massive setback from fans, he claimed in an October 2022 -episode of the drink champs podcast, “I can say anti -Semitic s ***, and adidas can’t drop me.”

He was wrong. The same month, adidas announced the end of their partnership with West. The company acknowledged that approx. $ 535 million of the expected operating profit would be deleted-sized due to an excess of unsold Kanye West-Branded Merchandise.

Kanye West’s recent controversy has hit his wallet hard, with an estimated $ 1.5 billion disappearing from his wealth and beating him off the Forbes list of the world’s billionaires. Despite this financial battle, West has not tried to repair fences with adidas, even accused them of trying to “scare and suppress” him and claim that their designers plagiarized his ideas.

He made backtrack on a reported decision to name his next album after Adolf Hitler and expanded an apology to the Jewish community in Hebrew via Instagram. Forbes now breaks West’s net worth of about $ 400 million, which is part of his property, music sales and a smaller share in Kim Kardashian’s lingerie brand.