Kanye West takes to Instagram to moan he’s been ‘beaten to a pulp’ after losing $1 billion in deals over vile anti-Semitic slurs
- Kanye West claimed he has been ‘beaten to a pulp’ after he lost $1 billion in deals following his anti-Semitic meltdown
- West, 45, took to Instagram on Saturday to complain about his empire falling ‘while I’m still allowed on Mark Zuckerberg’s platform’
- He demanded to ‘see the contracts’ and claimed it would help do ‘better business’
- West also claimed ‘unknown powers’ are trying to ‘destroy my life off a tweet,’ where he claimed he was ‘going death con 3 On JEWISH PEOPLE’
- West has lost many deals, including Adidas and Gap, costing him an estimated $1.2 billion
Kanye West claimed he has been ‘beaten to a pulp’ after he lost $1 billion in deals following his anti-Semitic meltdown.
West, 45, took to Instagram on Saturday to complain about his empire falling ‘while I’m still allowed on Mark Zuckerberg’s platform.’
He demanded to ‘see the contracts,’ referring to many lucrative deals that have fallen out recently due to his continued attack on the Jewish community.
‘Let’s see the contracts. So we can, or better yet, will do better business,’ he wrote. ‘I’ve been beaten to a pulp and there’s still no accountability.’
In the caption of the post, he claimed ‘unknown powers’ are trying to ‘destroy my life off a tweet.’ He claimed in a tweet earlier this year that he wanted to go ‘death con 3 on JEWISH PEOPLE.’
Earlier this week, West’s account was reinstated on Twitter, which new owner Elon Musk swore was done before his takeover and without his knowledge. West has not tweeted since October 9.
‘So does this prove that my so called suspicion was true?’ West wrote on Instagram. ‘Leading with love. This is #lovespeech.’
The rapper’s Instagram account was also restricted earlier this month for his anti-Semitic rants against Sean ‘Diddy’ Combs, in which he claimed he was being controlled by Jewish people.
The move has led to many of West’s business partners to drop him.
Kanye West claimed he has been ‘beaten to a pulp’ after he lost $1billion in deals following his anti-Semitic meltdown
West, 45, (pictured on Friday) took to Instagram on Saturday to complain about his empire falling ‘while I’m still allowed on Mark Zuckerberg’s platform’
‘Let’s see the contracts. So we can, or better yet, will do better business,’ he wrote. ‘I’ve been beaten to a pulp and there’s still no accountability’
After shocking the world with a series of outbursts on social media in which he made anti-Semitic comments as well as derisive remarks against other celebrities, the musician – who first revealed his bipolar disorder diagnosis in 2018 – has also seen his lucrative business partnerships with the likes of Gap and Balenciaga ended.
The rapper – who was hospitalized for a psychiatric emergency in 2016 – has been no stranger to scandal throughout his career. He’s been in many a public feud with the likes of singer Taylor Swift, rapper Drake and even his estranged wife Kim Kardashian and her family, who he has repeatedly attacked on social media.
Meanwhile, West has lost the support of many fans over the years for his troubling comments – including claiming that ‘slavery is a choice’ and insisting that George Floyd died of a fentanyl overdose and not at the hands of former Minneapolis cop Derek Chauvin.
West’s most recent race-related controversies kicked off October 3 when he and conservative commentator Candace Owens donned tops that read White Lives Matter during a Paris Fashion Week showcase for his Yeezy line.
The rapper then sparked global outrage after he tweeted on October 8: ‘I’m a bit sleepy tonight but when I wake up I’m going death con 3 On JEWISH PEOPLE…The funny thing is I actually can’t be Anti Semitic because black people are actually Jew also…you guys have toyed with me and tried to black ball anyone whoever opposes your agenda.’
The rapper was asked by Piers Morgan on Wednesday if he regretted the tweet and he said: ‘No. Absolutely not, absolutely not. I fought fire with fire. I’m not here to get hosed down. That’s a different type of freedom fighter.’
He later clarified: ‘I will say I’m sorry for the people that I hurt. I feel like I caused hurt and confusion, and I’m sorry for the families of the people that had nothing to do with the trauma that I had been through and that I use my platform where you say, “Hurt people hurt people,” and I was hurt.’
West reported told Combs that ‘Jewish people told you to call me’ and that they were not going to ‘threaten or influence me.’ West also said the rapper was ‘breaking my heart’ and that ‘no one gets in between me and my money’
West’s name made further headlines over the weekend after a group took to the 405 Freeway in Los Angeles saluting Adolf Hitler with banners that read, ‘Kanye is right about the Jews’ and ‘Honk if you know.’
Now he’s being dropped by top talent agency CAA and Johnny Depp’s lawyer, Camille Vasquez.
Vogue has decided not to work with him in the future as more and more influential figures and businesses chose to distance themselves from the fashion designer.
According to Forbes, West is set to lose his billionaire status following the termination of his huge business contracts.
The firestorm involving the rapper started when he took to Twitter to say he wanted to go ‘death con 3’ on Jewish people who had apparently wronged him
The biggest blow to West’s empire was when Adidas finally pulled its $1.5 billion deal from the singer after facing severe criticism for stalling so long.
The German sporting goods behemoth announced the move in a statement released online, with the sportswear maker having put its partnership with West under review earlier this month ‘after repeated efforts to privately resolve the situation.’
The partnership began in 2013, after he left a collaboration with Nike and the deal was the crowning jewel of his fortune, with sales climbing to $1.7 billion in 2020 – earning him $191 million in royalties that year alone.
Forbes estimates that the Yeezy business with Adidas is worth $1.5 billion, and the company confirmed that it was likely going to lose up to $250 million of its net income in 2022 as a result of the split.
‘Adidas does not tolerate antisemitism and any other sort of hate speech. West’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,’ the company’s statement read.
‘After a thorough review, the company has taken the decision to terminate the partnership with Ye immediately, end production of Yeezy branded products and stop all payments to Ye and his companies. adidas will stop the adidas Yeezy business with immediate effect.’
German sporting goods behemoth Adidas has terminated its partnership with Kanye West amid controversial behavior from the American rapper and designer. A statement posted in the media section of its website called his comments ‘unacceptable, hateful and dangerous’
He was also escorted out of the Sketchers headquarters (pictured) after showing up unannounced
It comes days after Kanye claimed on a podcast that the sneaker giant ‘can’t drop him,’ despite saying ‘anti-Semitic things.’
The Yeezy brand makes nearly $2 billion a year for Adidas, 10 percent of its total revenue, according to Morningstar analyst David Swartz.
Adidas’ share price dropped more than 50 percent over the past six months, and is expected to plunge even further in the wake of their decision to drop the deal with West.
Before being dumped by the brand West had already begun publicly sparring with Adidas executives, accusing them of ‘stealing’ his ideas.
West owns the Yeezy brand but Adidas had been paying him an annual royalty fee to sell the products.
Now experts have claimed that the resale market for Yeezy’s will explode because they will not be produced in mass quantities anymore.
TMZ claimed that the resale market would skyrocket after companies were clinging onto the stock of Yeezy’s to see if Adidas would part ways with the singer.
He was also escorted out of the Sketchers headquarters after showing up unannounced.
How much is Kanye – who claims to be the ‘richest black man in the world’ – really worth?
Forbes estimate that Kanye is worth around $2 billion, with DailyMail.com breaking down his individual deals:
ADIDAS – $1.5 billion
West’s deal with Adidas was the crowning jewel of his fortune, with sales climbing to $1.7 billion in 2020 – earning him $191 million in royalties.
Forbes estimates that the Yeezy business with Adidas is worth $1.5 billion, and the company confirmed that they were likely to lose up to $250 million of their net income in 2022 as a result of the split.
GAP X BALENCIAGA – $970 million
His GAP collection was estimated at around $970 million when the deal was announced in 2021, but he has since terminated his work with the retailer.
Initial products sold out in 2021, after being announced in June 2020, in a partnership which was expected to last for ten years but was cut short by West.
GAP were also part of a deal between Yeezy and Balenciaga, with estimates claiming they would bring in $1 billion in projected sales.
SKIMS – $160 million
West, who divorced Kim Kardashian in 2020, remains a partner in Skims but it is unclear how much he earns from that.
He previously ranted about owning 5 percent of the business, which is estimated at a $3.2 billion net worth.
If that is the case then he would have a $160 million stake in the company.
MUSIC – $90 million
He has sold over 140 million albums worldwide, and documents seen by Forbes show that his own recorded music and publishing rights is worth at least $90million.
Between mortgages, advances and other liabilities, Forbes say West owes about $100 million.
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