After a series of antisemitic remarks and "White Lives Matter" stunts, the decision by Adidas to end its deal with Kanye West's Yeezy brand has slashed his net worth by $1.5 billion, according to Forbes.
Calculations of West's wealth have long been muddled by his own exaggerations, but Forbes eventually declared him a billionaire in 2020, following repeated requests from the musician and fashion designer.
He's now lost the long-sought title, but he's clung onto a healthy $400 million, per Forbes.
This figure rests on West's extremely popular music catalog, which is still available on major streaming services, as well as his extensive real estate portfolio, numerous flashy assets, and a 5% stake in ex-wife Kim Kardashian's shapewear brand Skims.
In early October, during his brand Yeezy's show at Paris Fashion Week, West wore a shirt emblazoned with the words "White Lives Matter" — a phrase which has been linked to various white supremacist groups. Shortly afterwards, he posted an antisemitic tirade on Twitter, saying he was "going death con 3 on JEWISH PEOPLE."
West was dropped by big brands, including Balenciaga, Gap, Vogue, and — perhaps most crushingly — Adidas. His record label G.O.O.D. was dropped by Def Jam, per The New York Times, and he's no longer represented by Creative Artists Agency.
West did not respond to Insider's request for comment.