Kanye West was moaning to Chris Cuomo eight days ago (or eight really long days ago, depending on how you look at it) about how not enough people refer to him as a “billionaire.” Now that he has lost the Adidas contract, he might not even be a millionaire.
Forbes claimed that West’s contract with Adidas was worth $1.5 billion; in September, the magazine pegged West’s net worth at around $2 billion. West’s net worth is currently estimated to be $400 million after Adidas severed connections with him. This sum consists of a variety of assets, including real estate, cash, his music library, and a 5% ownership in Kim Kardashian’s Skims shape-wear brand.
Now, a short disclaimer: Forbes uses its own formula for determining net worth in order to compile its top wealth lists. Actually, the magazine doesn’t know the precise amount in West’s “bank account.” In truth, West has frequently argued with the journal about its assessments of his net worth, as he is wont to do.
He argued that Forbes’ first $1 billion net worth estimate was inaccurate by a few billion when he first became a billionaire in 2020. He reportedly continued to be upset when Forbes estimated his net worth at $2 billion earlier this year; West even submitted paperwork saying the Adidas agreement was alone worth $4.3 billion.
If West is correct, then his series of antisemitic remarks have actually cost him dearly.
Adidas was presumably the final significant corporation that still had relations to West; during the past few weeks, he has been shedding business partners at a steady rate. West cut connections with Gap in September, before this latest storm of trouble truly began, but since then, brands like Balenciaga, the financial behemoth JP Morgan Chase, and his longstanding talent agency, CAA, have abandoned him. The parent business of West’s old label, Def Jam, Universal Music Group, also released a statement criticising West’s remarks and deeds.
