Kanye West has lost a staggering amount of wealth after mass controversies as Forbes releases rich list
Topics: Kanye West, Money
Anish Vij
Featured Image Credit: Abaca Press / Alamy Stock Photo/MediaPunch Inc / Alamy Stock Photo
Topics: Kanye West, Money
Disgraced rapper Kanye West has lost a staggering amount of wealth, Forbes' latest rich list has revealed.
After mass controversies - such as admitting that he 'likes Adolf Hitler' and has an admiration for the Nazis - his finances have taken a massive tumble.
Twitter has also turned its back on the rapper after he tweeted an image of a swastika inside the Star of David.
Advert
His account was locked prior to that when he hit out against Jewish people in a series of antisemitic tweets in which he said he would soon go 'death con 3 On JEWISH PEOPLE'.
In the wake of his controversies, he was dropped by a number of brands.
Balenciaga’s parent company, Kerring, said 'Balenciaga has no longer any relationship nor plans for any future projects related to this artist'.
But the biggest break-off was no doubt with his hugely successful partnership with Adidas.
On October 25, Adidas announced it had cut ties with Ye after a nearly decade-long partnership, a move that would cost the company 250 million euros ($246 million) that year.
The partnership reportedly accounted for $1.5 billion of Kanye's net worth, which meant he would lose his billionaire status, according to Forbes.
“I can say antisemitic things and Adidas can't drop me,” the musician bragged in October.
From having a net worth of $2 billion, Forbes revealed that his current worth is approximately $400 million - meaning he has completely fallen off the list.
The final nail in the coffin for Ye was arguably his comments made on Alex Jones' podcast InfoWars on December 1.
Jones said that it was unfair for Kanye to be compared to Adolf Hitler or the Nazis.
However, the multi-platinum rapper interrupted the host and suggested he sees 'good things about Hitler'.
The singer said: "I love everyone, and Jewish people are not gonna tell me… ‘You can love us, and you can love what we’re doing to you with the contracts, and you can love what we’re pushing with the pornography’.
"But this guy that invented highways, invented the very microphone that I use as a musician—you can’t say out loud that this person ever did anything good, and I’m done with that. I’m done with the classifications, every human being has something of value that they brought to the table. Especially Hitler."
He didn't stop there, as later in the show he added to his comments, defending the man who oversaw the murder of around 6 million Jews.
Kanye said: "They did good things too, we’ve got to stop dissing the Nazis all the time.
"The Jewish media has made us feel like the Nazis and Hitler have never offered anything of value to the world.
"I love Jewish people, but I also love Nazis."
UNILAD has contacted Kanye West's representatives for comment.