Kanye West loses $1.5bn, as antisemitic rant crashes deals

American rapper, Kanye West, is no longer a billionaire after his partnership with Adidas for his fashion brand, Yeezy, was terminated by the footwear company.

On Tuesday, Adidas announced that the estimated $1.5 billion deal with Kanye West has been cancelled with immediate effect after the music producer’s antisemitism rants on social media.

Ripples Nigeria had reported that Kanye West was suspended from Instagram and Twitter after making comments that the social networking sites viewed as an attack against Jewish people.