Kanye West no longer a billionaire after Adidas cuts his Yeezy fashion deal

In now-deleted Instagram posts earlier this year, Kanye West accused Adidas of failing to build contractually promised permanent stores for products from his Yeezy fashion line. Photo: Reuters

Adidas AG terminated its partnership with rapper and fashion designer Kanye West (also known as Ye) on Tuesday (Oct 25) after he made a series of antisemitic remarks, a move that knocked the musician off the Forbes list of the world's billionaires.

Adidas put the tie-up, which has produced several hot-selling Yeezy branded sneakers, under review this month.