The recent surge in the share price of Adidas has bolstered Sawiris’ wealth significantly, with his stake now valued at $2.71 billion.
Adidas
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More than a year after a high-profile split with Kanye West, Adidas is stepping up its search for new collaborators, signaling a …
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In October 2022, West faced backlash on social media as Instagram, owned by Meta Platforms Inc., and Twitter, now X, removed anti-Semitic …
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At the time of his untimely passing, Bryant’s net worth was estimated at $600 million.
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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.