Kanye West Loses $2 Billion After Making Anti-Semitic Remarks

by Hailey Greg
Kanye West Loses $2 Billion After Making Anti-Semitic Remarks

Kanye West returned to Instagram after purportedly being blocked by the social media network, writing that he lost $2 billion in one day amid a growing scandal focused on the rapper-anti-Semitic entrepreneur’s rants.

The piece mentions Ari Emanuel, the CEO of Endeavor Content, who was among the business executives who came out against doing business with West, also known as Ye.

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“Ari Emanuel, I lost 2 billion dollars in one day and I’m still alive,” West wrote overnight. “This is love speech. I still love you. God still loves you. Money is not who I am. The people are who I am.”

The number of businesses and projects that have parted relations with West is expanding, most notably Adidas; yesterday, West was removed from the Sketchers headquarters in Los Angeles after attempting to speak with officials there about his Yeezy shoe line.

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Balenciaga and CAA have also acted, while MRC Entertainment said Monday that it would not proceed with its recently finished documentary on the performer. Emanuel was joined in denouncing West’s comments by Bob Gersh of Gersh and Jeremy Zimmer of UTA.

Forbes said on Tuesday that, as a result of Adidas’ decision, West is no longer on their list of billionaires, despite being one of the first hip-hop moguls to become so.

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West has been in the headlines after his “Death Con 3” tweet and allegations of Jewish persecution. Donde Academy, the Los Angeles-area private Christian school he established, has apparently closed for the academic year.

In a Financial Times op-ed last week, Emanuel said, “Those who continue to do business with West are giving his misguided hate an audience. There should be no tolerance anywhere for West’s anti-Semitism. This is a moment in history where the stakes are high and being open about our values, and living them, is essential. Silence and inaction are not an option.”

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