As Soon As A Few Months From Now, Kanye West May Be In Serious Danger Of Losing His Money
Reports from Page Six suggest that Kanye West’s financial disaster may be just months away. According to insiders, despite the rapper’s massive cash reserve, he is also said to have enormous expenses. As a result, he could soon be in difficulty if he finds a way to stem the tide as firms dump him and industry giants condemn him.
According to those familiar with West’s finances, he relies on five different revenue streams. Still, since his anti-Semitic tirade and support for white nationalists, four of them have been either entirely shut off or significantly compromised.
We’ve been told that over the past few years, West has made money thanks to his enormous partnership with Adidas, his deal with Gap, his music catalog, the sale of new music and shows, and his music catalog.
After it ended its significant Yeezy footwear agreement with him earlier this week, Adidas announced that it would immediately stop payments to him. This is the real engine behind his enormous riches, and it declared earlier this week that it would immediately stop payments.
And according to one insider, it will be difficult to contest that decision because of his threats against Jews and the event where he showed porn to Adidas executives.
The source claims that Gap owes him compensation for the YEEZYxGAP merchandise it sold between September, when the two companies’ two-year partnership ended, and Tuesday when Gap declared it would stop selling the inventory because of the dispute.
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Concerts are the most straightforward money a star like West can earn and a reliable source of quick cash assets. Still, he’s no more scheduled, and it’s unclear whether venues will prepare him during the controversies, according to authorities. The platform scrapped his scheduled concert at SoFi Stadium in Los Angeles on November 4.
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