Kanye West Is No Longer A Billionaire

Popular rapper, Kanye West has lost his status as a billionaire.

This is coming after Adidas ended a lucrative Yeezy deal in response to his bizarre anti-Semitic scandal, according to Forbes, and fans have been reacting.

Of West’s estimated $2 billion fortune, a whopping $1.5 billion was attributable to his relationship with Adidas, and the loss of the deal effectively erases that massive chunk of his net worth, which is now estimated to be a comparatively paltry $400 million.

The estimated $1.5 billion value of West’s Adidas deal is based on a multiple of the partnership’s annual earnings, according to Forbes.

WOW.

Kanye Omari West is an American rapper, singer, songwriter, record producer, composer, entrepreneur and fashion designer. His music draws from a range of genres, including hip hop, soul, baroque pop, electro, indie rock, synth-pop, industrial and gospel.

After his parents divorced when he was three years old, he moved with his mother to Chicago, Illinois.

His father, Ray West, is a former Black Panther and was one of the first black photojournalists at The Atlanta Journal-Constitution. Ray West was later a Christian counselor, and in 2006, opened the Good Water Store and Café in Lexington Park, Maryland with startup capital from his son.

West’s mother, Dr. Donda C. (Williams) West, was a professor of English at Clark Atlanta University, and the Chair of the English Department at Chicago State University, before retiring to serve as his manager. West was raised in a middle-class background, attending Polaris High School in suburban Oak Lawn, Illinois, after living in Chicago.