Kanye West backed out of Coachella earlier this week, which left festival organizers scrambling for a replacement until they announced Ye’s “Hurricane” collaborator The Weeknd would be filling his Sunday (April 17) headlining slot.
According to TMZ, Kanye pulling out of the Indio, California-based festival saw him give up a solid paycheck. Coachella reportedly agreed to pay Yeezy $8 million for the pair of Sunday performances scheduled for April 17 and April 24 in addition to doling out $500,000 in production costs for his stage design.
Coachella was reportedly caught off-guard until they found a replacement with The Weeknd and Swedish House Mafia as co-headliners. Ye was allegedly not putting much thought into the performance, even though the festival date was just mere weeks away.
Not many artists would leave an $8 million payday on the table, but Kanye West could afford it. Forbes‘ latest estimates have Kanye’s net worth north of $2 billion.
Kanye West, JAY-Z & Rihanna's Net Worths Revealed In 'Forbes' 2022 Billionaires List
Ye hasn’t spoken about Coachella, the Grammy Awards or anything as his social media presence has been radio silent since Instagram suspended him in March. Kanye didn’t make an appearance at the Grammy Awards even after taking home a pair of trophies for Best Rap Song and Best Melodic Rap Performance.
Instead, Ye opted to bring his girlfriend Chaney Jones to visit family where they celebrated his cousin’s grandma’s 85th birthday with a surprise party in California.
That’s like $800 to a billionaire
bet if ye tried to withdraw 500M he couldnt, mo then most though
I don’t think you can legally withdraw that much money anyways.
Trust me. If he said he wanted to withdraw 500M they would ask for a week to gather it and they would have it on hand. For the publicity alone. It would make the bank look credible. It’s his money. He has a right to it.
he more richer than gayz
so 32 per ticket from 250K tickets goes to 1 artist? they really think people cant do math why pay 8m when you can book him for half a mil, but i guess at 400+ a ticket 1 artist getting less than 10% could be possible just stupid
Yeah. They have sponsors dummy. They actually get everything covered by brands etc. they keep all of the ticket sales. Maybe learn a bit about shows and promotion before trying to be a smart ass. Idiot. Coachella is one of the worlds biggest most respected music festivals for a reason. One of those reasons is idiots like you don’t work there.
nah idiots pay 500 a ticket to go to festivals, respected lol, not much to learn actually retired from it 20+ years ago when live nation hob etc started consolidating stank u very much, been out the biz that long n i bet i could get ye to an event for 100K but they so smart payin 8.5M cuz they have 100 shows every day they can afford to proft 100 bucks on each one lol all these artists claimn 50K+ a show can be got for 10 haha sponsors are also 4 idiots as idiots actually believe & are influenced by ads, the same folks that go to festivals
“Kanye fumbles major bag” — Sounds like a boss move to me. Don’t be a slave to money people. Stand for what you believe in.
Media outlets like this site are trying to subtly control what you think about people and events by choosing specific words that you would normally overlook. Fumbles, HA! You’re whole perception would change if they used a word like integrity.
That’s 80 dollars to a guy who makes 10K a month. Not a major bag at all.