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Scandal-ridden Kanye West could be on the brink of financial disaster


https://sputniknews.com/20221030/scandal-plagued-kanye-west-may-be-on-the-brink-of-financial-catastrophe-1102851577.html

Scandal-ridden Kanye West could be on the brink of financial disaster

Scandal-ridden Kanye West could be on the brink of financial disaster

While Kanye reportedly earns several million dollars a year from royalties and has a large bank account, this wealth should not last him long… 30.10.2022, Sputnik International

2022-10-30T18:51+0000

2022-10-30T18:51+0000

2022-10-30T18:51+0000

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US rap star Kanye West may be on the road to financial disaster as top brands have sought to end cooperation with him. Although Kanye has considerable wealth, his expenses are also quite considerable, and now the American media is being told that the rapper has lost most of his sources of income. The rapper’s woes began after he made some rather controversial remarks this month about Jews, which were deemed by some to be anti-Semitic. Shortly after, prominent fashion house Balenciaga and sportswear giant Adidas, along with retailer Gap Inc, Vogue magazine and talent agency CAA sought to distance themselves from Kanye amid the scandal that has followed. money through gigs in the near future due to the reluctance of venues to book it. Additionally, the rapper reportedly has no deal to distribute his upcoming album, and while he makes around $5 million a year from royalties, an insider told media that it’s “about enough to pay his gas bill for his jet”. ‘month’, with one saying that ‘it’s all about cash flow and if he cuts when he can raise it’.

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While Kanye reportedly earns several million dollars a year from royalties and has a sizable bank account, that wealth isn’t likely to last long if he can’t “jumpstart” cash flow.

US rap star Kanye West could be on the road to financial disaster as top brands have sought to end their cooperation with him.

Although Kanye has considerable wealth, his expenses are also quite considerable, and now the American media is learning that the rapper has lost most of his sources of income.

The rapper’s woes began after he made some rather controversial remarks this month about Jews that were deemed anti-Semitic by some.

In this Feb. 9, 2020, file photo, Kanye West arrives at the Vanity Fair Oscar Party in Beverly Hills, California.  On Monday, Oct. 18, 2021, a Los Angeles judge approved the rapper, producer, and fashion designer's request to legally change his name to just Ye, spelled YE, with no middle names or last names.  - Sputnik International, 1920, 09.10.2022

Kanye West’s ‘Death Con 3 On Jewish People’ tweet removed

Shortly after, prominent fashion house Balenciaga and sportswear giant Adidas, along with retailer Gap Inc, Vogue magazine and talent agency CAA, sought to distance themselves from Kanye amid the scandal that followed.

With Ye now effectively deprived of income previously generated from his deals with Gap and Adidas, media outlets say he is also unlikely to make any money from gigs in the near future due to venue reluctance. to reserve it.

Additionally, the rapper reportedly has no deal to distribute his upcoming album, and although he makes around $5 million a year from royalties, an insider told media that it’s “about enough to pay his gas bill for his jet”.

With the media estimating Kanye’s wealth in the bank at over $100 million, sources reportedly suggested it would only last him ‘months’, with one saying ‘it’s all about cash flow and s ‘he reduces when he can relaunch it’.



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