Adidas’ $565,000,000 Sale of Yeezy Assure Kanye West to Claim a Significant Sum of Money from the $39 Billion Worth Giant

Published 08/04/2023, 3:30 AM EDT

via Imago

Kanye West, despite being a creative genius, somehow manages to be in the news for the wrong reasons, including his anti-Semitic remarks and white supremacist slogans. The 46-year-old rapper is popular for his experimental music projects and his collaborations with top luxury brands. He was a partner of the brand Adidas where he launched his collection, Yeezy, generating humongous sales conversions. His much-talked-about partnership with the German sportswear giant has once again brought him to top headlines. The on-off partnership with Adidas has fetched the rapper some staggering fortune while enriching its own stocks. 

Before things turned south, the company generated a whopping revenue of around $1.7bn. Together they came up with Yeezy shoes that made the ‘Heartless’ singer a billionaire. For those unversed, this collaboration did not last long. The German company had to end their partnership due to Ye’s anti-Semitic remarksDespite this feud, Yeezy sales have generated a lot of profits for the company. 

Kanye West racked up a good royalty share from the Adidas sale

ADVERTISEMENT

Article continues below this ad

According to Financial Times, Yeezy sales have generated a total revenue of $565 million and it’s only growing. Despite the tainted reputation of the ‘Donda’ rapper, fans continued with their obsession with the brand. Ye can thus claim up to 15% of the share for his design rights. He is also entitled to approximately $85 million of the total revenue. 

via Imago

Reports suggest that the brand’s sudden termination of its partnership with Ye actually turned out advantageous for both the star and the brand. Additionally, the company has confirmed that a substantial amount of the revenue will be given to the Anti-Defamation League and the Philonise & Keeta Floyd Institute for Social Change to compensate for Ye’s insensitive remarks.

DIVE DEEPER

Amidst the Big Adidas Yeezy Sale, the Sportswear Giant Accused Kanye West of Mishandling a Whopping Amount of $75 Million

over 1 year ago

Ye received a lot of backlash for his controversial remarks on sensitive topics. It soon escalated until Twitter and Instagram suspended the rapper for a while.

What was the controversy about?

ADVERTISEMENT

Article continues below this ad

The rapper was seen wearing a t-shirt that read “White Lives Matter” during a stage show, which was highly criticized for being insensitive towards the “Black Lives Matter” movement. Moreover, he went on to post anti-Semitic comments on social media platforms, saying that he would soon go “death con 3 on JEWISH PEOPLE.” Even though he removed the post later, his remarks hurt the sentiments of people to the core and violated the policies of the platform and Adidas. 

Even Ye’s ex-wife, Kim Kardashian, condemned his statements and put up a tweet saying “Hate speech is never OK or excusable.” However, in an episode of Keeping Up With the Kardashians, the SKIMS owner was seen regretting her decision to lash out at her ex-husband. She expressed that she feels “guilty” for posting “something in support of the Jewish community”

ADVERTISEMENT

Article continues below this ad

DIVE DEEPER

Will Adidas Dump $1.3 BN Yeezys? Can You Still Get Your Hands on the Kanye West Yeezys?

almost 2 years ago

What are your thoughts about this genius yet controversial star? Drop your thoughts in the comments below!

SHARE THIS ARTICLE :

ADVERTISEMENT

Hriddhi Maitra

898 articles

Hriddhi Maitra is a Hollywood News reporter at Netflix Junkie. An enthusiastic movie buff, Hriddhi found her true calling when she worked as a Cinema Content Writer at My Cinema Story while analyzing movies objectively, and offering constructive feedback. Coming from a background where she worked in different niches like finance, food, travel, medicines, automobile, and entertainment, we can safely say she is a jack of all trades.

ADVERTISEMENT

EDITORS' PICK