According to Forbes magazine, Kanye West’s net worth has dropped from $2 billion to $400 million after Adidas dissolved their Yeezy agreement.
Adidas revealed on Tuesday that it had severed its business ties with the Ye due to his repeated anti-Semitic statements, following days of persistent pressure.
This comes after Adidas director of trade marketing Sarah Camhi posted to her account, saying the brand needs to do better by its employees and community.
Camhi argues Adidas has dropped athletes for far less problematic instances including the use of steroids and being perceived as difficult to work with, yet has failed to address the hate speech from Ye.
The rapper has since also lost his position in Forbes magazine’s list of billionaires.