Kanye West says he lost US$2 billion in one day after anti-semitic outbursts
Ye, formerly known as Kanye West, says he has lost US$2 billion in one day after his anti-semitic outbursts sparked a wave of backlash.
The rapper made the announcement via his Instagram account on Thursday.
According to Yahoo entertainment, the posts were made hours after West was escorted out of the Skechers headquarters amid several businesses severing their ties with the artiste.
In his first post, Ye made a joking repost of a fake article titled, “Ye has reportedly cut ties with Kanye West.”
His second post was directed at Ari Emmanuel, the CEO of entertainment and media agency, Endeavor.
Emmanuel had penned an op-ed in the Financial Times following Ye’s antisemitic remarks, saying that “those who continue to do business with West are giving his misguided hate an audience,” according to Yahoo entertainment.
The rapper had tweeted, “I’m going death con 3 on Jewish people,” after posting a text exchange with Sean “Diddy” Combs on Instagram suggesting that Combs did not support his recent actions because he was being controlled by Jewish people.
However, both posts have since been deleted.
After several other posts were made, Ye said: “I lost 2 billion dollars in one day and I’m still alive. This is love speech. I still love you. God still loves you. The money is not who I am. The people is who I am.”
In addition, Adidas announced it was severing a $1.5 billion deal with Ye. TJX Companies, which owns department stores and TJ Maxx, announced it would no longer sell Ye’s apparel, while Gap said it is pulling the YeezyGap line from its stores and website.
Subsequently, the losses have moved Ye off of Forbes’ billionaires’ list as his net worth has dropped to about $400 million, Forbes announced Wednesday.
