Kanye West's Net Worth Has Taken A Hit As Adidas Sells Off Remaining Stock

For years, Kanye West was one of the most talked-about names in the world. While his career as a rapper was the thing that made him his name, it was Kanye’s venture into the world of business and fashion - and his highly public relationship, marriage, and divorce from Kim Kardashian - that really saw his name go down in history.

Sadly, while Kanye - now known as Ye - was the one to build his empire, the rapper was also the one to bring it down. His partnership with Adidas spanned almost ten years and saw Yeezy sneakers become the it item of the moment. Now, Kanye West’s net worth has taken a hit as Adidas sells off remaining stock after calling time on their partnership last year.

Adidas cut ties with Kanye West following his offensive comments

For almost a decade, we saw Kanye West bring his Yeezy sneakers to life thanks to a partnership with Adidas, a deal that brought forward some of the most famous and sought-after sneakers in the world. Sadly for the rapper, that all came to an end in October 2022 when the company cut all ties with the star and announced they were pulling all stock for the time being. That came after Ye made some offensive antisemitic comments that didn’t sit well with people around the world. At the time, The Wall Street Journal reported there was more than $1 billion left in Yeezy stock, with no one sure what would happen going forward.

Several other brands also dropped Ye as their partner

The offensive comments didn’t just see Ye get dropped by Adidas. The rapper at the time had a net worth of $2 billion, enough to earn him a spot on Forbes’ billionaires list, but it dropped to just $400 million after Adidas cut all ties. Apparently, the deal alone was valued at around $1.5 billion, making up most of Kanye’s net worth. Things got even worse when designer Balenciaga and clothing brand GAP followed suit and also cut ties with Kanye in the following weeks, especially after the rapper was seen wearing a controversial t-shirt during 2022’s Paris Fashion Week.

Kanye West’s music continues to earn him millions each year

Before he delved into the world of business - and later was the catalyst in his career coming undone - Kanye West rose to fame through his music. Throughout the years, he has released 12 studio albums and continues to earn millions in royalties and tours. His 2013/2014 tour ‘Yeezus’ earned Ye $31 million, while the 2016 ‘Saint Pablo’ tour earned a staggering $51 million. It’s also believed Ye’s music generates somewhere in the $13.25 million mark each year, with his share in it all earning the rapper around $5 million.

A lot of Ye’s money is tied up in real estate and land

Like many other stars, it seems a lot of Kanye West’s money is tied up in physical assets, including several homes. With properties in Wyoming, California, and Belgium, the rapper has a property portfolio worth millions, with Forbes reporting in 2020 that Ye had $81 million in “buildings and improvements,” with a further $21 million invested in land. Forbes also reported that Ye’s two Wyoming ranches came in at $14 million. For a time, Kanye owned a $60 million mansion in the Hidden Hills estate with his ex-wife, Kim Kardashian, but the property has since been transferred to her name. That didn’t stop the rapper from investing in a property next door for $4.5 million in 2021 and another beachfront home for $57 million the same year. However, reports claim the mansion has since been gutted for a full renovation and is yet to be completed.

Ye’s investments could earn him a huge income each year

They might have divorced, but Kanye West’s ex-wife might still be one of his biggest incomes to date. That’s because it’s believed the rapper has invested somewhere around $100 million, with a 5% stake in Kim Kardashian’s clothing company SKIMS being one of the most profitable to date. Forbes estimates his stake in the company is worth a staggering $128 million, with the company itself worth somewhere around $3.2 billion.

Kanye West’s net worth has taken a hit as Adidas sells off remaining stock, but it seems the rapper still has a long way to go before he is entirely bankrupt. The problem? With so many controversial and offensive remarks, it might not be long before Ye truly becomes his own worst enemy and loses everything.