TMZ: Kanye Is Burning Through Money... Headed Towards Financial Ruin? (UPDATE-ADIDAS DROPPED HIM)

[Theraflu]

And is still the richest black man in america

That’s that other dude who paid off all them kids student loans

These are the two biggest

Mike Adenuga, $9.9 billion.

Robert Smith, $4.4 billion.

David Steward, $4 billion

His networth is in Yeezy and his masters.

 

[Marks]

I think he's mentally ill and also never had anywhere close to the money he claimed.

 

[Theraflu]

I think he's mentally ill and also never had anywhere close to the money he claimed.

‘Kanye is not a real billionaire. This was a lie put out by Khris Jenner to boost his and Kim profiles. Just like Kendall Jenner was supposed to be a billionaire too.

Then, Rolling Stones asked for receipts, they got nothing. No proof and no paperwork’

- @LeVraiPapi

 

[In The Zone '98]

As long as he has a partnership with Adidas he should never be poor.

Can't make hundreds of millions a year and want me to feel sorry for you.

 

[Apprentice]

Sounds like J*** media and broke nikka hate to me..

Lmao u a sick nikka for that avi

 

[Theraflu]

As long as he has a partnership with Adidas he should never be poor.

Can't make hundreds of millions a year and want me to feel sorry for you.

This is the current dispute he is in with adidas he fired the advisor who helped him negotiate the deal with adidas the guy is a super famous investor who inked the Yeezy deal for him Shervin Pieshevar

Shervin Pishevar, the man TMZ mentions in the article as someone Kanye recently fired, was Yeezy's Chairman and the man in the Adidas meeting trying to explain why Kanye was waving a Pornhub clip in the executives' faces, and telling them they were wrong for 'stealing' his designs (Kanye only owns the patent for the Yeezy slide. Adidas hold the patent for every other Yeezy shoe) that were like 'his child'.

 

[Man On Fire]

Sounds like J*** media and broke nikka hate to me..

Fake News

 

[In The Zone '98]

This is the current dispute he is in with adidas he fired the advisor who helped him negotiate the deal with adidas the guy is a super famous investor who inked the Yeezy deal for him Shervin Pieshevar

Shervin Pishevar, the man TMZ mentions in the article as someone Kanye recently fired, was Yeezy's Chairman and the man in the Adidas meeting trying to explain why Kanye was waving a Pornhub clip in the executives' faces, and telling them they were wrong for 'stealing' his designs (Kanye only owns the patent for the Yeezy slide. Adidas hold the patent for every other Yeezy shoe) that were like 'his child'.

Not surprised he fired him. Ye wants a bigger percentage for his name licensing.

Ye is being f**ked. BUT, he signed the deal.

 

[Neo. The Only. The One.]

Damn yall really hate that dude

I sure do and I hope he burns in hell.

 

[valet]

Haven't read the thread but this was bound to (pun intended) happen. Kim taught him about saving money and now he's just going back to his old ways. W

 

[Theraflu]

As long as he has a partnership with Adidas he should never be poor.

Can't make hundreds of millions a year and want me to feel sorry for you.

Adidas revenue is 30 BILLION a YEAR.

Yeezy makes them 1.7 billion a year. That’s a drop in the ocean for them. If he continues to be toxic they can and will end the deal (similar to JP Morgan).

He is 5% of their annual revenue. If he pushes this enough they’ll buy him out. Adidas OWN his patent and likeness and his partnership bans him from Yeezys likeness

They can kick him out and sell them themselves

But for a global consumer brand where marketing is key 5% of revenue is NOTHING. A few new shoes and marketing (what determines the consumer sectors sales) and they’ll add an extra 10%-20% without him

Adidas don’t need HIM and if he continues as he is just like GAP and JP Morgan they’ll sever ties. Adidas advisors will be discussing this right now

His biggest market is the USA if he continues on this path to maintain their brand (most expensive thing they own) they WILL cut him off. Due to his image in the USA

They don’t need him to make the shoes and he is never allowed to sell them independently. He will rant of twitter for some days then get over it.

His equity buy out will be big but as I said he’ll blow it…..

They’ll keep selling Yeezys….

 

[Lucky_Lefty]

Cool. His money. IDGAF. Actually rooting for it.

 

[Negro Caesar]

Where did all y’all see Jay Z loaned Kanye shyt tons of money? And if he gave Kanye all this money, didn’t Kanye become a billionaire? He couldn’t pay Jay back?

 

[Reflected]

I’m one of the few people who genuinely believe this man is mentally ill.

Wait what, this is a minority opinion? Anyone that has been around people like that knows Kanye is mentally ill. I even called it getting to that exact point unless someone banned the dude across the board, I said if he didn't have family left, it was a wrap. Normally people like that end up ostracized because they refuse help, they refuse medication, and no one wants to be around constant craziness, besides people looking to take advantage or other crazies.

In truth, based on my personal experience, money or not, it typically ends in death due to suicide, extreme negligence, or they finally get the help they need, which I have never seen happen without actual friends or family initiating it.

Also, I couldn't imagine the overall eyeball consensus from psychiatrists on the situation not being that he is mentally ill.


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Really the only problem is, that if he doesn't want to get help, he is "responsible" for his actions, personally, I disagree, but all of this is a result of him refusing help, someone should (should have) step in.

 

[LeVraiPapi]

He did an interview 3 years ago saying how much he loves hitler

Kim paid them to never air it

They hid a lot for him

Exactly. Imagine how much bad press he got shielded for by Kim K ?

Even te Netflix documentary you can clearly see dude was off his rockers