That’s correct! Kanye West, who now goes by Ye, did indeed fall off the Forbes billionaires list. Here’s a breakdown of what happened:
Peak Yeezy: In 2020, after years of lobbying and providing financial documents, Kanye finally secured a spot on the prestigious Forbes billionaires list, largely due to the success of his Yeezy brand collaboration with Adidas.
Adidas and Antisemitism: In October 2022, a series of antisemitic comments made by Kanye led Adidas to terminate their lucrative Yeezy partnership. This deal was a significant portion of Kanye’s wealth.
Financial Fallout: Losing the Adidas deal resulted in a major financial blow for Kanye. Forbes estimated he lost around $1.5 billion, causing him to fall below the threshold required to be included on the 2023 billionaires list.
Current Status:
Despite dropping off the billionaires list, Kanye still has a significant net worth, estimated at around $400 million by Forbes. This wealth likely comes from a combination of remaining assets, such as cash, real estate, and potentially the value of his music catalog.
