In 2022, it was estimated that the rapper lost his billionaire status overnight after he was dropped by Adidas. The controversial rapper’s net worth was reportedly scythed from $2 billion to $400 million in 2022 after being dropped by Adidas due to repeated antisemitic remarks. On Friday, West shared an Instagram post declaring he was now worth over $2 billion.
“LAA LA LA LA,” the rapper wrote in the caption, likely referencing his 2007 hit “Can’t Tell Me Nothing” the lyrics of which continue: “Wait ‘til I get my money right.”. According to the company’s website: “Eton is the gold standard in business valuation services since 2010. Trusted by top companies, VC/PE, legal teams, accountants & high-net worth individuals.”.
According to the magazine, it had originally valued West’s net worth to include his Adidas partnership worth $1.5 billion. However, “without it, West’s fortune drops to $400 million.”. “His current fortune includes cash, real estate, the value of his music catalog and a 5 percent stake in his ex-wife Kim Kardashian West’s shapewear brand Skims,” Forbes states.
The Independent has contacted West’s representative for comment. In 2022, Adidas announced it was axing its Yeezy partnership with West, saying in a press release: “Adidas does not tolerate anti-Semitism and any other sort of hate speech. “Ye’s recent comments and actions have been unacceptable, hateful and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect and fairness.”.
