On October 25, 2022, adidas terminated its partnership with Kanye, saying in a statement: “adidas does not tolerate antisemitism and any other sort of hate speech. Kanye, who technically owns 100 percent of the brand, was estimated to take home an 11 percent royalty from adidas (who is behind the production, marketing, and distribution of Yeezy footwear), which amounts to over a $140 million salary from Yeezy sales in 2019 alone.
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It may come as a surprise that most of Kanye West’s net worth was from his Yeezy line, according to Forbes. In their 2020 update to Kanye West’s net worth, the publication explained that Kanye “has created a brand that’s challenging Nike’s Air Jordan for sneaker world supremacy,” and as such, it should come as no surprise that the brand made an estimated revenue of about $1.3 billion in 2019 alone. How much did Kanye West make from Yeezy? Image: MEGA. “We are deeply committed to combating antisemitism and every other form of prejudice” Universal Music Group did however denounce antisemitism in a statement: “There is no place for antisemitism in our society,” the record label wrote on Twitter. “It’s up to his label if they want to take action or not,” and as far as we’re aware, they haven’t done so. “His music doesn’t violate our policy,” Spotify CEO Daniel Ek told Reuters. Music streaming service Spotify, however, said it would not pull Ye from its roster of artists because his recent hate speech has not appeared on a recording uploaded to the platform. It’s likely his music industry earnings will take a hit following his publicized antisemitism, as on-demand fitness giant Peloton announced it would no longer play his music during their classes. For some context, Jay-Z-who was reported as the hip-hop industry’s second-highest-paid artist in the Forbes article-made an estimated $81 million in 2019 in comparison. They calculated an estimated income of around $150 million a year after deducting fees for agents, managers and lawyers based on pretax income documentation. In a September 2019 Forbes report, Kanye West’s net worth placed him as the highest-paid rapper in hip-hop But Gigi called Ye out for being a “bully” and stood by Gabriella in her defense. Ye attacked fashion editor Gabriella via social media and the two have continuously argued with each other on social media.
The most notable one is between him and Gigi Hadid and her friend Gabriella Karefa-Johnson.
The DONDA artist received a lot of criticism about how dangerous the slogan was from various people in the industry. This major move in Kanye’s fashion career seemed like a step in the right direction for the artist-that is, until his fashion brand Yeezy’s appearance at Paris Fashion Week in October 2022, where Ye debuted a t-shirt that had the slogan “White Lives Matter” emblazoned on the back. Major updates to Kanye West’s net worth were first reported back in 2020 when the rapper launched his Yeezy x Gap collaboration in June of that year it elevated him to that coveted 10-figure sum. The DONDA rapper had previously battled against industry-wide net worth reports by the likes Forbes over personal claims that his net worth is far higher than publicly estimated. Did Kim Kardashian Cheat On Kanye West With Drake? She Just Responded To Rumors
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