{"id":16598,"date":"2022-10-29T17:03:02","date_gmt":"2022-10-29T17:03:02","guid":{"rendered":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/kanye-west-says-he-lost-r36-billion-in-a-single-day-following-anti-semitic-rants"},"modified":"2022-10-29T18:05:01","modified_gmt":"2022-10-29T18:05:01","slug":"kanye-west-says-he-lost-r36-billion-in-a-single-day-following-anti-semitic-rants","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/kanye-west-says-he-lost-r36-billion-in-a-single-day-following-anti-semitic-rants","title":{"rendered":"Kanye West says he lost R36 billion in a single day following anti-Semitic rants"},"content":{"rendered":"

Africa-Press – Ethiopia. <\/strong><\/span>Kanye West lost $2 billion in a single day, he said Thursday, as business partners rushed to dump the rapper in the wake of a series of anti-Semitic outbursts.<\/p>\n

The music and fashion mogul has seen lucrative commercial tie-ups shelved as companies, including Adidas and Gap, took fright at comments dubbed hate speech by activists.<\/p>\n

“I lost 2 billion dollars in one day. And I’m still alive. This is love speech,” West, who is also known as Ye, wrote on Instagram in a post that had been liked over a million times.<\/p>\n

“I still love you. God still loves you. The money is not who I am. The people is who I am,” the post said, naming Ari Emanuel, the CEO of entertainment company Endeavor, who had urged companies to sever ties with the rapper.<\/p>\n

German sportswear giant Adidas said Tuesday it was ending its partnership with West after his “unacceptable, hateful and dangerous” comments.<\/p>\n

Adidas also said it would end production<\/b> of the highly successful “Yeezy” line designed together with West and “stop all payments to Ye and his companies”.<\/p>\n

The move is expected to lop around a quarter of a billion dollars off Adidas’ bottom line this year alone.<\/p>\n

West, who is open about his struggles with bipolar disorder, has long been outspoken, having half-heartedly run for US president in 2020 and then thrown his weight behind Donald Trump.<\/p>\n

His willingness to go beyond the pale is a double-edged sword for business partners, who have benefited from his high profile and his frequent media appearances, but who risk being tarnished by association.<\/p>\n

While they weathered previous comments, including when West called slavery a “choice”, things began to unravel this month with his appearance<\/b> at a Paris fashion show wearing a shirt emblazoned “White Lives Matter”, a slogan created as a backlash to the Black Lives Matter movement.<\/p>\n

Days later he was temporarily locked out<\/b> of Twitter and Instagram for threatening to “Go death con 3 on JEWISH PEOPLE”, using a misspelled reference to US military readiness.<\/p>\n

That sparked alarm, including apparently from his ex-wife Kim Kardashian, who wrote on social media: “Hate speech is never OK or excusable,” in posts that did not name West.<\/p>\n

Last weekend a banner was hoisted over a busy Los Angeles freeway that read “Kanye is right about the Jews” and “Honk if you know.” Several people were photographed making “Heil Hitler” salutes.<\/p>\n

Adidas’ announcement was followed hours later by US company Gap, which said it was taking “immediate steps to remove Yeezy Gap product from our stores” in addition to shutting down YeezyGap.com.<\/p>\n

Paris-based fashion house Balenciaga also ended ties<\/b> with the rapper last week, saying it “no longer (has) any relationship nor any plans for future projects related to this artist”.<\/p>\n

One of Hollywood’s biggest talent agencies, CAA, said it was dropping West, while film and TV producer MRC said it was shelving an already-finished documentary about the artist.<\/p>\n

On Wednesday, West was escorted out<\/b> of the corporate offices of shoe company Skechers in Los Angeles after showing up uninvited with a film crew, the firm said.<\/p>\n

For More News And Analysis About Ethiopia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ethiopia. Kanye West lost $2 billion in a single day, he said Thursday, as business partners rushed to dump the rapper in the wake of a series of anti-Semitic outbursts. 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