According to prior reports, Kanye West, an American musician, and fashion magnate lost his billionaire status as a result of anti-Semitic remarks he made, which caused him to lose the support of major brands like Adidas, Balenciaga, and Gap. And despite all of the criticism, he decided to stand by his remarks rather than recant them. The most recent development about the contentious personality is that his supporters have started a crowd-funding campaign to help him rejoin the billionaire club.
On the crowdsourcing website, there have been no donations thus yet. Adidas said last week that they were cutting ties with West as a result of his anti-Semitic outbursts. “Adidas rejects all forms of hate speech, including antisemitism. Ye’s recent remarks and actions are inappropriate, harmful, and go against the company’s ideals of fairness, inclusivity, and respect for diversity “their claim was read.
West’s net worth decreased to $400 million, according to a Forbes article, as a result of major businesses breaking their association with him. His net worth reportedly increased by $1.5 billion as a result of the Yeezy agreement. Just a few days after Balenciaga declared their breakup with the rapper, Adidas made their statement. Regarding this, Kanye previously stated to TMZ, “I’m not going broke. One of the most liberating days was the one when I was removed from the Balenciaga site.”
In the same interview, he added that individuals are severing relationships with him to “silence him” and “score points.” Ye discussed his losses in an Instagram post on Friday. “I suffered a two billion dollar loss in a single day. I’m still here, too. This is a eulogy, “Ye penned. “Still, I adore you. God still cares about you. Money does not define who I am. I am a person of the people.”