A Kanye West fan has set up a GoFundMe page to help the artist regain billionaire status, but dozens of others have responded by creating their own crowdfunding pages to make themselves billionaires instead of the controversial star.
In the past week or so, dozens of pages have been created that can be found in a search for “Kanye billionaire” on the US for-profit crowdfunding platform.
It all started when a GoFundMe page – titled ‘Make Kanye West a Billionaire Again’ – was set up asking for donations to help the 45-year-old star regain billionaire status after Forbes put his net worth at a paltry $400 million after having lost partnerships with Adidas and Gap.
Tribute: A Kanye West fan has set up a GoFundMe page to help the artist regain billionaire status, the 45-year-old artist is pictured in Calabasas on Friday
Hmm: It all started when a GoFundMe page – titled ‘Make Kanye West a Billionaire Again’ – was set up asking for donations to help the 45-year-old star regain billionaire status after Forbes put his net worth at a paltry 400 million dollars after losing partnerships with Adidas and Gap
However, the page was taken down – along with a few more like it – presumably for violating the site’s terms of service, but they reportedly won’t raise too much money before meeting.
GoFundMe allows people to raise money for events ranging from life events like celebrations and graduations to challenging circumstances like accidents and illnesses.
The crowdfunding venture may not have raised that money but it got a lot of attention online as many people wrote about it on social media as news outlets also wrote articles about it.
Uh oh: The page was taken down though – apart from a few more like it – presumably for violating the site’s terms of service but they reportedly won’t raise too much money before meeting
Riding the wave: In the past week or so, dozens of pages have been created that can be found in a search for “Kanye billionaire” on the US for-profit crowdfunding platform
As if that wasn’t already enough ridiculousness, many others responded by creating GoFundMe pages of their own, appealing to generous users to donate money to make them billionaires instead of Ye.
These users haven’t exactly been able to jump social class as most have only raised about $5 with the most successful campaign earning only $40 so far.
This comes days after Ye claimed he lost $2 billion in a single day as companies have continued to cut ties with the rapper following his anti-Semitic remarks.
Certainly an effort: As if it wasn’t already enough ridiculousness, many others responded by creating their own GoFundMe pages, appealing to generous users to donate money to make them billionaires instead of Ye
Big Winner: These users haven’t exactly been able to jump social class as most have only raised around $5 with the most successful campaign earning just $40 so far
Meanwhile, West’s empire has continued to crumble as Adidas last week dropped his Yeezy shoe line — a deal worth $1.5 billion — with Gap, Footlocker, TJ Maxx and Balenciaga all following suit and cutting ties with the rapper.
The rapper was embarrassingly escorted out of Skechers headquarters on Wednesday after showing up unannounced to pitch his Yeezy brand a day after being dropped by Adidas and having his songs banned by Peloton.
Skechers representatives said in a statement: “Given that Ye was engaged in unauthorized filming, two Skechers executives escorted him and his party from the building after a brief conversation. Skechers does not consider and does not intend to work with West.”
Axed: Meanwhile, West’s empire has continued to crumble as Adidas last week axed his Yeezy shoe line – a deal worth $1.5 billion – with Gap, Footlocker, TJ Maxx and Balenciaga all following suit and cutting ties with the rapper
“We condemn his recent divisive statements and do not condone anti-Semitism or any other form of hate speech. The company wishes to reiterate that West showed up unannounced and uninvited to the Skechers corporate office.’
The rapper’s removal from the shoe brand’s offices comes just hours after Adidas announced it will continue to sell Yeezy products while removing the rapper’s name.
How much is Kanye really worth?
Forbes estimates Kanye is worth around $2 billion, with DailyMail.com breaking down his individual offerings:
ADIDAS – 1.5 billion dollars
West’s deal with Adidas was the crowning glory of his fortune, with sales climbing to $1.7 billion in 2020 — earning him $191 million in royalties.
Forbes estimates that the Yeezy deal with Adidas is worth $1.5 billion, and the company confirmed that it would likely lose up to $250 million of its net income in 2022 as a result of the split.
MISS OUT X BALENCIAGA – 970 million dollars
His GAP collection was valued at around $970 million when the deal was announced in 2021, but he has since ended his work with the retailer.
The first products sold out in 2021, after being announced in June 2020, in a partnership that was expected to last ten years but was called off by West.
GAP was also part of a deal between Yeezy and Balenciaga, with estimates claiming they would bring in $1 billion in expected sales.
SKIMS – $160 million
West, who split from Kim Kardashian in 2020, is still a partner in Skims but it’s unclear how much he earns from it.
He previously whined about owning 5 percent of the business, which is estimated to have a net worth of $3.2 billion.
If so, he would have a $160 million stake in the company.
MUSIC – $90 million
He has sold over 140 million albums worldwide, and documents seen by Forbes show his own recorded music and publishing rights are worth at least $90 million.
Between mortgages, advances and other debts, Forbes says West owes about $100 million.
Management said it will sell the items under its own brand in early 2023, according to analysts.
Adidas cut its deal with Ye on Tuesday after fan pressure over the rapper and designer’s recent anti-Semitic comments.
That ended the lucrative partnership, which included royalty payments and other fees.
Since other similar comments on social media, including a tweet declaring he would go to “death con 3 On JEWISH PEOPLE,” Ye has lost a string of high-profile partnerships.
Shoe retailer Foot Locker said they would not support any future Yeezy products, and we have instructed our retailers to pull all existing products from our shelves and digital sites.’
Even Christie’s, the auction house that handled the private sale of a rare Nike Air Yeezy 1 prototype worn by West at the 2008 Grammys, is no longer proceeding with the sale.
The cancellation of the Adidas deal has knocked Ye out of the billionaire ranks, according to wealth tracker Forbes.
Ye is now worth a comparatively paltry $400 million, which Forbes estimates comes from real estate, cash, his music catalog and a five percent stake in ex-wife Kim Kardashian’s shapewear company, Skims.
But as companies around the world cut deals with Ye, music streaming service Spotify said it would not remove the rapper’s music unless his label requested it.
Recent anti-Semitic comments by the rapper are “just horrible comments” and would have warranted removal from Spotify for violating its policies if they had been on a podcast or recording, Spotify CEO Daniel Ek said.
However, music by the artist now known as Ye does not violate anti-hate policies, and any anti-Semitic comments he has made cannot be found on the music streaming platform.
“It’s really just his music, and his music doesn’t violate our policy,” Ek said, adding, “It’s up to his label if they want to take action or not.”
It emerged last week that the rapper was released by Camille Vasquez, the lawyer who defended Johnny Depp in the defamation trial with Amber Heard, as well as by top talent agency CAA.
A source to The New York Post claimed: ‘After Ye doubled [on anti-Semitic comments] this weekend Camille let him go. The company still wanted to make it work, but on the condition that he withdraw, he didn’t want to – so he fired them.’
CAA had cut ties with Ye sometime in the past month, according to the LA Times, after he made the anti-Semitic statements.
At the same time, the production studio MRC also announced on Monday that they are shelving a documentary they made about the rapper.
MRC studio heads Modi Wiczyk, Asif Satchu and Scott Tenley announced in a memo Monday: “We cannot support any content that reinforces his platform.”
Budget: Ye is now worth $400 million, which Forbes estimates comes from real estate, cash, his music catalog and a five percent stake in ex-wife Kim Kardashian’s shapewear company, Skims
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