Adidas

At the time of his untimely passing, Bryant’s net worth was estimated at $600 million.

Adidas held over $1 billion worth of unsold Yeezy inventory in May.

Last year, Adidas ended its lucrative collaboration with West following a series of offensive and antisemitic comments.

Despite the recent $103 million decline in his fortune, Sawiris’ present fortune of $7.51 billion makes him the 303rd richest individual globally.

Despite his setback in 2022, when Adidas severed ties with his Yeezy brand, West remains a top figure among the global Black …

Lazraq, a Moroccan real estate mogul who founded Alliances Group in 1994, owns 51.7 percent of the group’s publicly traded subsidiary, ADI.

Adidas’ adept maneuvering following its separation from West has ensured its resilience, with significant gains in share value and market capitalization.

The recent downturn came shortly after the German sportswear giant announced the launch of the second sale of West’s Yeezy sneakers.

In May, Adidas announced its decision to sell off the inventory of Yeezy sneakers created in partnership with West.

This marks the first release of the Yeezy sneakers following the termination of Adidas’ collaboration with West in October 2022.