Kanye West claimed he was “beaten to a pulp” after losing $1 billion in deals following his anti-Semitic meltdown.
West, 45, took to Instagram on Saturday to lament the collapse of his empire “while still allowing me on Mark Zuckerberg’s platform.”
He demanded “inspection of the contracts,” referring to many lucrative deals that have materialized recently as a result of his ongoing assault on the Jewish community.
“Let’s see the contracts. So we can or will do better deals,” he wrote. “I’ve been beaten to a pulp and there is still no accountability.”
In the post’s caption, he claimed “unknown forces” were trying to “destroy my life with a tweet.” He claimed in a tweet earlier this year that he wanted to do Death Case 3 vs. JEWISH PEOPLE.
Earlier this week, West’s account was restored on Twitter, which new owner Elon Musk vowed was done prior to his acquisition and without his knowledge. West has not tweeted since Oct. 9.
“So does this prove my so-called suspicions were true?” West wrote on Instagram. “Lead with love. This is #Lovespeech.’
The rapper’s Instagram account was suspended earlier this month for his anti-Semitic rants against Sean “Diddy” Combs, in which he claimed he was controlled by Jews.
The move has resulted in many of West’s business partners dropping him.
Kanye West claimed he was “beaten to a pulp” after losing $1 billion in business following his anti-Semitic meltdown
West, 45 (pictured on Friday), took to Instagram on Saturday to complain about the collapse of his empire “while still allowing me on Mark Zuckerberg’s platform.”
“Let’s see the contracts. So we can or will do better deals,” 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 diagnosis of bipolar disorder in 2018 – has also seen his lucrative business partnerships as people like Gap and Balenciaga finished.
The rapper, who was hospitalized for a psychiatric emergency in 2016, has been no stranger to scandal throughout his career. He has been in many public feuds with singers like Taylor Swift, rapper Drake, and even his estranged wife Kim Kardashian and her family, whom he has repeatedly attacked on social media.
Meanwhile, West has lost many fans’ support over the years for his disturbing comments – including claiming that “slavery is a choice” and insisting that George Floyd died of a fentanyl overdose and not at the hands of the former police officer Minneapolis, Derek Chauvin.
West’s most recent race-related controversy began on Oct. 3 when he and conservative commentator Candace Owens donned tops with the words White Lives Matter on them for his Yeezy line during a Paris Fashion Week show.
The rapper then sparked worldwide outrage after tweeting on Oct. 8, “I’m a little tired tonight but when I wake up I’ll be deathly ill Semitic because black people are actually Jews too… They played with me and.” tries to black out anyone who 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 be hosed down. This is a different kind of freedom fighter.’
He later clarified, “I’ll say I’m sorry for the people I hurt. I feel like I have been hurt and confused and I feel sorry for the families of people who were unrelated to the trauma I went through and for using my platform where you say, ‘hurt People hurt people.’ And I was hurt.’
West reported telling Combs that “Jewish people told you to call me” and that they “would not threaten or influence me.” West also said that the rapper “breaks my heart” and that “no one comes between me and my money.”
West’s name made more headlines over the weekend after a group pulled onto the 405 freeway in Los Angeles and greeted Adolf Hitler with banners that read “Kanye’s right about the Jews” and “Honk if you know.”
Now he’s being dumped by top talent agency CAA and Johnny Depp’s attorney, Camille Vasquez.
Vogue has decided not to work with him in the future as more and more influential people and companies distance themselves from the fashion designer.
According to Forbes, West will lose his billionaire status after terminating his huge business deals.
The firestorm involving the rapper began when he said on Twitter he wanted to impose “Death Fraud 3” on Jewish people who appeared to have wronged him
The biggest blow to West’s empire came when Adidas finally withdrew its $1.5 billion deal from the singer after being heavily criticized for delaying for so long.
The German sporting goods giant announced the move in a statement published online, with the sportswear maker putting its partnership with West under scrutiny earlier this month “after repeated efforts to resolve the situation privately”.
The partnership began in 2013 after he left a collaboration with Nike and the deal was the culmination of his fortune, with 2020 sales of $1.7 billion that earned him $191 million in royalties that year alone brought in.
Forbes estimates that the Yeezy deal with Adidas is worth $1.5 billion, and the company confirmed it would likely lose up to $250 million of its net income in 2022 as a result of the split.
“Adidas does not condone anti-Semitism or any other form of hate speech. West’s recent comments and actions have been unacceptable, hateful and dangerous, and violate the company’s values of diversity and inclusion, mutual respect and fairness,” the company said in a statement.
“After a thorough review, the company has made the decision to immediately terminate the partnership with Ye, stop producing Yeezy-branded products, and stop all payments to Ye and its companies. adidas will discontinue the adidas Yeezy business with immediate effect.’
German sporting goods giant Adidas has ended its partnership with Kanye West amid the American rapper and designer’s controversial behavior. A statement published in the media section of his website called his comments “unacceptable, hateful and dangerous”.
He was also escorted out of 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”.
According to Morningstar analyst David Swartz, the Yeezy brand generates nearly $2 billion a year for Adidas, 10 percent of total sales.
Adidas’ share price has fallen more than 50 percent over the past six months and is expected to fall further following the decision to drop the deal with West.
Before West was dropped from the brand, he had already publicly feuded with Adidas executives, accusing them of “stealing” his ideas.
West owns the Yeezy brand, but Adidas had paid him an annual license fee to sell the products.
Now experts have claimed that the resale market for Yeezy’s will explode because they are no longer being mass-produced.
TMZ claimed that the resale market would skyrocket after companies held onto shares in 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 alive’ – really worth?
Forbes estimates Kanye is worth around $2 billion, with breaking down his individual deals:
ADIDAS – $1.5 billion
West’s deal with Adidas was the crowning glory of his fortune, with sales rising to $1.7 billion in 2020 – earning him $191 million in royalties.
Forbes estimates that the Yeezy deal with Adidas is worth $1.5 billion, and the company confirmed that they would likely 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 valued at around $970 million when the deal was announced in 2021, but he has since ended work with the retailer.
The first products sold out in 2021 after being announced in June 2020 in a partnership that was expected to last ten years but was canceled by West.
GAP was also part of a deal between Yeezy and Balenciaga, with estimates saying they would bring in projected sales of $1 billion.
SKIMS – $160 million
West, who divorced Kim Kardashian in 2020, remains a partner at Skims, but it’s unclear how much he makes from it.
He previously ranted about owning 5 percent of the company, which is valued at $3.2 billion in net worth.
If so, he would have a $160 million stake in the company.
MUSIC – $90 million
He has sold over 140 million albums worldwide and documents viewed by Forbes show that his own recorded music and publishing rights are worth at least $90 million.
Between mortgages, advances, and other liabilities, Forbes says West owes about $100 million.