Kirby Lee-Imagn Images
After severing ties with controversial anti-Semitic rapper and producer Kanye West in late 2022, apparel giant adidas has finally offloaded the last of their “Yeezy” stock, which is the brand that West created while working with the company. In a statement, the German athletic wear giant boasted that there is “not one Yeezy shoe left.”
At the time of Kanye West’s release from adidas in late 2022, the 47-year-old made a litany of anti-semitic comments on a variety of different platforms, saying things like “I love Hitler” and that people need to “stop dissing Nazis.” That anti-Semitism has only increased in recent years, with West now identifying as a Nazi and selling t-shirts with swastikas on them (West’s website was removed from the Shopify platform as a result).
The decision to split with West ultimately cost adidas’ bottom line almost $250 million, with the company saying at the time that they “do not tolerate antisemitism and any other sort of hate speech” and that 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.”
Now, over two years since their decision to cut ties with Kanye West, adidas has confirmed they have no more Yeezy inventory left.
“There is not one Yeezy shoe left. It has all been sold and that episode is behind us,” chief financial officer Harm Ohlmeyer said in a statement.
Prior to being dropped by adidas, Kanye West’s net worth was estimated to be over a billion dollars. Losing that deal, however, resulted in Kanye losing his status as a billionaire, which is obviously something that’s bothered him based on the fact that he tried to claim he reattained billionaire status earlier this year. While West posted a photo to Instagram claiming his net worth is now $2.7 billion, Forbes estimates his net worth to be in the neighborhood of $400 million.
Content shared from brobible.com.