The publication Complex is reporting that Ye, the artist formerly known as Kanye West, is no longer a billionaire, according to Forbes.
According to the hot-off-the-press reporting, Ye’s net worth plummeted to a mere $400M.
Now $400M is a lot of money for people like me who have none of it, but for power players like Ye, ouch.…. that gotta hurt.
According to the report, the lion’s share of Ye’s wealth was from his deal with the German sports apparel company Adidas, valued at $1.5 billion.
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The artist has been mired in controversy after he appeared with Candace Owens, a racial provocateur wearing garments emblazoned with the words “white lives matter.”
He has also been accused of making a string of anti-Semitic comments against Jewish people and even claimed that the slavery of Black people was a choice.
Several companies that did business with the artiste have since distanced themselves from him; however, Adidas’ decision to cut ties with him has got to hurt the most financially.
According to the report, Ye told an interviewer that he had about $120 million in his account.
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Actions have consequences, as they should. One is free to say whatever one wants, but there is a price to pay for saying whatever comes to one’s mouth unless you are Donald Trump or FOX misinformation.
Kanye West has tried to align himself with Donald Trump and the Fox disinformation network and has made outlandish comments that have come back to bite him in the ass.
His comments got him kicked off Twitter and Instagram, upon which he expressed an interest in acquiring the hate platform Parler.
Whether or not Kanye, Ye, or whatever he calls himself is having a mental breakdown, it is important that he try to remember that regardless of who he tries to be friends with, when the rubber meets the road, he is still a black man with some money. They gave it, and they can take it away.
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Mike Beckles is a former Police Detective, businessman, freelance writer, black achiever honoree, and creator of the blog mikebeckles.com.