Kanye West may have some tough times ahead regarding his finances.
Between Adidas seeking a payout from West, 47, via private arbitration after dropping their $75 million lawsuit against his Yeezy brand last year and Lauren Pisciotta, West’s former assistant, suing the rapper for sexual harassment (West has called the claims “baseless”), West could soon be shelling out “millions,” a source exclusively reveals in the new issue of Us Weekly.
In addition to his legal troubles, West isn’t bringing in as much money as he once was.
“Kanye doesn’t have any endorsement deals coming in because people don’t want to be in business with him,” says the source, noting that West’s self-financed clothing line isn’t selling like it once did.
West lost several million-dollar brand deals in 2022 after he claimed in a heated X rant that he wanted to go “death con 3 on Jewish people.” Balenciaga, Adidas, Gap, Vogue magazine and CAA ( Creative Artists Agency) all cut ties with him in the wake of his antisemitic remarks.
“I’ve been beat to a pulp and there’s still no accountability,” West wrote via Instagram in October 2022 after the brands parted ways with him. He also apologized for his comments during an appearance on Piers Morgan Uncensored earlier that month.
Kanye West Gotham/GC Images
“I feel like I caused hurt and confusion,” he said. “And I’m sorry for the families of the people that had nothing to do with the trauma that I had been through, and that I used my platform where you say hurt people hurt people. I was hurt.”
