Renowned rapper turned business mogul Kanye West stunned the industry by revealing a staggering single-day revenue of $19.3 million from the sales …
Yeezy
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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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In May, Adidas announced its decision to sell off the inventory of Yeezy sneakers created in partnership with West.
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Adidas claims that $75 million was transferred to two of Yeezy and West’s bank accounts, but both parties “mishandled virtually all of …
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Adidas proves it can thrive without Kanye West, set to sell $1 billion worth of Yeezy shoes
Adidas will sell $1 billion worth of Yeezy shoes made with Kanye West.
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Despite recent setbacks, West remains one of the world’s richest Black individuals.
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West is one of the world’s richest Black people.
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Egyptian billionaire Nassef Sawiris loses $110 million in single day as Adidas cuts ties with Ye
Sawiris is Egypt’s richest man and one of Africa’s wealthiest billionaires.
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African-American billionaire Kanye West accuses Adidas of organizing Yeezy Day 2022 without approval
The accusations come nearly nine years after he signed a lucrative multiyear deal with Adidas to design the Yeezy brand.