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'I’m still alive': Kanye says lost $2 billion over anti-Semitic rants

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Huw Griffith, Agence France-Presse

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Kanye West performs during the Coachella Valley Music and Arts Festival near Palm Spring, Calif., on April 20, 2019. Etienne Laurent, EPA-EFE/file" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2022/entertainment/10/27/20221027-kanye.jpg"/><figcaption>Kanye West performs during the Coachella Valley Music and Arts Festival near Palm Spring, Calif., on April 20, 2019. <em>Etienne Laurent, EPA-EFE/file</em></figcaption></figure></div><p>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><p>The music and fashion mogul has seen lucrative commercial tie-ups shelved as companies including <a href="https://news.abs-cbn.com/business/10/25/22/adidas-cuts-ties-with-kanye-west-over-anti-semitic-remarks" target="_blank">Adidas</a> and Gap took fright at comments dubbed hate speech by activists. </p><p>&quot;I lost 2 billion dollars in one day. And I’m still alive. This is love speech,&quot; West, who is also known as Ye, wrote on Instagram in a post that had been liked over a million times.</p><p>&quot;I still love you. God still loves you. The money is not who I am. The people is who I am,&quot; the post said, naming Emanuel Ari, the CEO of entertainment company Endeavor, who had urged companies to sever ties with the rapper.</p><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/CkNSOL6uFUv/?utm_source=ig_embed&amp;utm_campaign=loading" data-instgrm-version="14" style="background:#FFF;border:0;border-radius:3px;box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15);margin:1px;max-width:540px;min-width:326px;padding:0;width:calc(100% - 2px)"><div style="padding:16px"><div style="display:flex;flex-direction:row;align-items:center"><div style="background-color:#F4F4F4;border-radius:50%;flex-grow:0;height:40px;margin-right:14px;width:40px"> </div><div style="display:flex;flex-direction:column;flex-grow:1;justify-content:center"><div style="background-color:#F4F4F4;border-radius:4px;flex-grow:0;height:14px;margin-bottom:6px;width:100px"> </div><div style="background-color:#F4F4F4;border-radius:4px;flex-grow:0;height:14px;width:60px"> </div></div></div><div style="padding:19% 0"> </div><div style="display:block;height:50px;margin:0 auto 12px;width:50px"><a href="https://www.instagram.com/p/CkNSOL6uFUv/?utm_source=ig_embed&amp;utm_campaign=loading" style="background:#FFFFFF;line-height:0;padding:0 0;text-align:center;text-decoration:none;width:100%" target="_blank"><svg height="50px" version="1.1" viewBox="0 0 60 60" width="50px" xmlns="https://www.w3.org/2000/svg" xmlns:xlink="https://www.w3.org/1999/xlink"><g fill="none" fill-rule="evenodd" stroke="none" stroke-width="1"><g fill="#000000" transform="translate(-511.000000, -20.000000)"><g><path d="M556.869,30.41 C554.814,30.41 553.148,32.076 553.148,34.131 C553.148,36.186 554.814,37.852 556.869,37.852 C558.924,37.852 560.59,36.186 560.59,34.131 C560.59,32.076 558.924,30.41 556.869,30.41 M541,60.657 C535.114,60.657 530.342,55.887 530.342,50 C530.342,44.114 535.114,39.342 541,39.342 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style="background-color:#F4F4F4;border-radius:50%;height:12.5px;width:12.5px;transform:translateX(0px) translateY(7px)"> </div><div style="background-color:#F4F4F4;height:12.5px;transform:rotate(-45deg) translateX(3px) translateY(1px);width:12.5px;flex-grow:0;margin-right:14px;margin-left:2px"> </div><div style="background-color:#F4F4F4;border-radius:50%;height:12.5px;width:12.5px;transform:translateX(9px) translateY(-18px)"> </div></div><div style="margin-left:8px"><div style="background-color:#F4F4F4;border-radius:50%;flex-grow:0;height:20px;width:20px"> </div><div style="width:0;height:0;border-top:2px solid transparent;border-left:6px solid #f4f4f4;border-bottom:2px solid transparent;transform:translateX(16px) translateY(-4px) rotate(30deg)"> </div></div><div style="margin-left:auto"><div style="width:0px;border-top:8px solid #F4F4F4;border-right:8px solid transparent;transform:translateY(16px)"> </div><div style="background-color:#F4F4F4;flex-grow:0;height:12px;width:16px;transform:translateY(-4px)"> </div><div style="width:0;height:0;border-top:8px solid #F4F4F4;border-left:8px solid transparent;transform:translateY(-4px) translateX(8px)"> </div></div></div><div style="display:flex;flex-direction:column;flex-grow:1;justify-content:center;margin-bottom:24px"><div style="background-color:#F4F4F4;border-radius:4px;flex-grow:0;height:14px;margin-bottom:6px;width:224px"> </div><div style="background-color:#F4F4F4;border-radius:4px;flex-grow:0;height:14px;width:144px"> </div></div><div style="color:#c9c8cd;font-family:Arial,sans-serif;font-size:14px;line-height:17px;margin-bottom:0;margin-top:8px;overflow:hidden;padding:8px 0 7px;text-align:center;text-overflow:ellipsis;white-space:nowrap"><a href="https://www.instagram.com/p/CkNSOL6uFUv/?utm_source=ig_embed&amp;utm_campaign=loading" style="color:#c9c8cd;font-family:Arial,sans-serif;font-size:14px;font-style:normal;font-weight:normal;line-height:17px;text-decoration:none" target="_blank">A post shared by Ye (@kanyewest)</a></div></div></blockquote><div><script async="" src="//www.instagram.com/embed.js" type="text/javascript"></script></div><p>German sportswear giant Adidas said Tuesday it was ending its partnership with West after his &quot;unacceptable, hateful and dangerous&quot; comments.</p><p>Adidas also said it would end production of the highly successful Yeezy line designed together with West and &quot;stop all payments to Ye and his companies&quot;.</p><p>The move is expected to lop around a quarter of a billion dollars off Adidas&#x27;s bottom line this year alone.</p><p>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><p>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><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/10/27/22/kanye-west-escorted-out-of-skechers-offices">Kanye West &#x27;escorted&#x27; out of Skechers offices days after Adidas cut ties</a></li></ul><p>While they weathered previous comments, including when West called slavery a &quot;choice&quot;, things began to unravel this month with his appearance at a Paris fashion show wearing a shirt emblazoned &quot;White Lives Matter&quot;, a slogan created as a backlash to the Black Lives Matter movement.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/entertainment/10/26/22/dumped-when-sponsors-cut-ties-to-stars">Dumped: when sponsors cut ties to stars</a></li></ul><p>Days later he was temporarily locked out of Twitter and Instagram for threatening to &quot;Go death con 3 on JEWISH PEOPLE&quot;, using a misspelled reference to US military readiness.</p><p>That sparked alarm, including apparently from his ex-wife Kim Kardashian, who wrote on social media &quot;Hate speech is never OK or excusable,&quot; in posts that did not name West.</p><p>Last weekend a banner was hoisted over a busy Los Angeles freeway that read &quot;Kanye is right about the Jews&quot; and &quot;Honk if you know.&quot; Several people were photographed making &quot;Heil Hitler&quot; salutes.</p><div><strong>- Escorted out -</strong></div><p>Adidas&#x27;s announcement was followed hours later by US company Gap, which said it was taking &quot;immediate steps to remove Yeezy Gap product from our stores&quot; in addition to shutting down YeezyGap.com.</p><p>Paris-based fashion house Balenciaga also ended ties with the rapper last week, saying it &quot;no longer (has) any relationship nor any plans for future projects related to this artist&quot;.</p><p>One of Hollywood&#x27;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><p>On Wednesday, West was escorted out of the corporate offices of shoe company Skechers in Los Angeles after showing up uninvited with a film crew, the firm said.</p>

Adidas said it would end production of the highly successful Yeezy line designed together with West.

'I’m still alive': Kanye says lost $2 billion over anti-Semitic rants

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'I’m still alive': Kanye says lost $2 billion over anti-Semitic rants

Huw Griffith,

Agence France-Presse

Published Oct 28, 2022 05:21 AM PHT

Read More:

Adidas

Kanye

anti-Semitism

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