kanye west wiped out 3/4 of his net worth with his idiotic comments

[moonshinegnomie]

he was worth almost 2B 2 weeks ago. his adiddas contract was 75% of that.
today they joined a long list of companies dropping his toxic ass for his antisemitism

he should go the way of mel gibson. basically forgotten about

https://www.msn.com/en-us/entertainment/news/adidas-finally-drops-kanye-west/ar-AA13lV6P

[Aristus]

1. In five years, he may just be some guy muttering to himself on the street as people give him

a wide berth.

[samnsara]

40. pretty close to that already...

[Mystery sage]

2. Question: who is mel Gibson?

[Jerry2144]

9. I think he was more of a

Never-Was instead of a Has-been

[PatSeg]

39. Mel Gibson was really big

both as an actor and a director for quite some time. He just couldn't control his mouth or his drinking. As with so many celebrities who are full of themselves, he went too far, too often.

As for Kanye, I remember the first time I heard he was worth $2 billion. I was mind-blown. Maybe a less wealthy Kanye might be a bit less obnoxious. Probably not, but I'm sure that vast wealth just feeds his enormous ego.

[paleotn]

47. William Wallace a never-was?

I know, Braveheart was awful, terribly history. He was better in the Lethal Weapon series, but that was ages ago. He was young and so was I.

[Jerry2144]

48. I never liked him

Or his acting. He just didn’t seem to have any talent to me and wasn’t believable in his roles

[paleotn]

64. Memorable due to his roles, but certainly not a favorite of mine.

King of the mindless blockbuster. Sort of an Australian Bruce Willis. More Hollywood glitz, less actual acting skills.

[Pinback]

23. This guy:

A real charmer all right:
All the Times Mel Gibson Has Been Accused of Anti-Semitism and Racism (Newsweek, 6/23/2020)

[wolfie001]

30. Derp Derp!!!

[samnsara]

42. still trying to figure out who kenye is other that some rich guy

[efhmc]

45. I think he makes/made some type of music?

[paleotn]

54. Musician of some renown.

now infamy. Me thinks he like attention a little too much.

[efhmc]

44. Found a movie I was going to watch on Netflix last week until I saw MG in one of the first screen so

looked for something else. Even if it was just a quarter, I would not give him that 25 cents.(Just realized that there is no cent key on my computer.)

[rambler_american]

56. Cent key?

Don't know about pc's but on my Mac it's option key plus 4
That'll cost you 50¢

[Better Days Ahoy]

60. If the movie is "Father Stu"

It's worth a watch. Wahlberg is good in it. So are the supporting players. Mel kinda plays Mel: A long-time drunk who is generally unself-aware who blames everyone for his shit.

[Tarc]

55. Mel Gibson at least apologized and tied to make amends

Apples & oranges.

[Better Days Ahoy]

58. Well played, Mystery sage

[Initech]

3. Good, I hope he's made an example of.

White supremacy, neo-nazism, and neo-fascism are nothing to fuck with. We fought two world wars over this shit and probably a third. Also too, fuck TPUSA and shame on Candace Owens for her part in this.

[Justice matters.]

4. Good grief... Adidas should support young athletes who work hard.

Billions of dollars to a anti-semitic big mouth?

How lower can they go??

[FoxNewsSucks]

20. THink how affordable shoes would be

if billions weren't being spent on celebrities, including assholes like that racist prick.

[OMGWTF]

21. THIS! THIS! THIS!

[PatSeg]

41. Yes, absolutely

[Better Days Ahoy]

61. Adidas is a German company, so I'm

Not surprised and not impressed.
Lessons not learned: Adidas dropped Kanye FINALLY after their stock price dropped 17% in the last 3 weeks, mostly because they kept him on despite the anti-semitic comments.

Money and shareholders talk when principles walk.

[LetMyPeopleVote]

5. Adidas officially announces it's dropping its partnership with Kanye West.

Link to tweet

[BonnieJW]

62. Adidas should not have hesitated

with its Nazi connections in WWII

[A HERETIC I AM]

6. That's not quite how Net Worth works.

And I'm not sure why the article would make that mistake.

Forbes has estimated that the deal was worth about $1.4 billion, and West’s net worth around $2 billion; without Adidas, he’s allegedly worth just $400 million.

That's poorly written and unless West HAD the $1.4 Billion in the form of shares or funds invested in his name, the contract is just that - a contract. It isn't money in his pocket until he gets paid and it can't be counted as his NET worth (keyword "Net" )

I absolutely agree with your last sentence though.

Fuck that dopey asshole.

[sarchasm]

33. I always understood your Net Worth to be your Assets minus your Liabilities, no?

If so, isn't that Adidas contract an asset, and consequently now it is not?

yeah, and he's definitely an asshole of the first order, and quite dopey.

[sarchasm]

35. yeah, yeah, key word "Net"

served.

[ProfessorGAC]

49. That's Half Correct

A voidable contract is not considered an asset from a GAAP perspective. That is, unless the contract is fully guaranteed & pretended.
Otherwise, every manufacturing corporation with supply contracts with major suppliers would have that value on the balance sheet as an asset.
But, the product doesn't yet exist & hasn't been paid for yet.
I learned this both in MBA school & working with accounting folks on cost reduction projects for 20+ years.
An asset has to be material and have intrinsic value. In my field, things like real estate, buildings, reactors laboratory hardware are included.
2022-2025 supply contracts aren't material until money changes hands, but that's revenue not an asset, unless the company shoves all of it to banks (cash) & equity investments.

[JustABozoOnThisBus]

71. Thank you. I wondered how net worth includes money you don't have yet.

Unless there's some secret Trump accounting theory at work.

[NewDayOranges]

7. So, he's only worth half-a-billion now?

[Hortensis]

11. Maybe he can turn to GoFundMe to supplement it.

[dweller]

8. YAY !!

is how it’s pronounced
😆




✌🏻

[JustABozoOnThisBus]

70. Oy !!

Maybe he should change his name (again) to Oy Vey West.

Usually pronounced Oy! with a palm smacking one's own forehead.

[sop]

10. I know I'm hopelessly out of touch, but what exactly is this guy famous for...besides being a

complete asshole?

[Elessar Zappa]

14. He used to make really good music.

That’s what initially gave him fame. Then his mom died, his music started sucking, and he went crazy.

[PJMcK]

15. Didn't he make a sex tape with a Kardashian? (n/t)

[Lucinda]

26. Nope.

[Caliman73]

27. No, that was another guy, Ray J.

A singer who Kardashian dated in the early 2000's.

[Siwsan]

29. That was someone else.

The name escapes me.

[LisaL]

50. No, but he used to be married to her.

NT

[PatSeg]

46. You know, it is really hard

as every time his name shows up in the news, it is because he has done or said something really obnoxious or offensive. The first time I noticed him was when he said, "George Bush doesn't care about black people" after Katrina. Then there was the time at the Grammys when he interrupted Taylor Swift's acceptance speech in 2009:

When Swift was awarded the moon man for Best Female Video for "You Belong with Me" in 2009, West climbed the stairs to interrupt Swift's acceptance speech with the now-infamous proclamation, "Yo, Taylor, I'm really happy for you, I'ma let you finish, but Beyoncé had one of the best videos of all time!"

So, though he is famous for his music, he is really more famous for "being a complete asshole" as you said, and having been married to Kim Kardashian. I am so tired celebrities who are famous for being famous and really contribute nothing.

[IronLionZion]

51. I liked his music around 20 years ago

and he even worked/donated money for Hurricane Katrina relief and did some good things back then before become a total asshole

[GoCubsGo]

12. Boo fucking hoo.

He'll just go back to threatening his ex-wife and her boyfriend, if she has one.

[Haggard Celine]

13. How does a stupid asshole like him get to be a billionaire?

That's fucking blasphemy!

[Fiendish Thingy]

59. The market for limited edition sneakers is insanely ridiculous. Nt

[Better Days Ahoy]

65. Gee whiz

That criteria goes back at least a few hundred years, just in this country: Rockefeller, Carnegie, all of the railroad magnates, everyone who did business with the Bastista Cubans. Then there's the Catholic Church since, oh, about 300 A D. And don't get me started on the Dutch and the fucking Swiss.

[keithbvadu2]

16. Perhaps Kanye has not noticed that his Nazi compatriots are not too fond of his own skin color.

Perhaps Kanye has not noticed that his Nazi compatriots are not too fond of his own skin color.

[OMGWTF]

22. He thinks he's special.

P.S. No need to repeat your statement. Once is enough. Thanks.

[Cha]

17. Good.. Big Bigoted Gaslit Mouths

Should had Consequences.

[FoxNewsSucks]

18. Good. I hope he loses the rest.

[geardaddy]

19. Womp womp n/t

[Paladin]

24. Nice to see a shit-for-brains getting what he deserves.

Doesn't happen nearly often enough, these days.

[live love laugh]

25. Ironically, Adidas is associated with Naziism.

https://www.newsweek.com/kanye-continued-ties-adidas-amid-antisemitism-sparks-nazi-discussion-1754290?amp=1

[Hekate]

28. Excellent news

[tanyev]

31. Yeezy come, Yeezy go.

[nolabear]

34. ...

I am SO stealing this.

[senseandsensibility]

36. Lol

DUZY!

[Happy Hoosier]

63. Oof!

That’s a DUzy!

[obamanut2012]

32. Mel Gibson is making as much money as ever, and getting awards

And award noms. Gibson is in fine shape.

[Demsrule86]

43. I have to say I like Mel Gibson. Signs and the patriots are among my favorite movies...he got

drunk and mouthed off...he was raised by a racist Dad (not that makes it right). And he was sorry too...Kanye is not sorry.

[sheshe2]

37. Good, he deserved to be dropped.

Ye got exactly what was coming to him.

[MontanaMama]

38. I was beginning to think Adidas would stand by this bigot.

They had to think about doing this for two weeks? Sheesh.

[IronLionZion]

52. What's with him saying Adidas won't drop him for his antisemitic comments?

Is he really so stupid/insane that he thinks they won't call his bluff?

Oh well. Maybe he can share a padded cell with Donald.

[Tarheel_Dem]

68. Perhaps he was confident he wouldn't be dropped because someone in the firm shares his...

outrageous, bigoted ideology. We may never know, unless Ye spills the beans someday.

[Stuart G]

53. Kanye West perfect example: "Too Stupid to Know That He Is Stupid."

[BonnieJW]

57. Good

It couldn't happen to a more despicable creature.

[BigmanPigman]

66. My opinion of him after the Taylor Swift/Beyonce

has not changed. He showed his true self back then. Why would anyone support him after that shit at the music awards? He reminded me of Will Smith at the Oscar's. A total idiot. Period.

[Skittles]

69. THANK YOU

how can anyone support him indeed, UGH

[SergeStorms]

67. Only a rich.....

White racist like Donald Trump could get away with saying something like that.

Who does he think he is?

[Captain Zero]

72. Good thing Trump never said anything as bad

as Kanye or he would never have got the nomination in '16 and '20.