Adidas sells off Kanye West’s Yeezy stockpile, bringing in $1.52 billion in two years
Adidas partnered with Kanye West in 2015 to launch Yeezy, boosting his net worth to $2 billion in 2022.
Kanye West
Kanye West faces $20 million contract loss in Japan after anti-Semitic remarks cost him $1.6 billion
This adds to the rapper’s mounting struggles, exacerbated by a $1.6 billion hit in October 2022 when Adidas cut ties with him over his anti-Semitic remarks.
Kanye West reignites dispute with Adidas after $1.6 billion blow
West, also known as Ye, accused Adidas of “design theft and oppression” in a fiery Instagram post, signaling a potential new chapter in their contentious relationship.
Adidas finds success with 22-year-old NBA star’s sneaker after cutting ties with Kanye West
The new sneaker line has been a smash hit in its first six months on the market, drawing comparisons to the initial triumph of the Yeezy sneakers launched in collaboration with Kanye West.
Adidas eyes new deals after cutting ties with Kanye West; Taylor Swift on radar
More than a year after a high-profile split with Kanye West, Adidas is stepping up its search for new collaborators, signaling a shift in its strategy.
Earnings from Kanye West’s ‘Vultures 1’ listening events surpass $12 million
The success of these events comes amid challenges, including recent controversies causing a $1.6-billion dip in West’s fortune and delays in the album’s release.
Kanye West’s Super Bowl ad drives $19.3-million single-day sales
Renowned rapper turned business mogul Kanye West stunned the industry by revealing a staggering single-day revenue of $19.3 million from the sales…
Kanye West’s Yeezy faces financial setback with $1 million in unpaid taxes
Yeezy Apparel, LLC, faces four active tax liens dating back three years.
Kanye West issues apology for anti-Semitic comments following $1.6-billion wipe-out
In October 2022, West faced backlash on social media as Instagram, owned by Meta Platforms Inc., and Twitter, now X, removed anti-Semitic posts from his accounts.
Skims, $4-billion shapewear company linked to Kanye West, weighs IPO in 2024
Co-founded by Kanye West’s ex-wife, Kim Kardashian, the shapewear company is considering future pathways for growth and expansion.
Kanye West: Tracing the music icon’s rise to business powerhouse
West’s tale transcends music, marking his rise as a visionary in fashion and business, illustrating his profound impact across industries.
Adidas displays financial strength amid Kanye West’s Yeezy influence
Adidas held over $1 billion worth of unsold Yeezy inventory in May.
Kanye West didn’t mean antisemitic comments, says Adidas CEO Bjorn Gulden
Last year, Adidas ended its lucrative collaboration with West following a series of offensive and antisemitic comments.
7 companies owned by Kanye West
Despite his setback in 2022, when Adidas severed ties with his Yeezy brand, West remains a top figure among the global Black elite.
Kanye West puts up Hollywood Hills mansion for sale at $3.6 million
West purchased the property, which consists of three bedrooms and four bathrooms, in 2003 for $1.75 million.
Adidas proves it can survive without Kanye West as market cap soars above $35 billion
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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