Current Events > Kanye now "only" worth $4mill, according to Forbes

(+) Yeah! (+)

Kanye West is no longer a billionaire. After being flagged on Instagram and Twitter for antisemitic comments, companies who partnered with the rapper are dropping him en masse.

He is now worth $4 million, according to Forbes. The financial site noted that without his $1.5 billion from Addidas, he lost most of his $2 billion fortune.

On top of that loss, Yeezy products have been pulled from the shelves at the Gap and Footlocker. Donda Sports has taken a hit as well as the NFLs Aaron Donald and NBA star Jaylen Brown ended their partnerships with the mogul. In addition, fashion house Balenciaga and Vogue magazine have cut ties with him.

His entertainment-based income is in jeopardy as well as talent agency CAA and film and TV production company MRC. Its rumored that hes been dropped by Def Jam Records as well, according to ET.

Wests current net worth is based on his cash and real estate assets, approximately how much his music catalog is worth and his 5% stake in shapewear brand Skims, which is owned by his ex-wife Kim Kardashian, according to Forbes.

more at link:

https://finance.yahoo.com/news/much-kanye-west-worth-003423772.html

Good news.

I have a joke, but think GameFQQs would take it as racist...

So the adidas thing I don't understand. So he lost the deal but has been in place for sometime now so how did that remove all that money? Was that net worth estimated revenue or something?

God damn CANCEL CULTURE strikes again smh

For a man that went from negative millions in net worth to over a billion and back to a few million he should really learn to keep his mouth shut. You don't see Tom in the news talking about jews.

BuckVanHammer posted...

So the adidas thing I don't understand. So he lost the deal but has been in place for sometime now so how did that remove all that money? Was that net worth estimated revenue or something?

I believe that was over the lifetime of the deal. He earned $250 million a year from the deal for 7 years or so. I think. It was worth 1.5 billion.

GODDAMN what a broke boy

i find it disturbing that corps and media are just out and showing how made-up money is

Well now that woman is definitely not a gold digger.

g0ldie posted...

Wests current net worth is based on his cash and real estate assets, approximately how much his music catalog is worth and his 5% stake in shapewear brand Skims, which is owned by his ex-wife Kim Kardashian, according to Forbes.

All of that is seriously only worth about 4 million? I thought he'd have a house alone worth at least that.

https://youtu.be/oKrC8EH6l_Q

So Kanye was spending what he was bringing in? What was he spending money on? Like is he one of these wear a $5000 wardrobe once and never again kinda guy?

He probably believes hes only getting started and the $250m/ year will soon be 1b.

This very similar article states his net worth after losing the Adidas deal is $400M

https://www.marketwatch.com/story/kanye-west-is-no-longer-a-billionaire-after-adidas-ends-its-partnership-with-him-11666808044

Im guessing the hard hitting journalists of Yahoo! mightve missed a couple zeros there

Edit: indeed, if you follow the links in this article to Forbes, $400M is correct, not $4M

And yet Fox news still airs every day.

ChocoboMogALT posted...

I'm glad my mind didn't go there.

*Nelson Muntz laugh*

It's so deserved yet I fear this makes people start going "Well if they can do this to Ye maybe he wasn't completely wrong?" in stupidity.

DAMN that was fast

CE_gonna_CE posted...

This very similar article states his net worth after losing the Adidas deal is $400M

https://www.marketwatch.com/story/kanye-west-is-no-longer-a-billionaire-after-adidas-ends-its-partnership-with-him-11666808044

Im guessing the hard hitting journalists of Yahoo! mightve missed a couple zeros there

I remember seeing this article, but I assumed that because the Yahoo article came out yesterday, that his net worth took a bigger hit since then.

if that's not the case, and he's still worth that much, then please disregard this topic.

like, losing a billion in worth is huge, but $400 mill is nothing to sneeze at (neither is $4 mill, tbh).

CE_gonna_CE posted...

This very similar article states his net worth after losing the Adidas deal is $400M

https://www.marketwatch.com/story/kanye-west-is-no-longer-a-billionaire-after-adidas-ends-its-partnership-with-him-11666808044

Im guessing the hard hitting journalists of Yahoo! mightve missed a couple zeros there

Edit: indeed, if you follow the links in this article to Forbes, $400M is correct, not $4M

https://gamefaqs.gamespot.com/a/user_image/5/0/8/AACT2jAAD280.jpg

Yep lol. That makes more sense.

Still more than halved his fortune so still significant but $4 million didn't make sense.

Damn, that's less satisfying.

But still funny, because he literally dared Adidas to do this to him.

g0ldie posted...

I remember seeing this article, but I assumed that because the Yahoo article came out yesterday, that his net worth took a bigger hit since then.

if that's not the case, and he's still worth that much, then please disregard this topic.

like, losing a billion in worth is huge, but $400 mill is nothing to sneeze at (neither is $4 mill, tbh).

Lol, yeah. That would be a pretty insane drop in just a week. When I saw that the article was Yahoo though, the error/typo made a lot more sense. They basically just Duckbeared the article from Market Watch.

Kanye West is a puppet actor and this is just another distraction.

Oh shit I misread topic as $4.

Damn, I was hoping he was Monty Brewster-ing it up.

Oh woah is him he can still *checks notes* never work again.

Based on what? He probably owns assets and has cash on hand totalling more than 20 million