Kanye West no longer a billionaire, according to Forbes

Kanye West (now known as Ye) is “no longer a billionaire,” according to Forbes Magazine. 

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The news comes after Adidas also declared the immediate cancellation of its deal with the hip-hop tycoon, following a string of remarks that have been widely labelled anti-Semitic. 

According to the magazine, Ye is valued at an estimated $400 million without the Adidas deal, which is valued at $1.5 billion. In an interview with Piers Morgan, Ye notably said he had “maybe only $120 million” in his account.

“Adidas does not tolerate antisemitism and any other sort of hate speech,” a rep for the company said in a press release shared on Tuesday, adding that Ye’s recent assertions were “unacceptable, hateful, and dangerous.” As previously reported, Adidas had formally placed the Yeezy partnership “under review” earlier this month.

Several further collaborators have also alienated themselves from Ye, including Balenciaga. The Shop, meanwhile, disclosed its judgment earlier this month to refrain from airing an discussion with Ye. In a statement to Andscape, SpringHill Company CEO and Shop co-host Maverick Carter said Ye had used this would-be appearance “to reiterate more hate speech and extremely dangerous stereotypes.”

Jeezy was among those likewise featured in the episode. During a subsequent interview on Hot 97, Jeezy was asked about the shelved appearance. However, he declined to get into any details.

“I just know that I came there, we did it, and I got a call and they said, ‘It’s a wrap,’” Jeezy said, adding that he “didn’t take it personally.”

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