Kanye West‘s antisemitic comments have gotten him in serious trouble, but no punishments have had quite the impact as the dissolution of the partnership with Adidas.
The company first split with the controversial rapper back in October 2022, shortly after his infamous “Death Con” comments.
As Ye revealed to TMZ on Monday (February 12), things got really dire around that time.
“I’m gonna be honest with y’all: I was two months from going bankrupt, really… And we survived. We survived through the cancellation.”
The rapper also made comments about his issues with “different companies” he had worked with in the past on footwear, specifically over pricing — though he didn’t mention Adidas specifically.
Check it out below.
Adidas announced at the time that it expected to lose approximately $246 million in net income in 2022 after parting ways with West.
Elsewhere in his new interview, Ye discussed his controversial comments about Jewish people, which he had previously apologized for.
Addressing the backlash to his past remarks, which included praising Hitler and spreading conspiracy theories about Jewish people, he said: “They got the right to their opinion. I got the right to my opinion. You understand what I’m saying?
“We all have the right to our opinions but so many people will lose their jobs, lose their careers for taking the steps that we took. We went down for like a year and a half.”
Kanye also directly addressed the fallout from his 2022 tweet saying he was going to go “death con 3” on Jewish people: “I even sent the apology and [adidas] still fuck with me. Some of the stuff I was saying was true.
“So until y’all come up and say, ‘Yo, what he was saying, some of that was true,’ go ahead with all that … Black people can’t be antisemitic. We are Jews, you understand what I’m saying? We are Jew.”
He added: “For all the Jewish kids that love me, I’m sorry if y’all had to hear a grown up conversation with us screaming at each other, but we got to a point where something needed to happen, something needed to be said.”
How anyone could have been worth an estimated half a billion and went nearly bankrupt within a few months tells me they either weren’t worth nearly what was initially claimed, is horrible at managing money, or both.
Or has some big buisness investmens going on and needs a certain amount of cash to keep things running. If he would just concentrate on his Music all would be fine with him. But the venture into fashion is this mans demise. Along with him not staying on his Meds… Just stay on them Meds and make Music.
@Wordstar – If he’s creating business ventures, he likely would have some sort of LLC setup that would protect his personal assets from his LLC’s financial issues. So his business may have been months from bankruptcy, which would still leave the personal assets in tact…. so he’s misleading people into selling the story of he personally was about to go bankrupt, but it’s more likely the LLC would have went bankrupt, leaving the 9 to 5ers working for him without their jobs, and Kanye the person would still be rich beyond belief. OR, it’s all in his own name, and he’s horrible at managing money.
Kanye West going bankrupt in 2 month after claiming billionaire status sounds like Kanye West isn’t the “genius” Kanye West thinks he is.
But he still has quite a few pending lawsuits so he shouldn’t celebrate just yet.