At the time of his untimely passing, Bryant’s net worth was estimated at $600 million.
Adidas
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Adidas held over $1 billion worth of unsold Yeezy inventory in May.
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Last year, Adidas ended its lucrative collaboration with West following a series of offensive and antisemitic comments.
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Despite the recent $103 million decline in his fortune, Sawiris’ present fortune of $7.51 billion makes him the 303rd richest individual globally.
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Despite his setback in 2022, when Adidas severed ties with his Yeezy brand, West remains a top figure among the global Black …
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Lazraq, a Moroccan real estate mogul who founded Alliances Group in 1994, owns 51.7 percent of the group’s publicly traded subsidiary, ADI.
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Adidas’ adept maneuvering following its separation from West has ensured its resilience, with significant gains in share value and market capitalization.
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The recent downturn came shortly after the German sportswear giant announced the launch of the second sale of West’s Yeezy sneakers.
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In May, Adidas announced its decision to sell off the inventory of Yeezy sneakers created in partnership with West.
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This marks the first release of the Yeezy sneakers following the termination of Adidas’ collaboration with West in October 2022.