This paradigm was turbocharged during the first year or so of the pandemic, with collectible sneakers and apparel exploding in value alongside other luxury assets, among them watches, wine, art and cars. A thriving secondary market has ensured that collectors who miss out on a limited-edition drop could pick up the latest item - for a steep price.

So has his clothing, with its drapey fits and modern silhouettes. But, with the loss of that relationship, Forbes said, West is no longer a billionaire.įor years, Yeezy sneakers have been coveted by fans who love their bulbous looks.

West’s fashion success proved lucrative: Prior to his recent comments, his net worth had been pegged at $2 billion by Forbes - with the publication attributing 75% of that valuation to the Adidas deal. destination retailer for exclusive, collectable and rare sneakers and streetwear, stocking products from Nike, Off-White, Air Jordan, Supreme and Yeezy. The first items from the effort were released in 2021 - and a $90 sweatshirt sold out within hours of debuting.īusiness Kanye West’s Yeezy brand sued over alleged shipping delaysĪ lawsuit filed by the state of California against West’s fashion business alleges delayed e-commerce shipments violate the state’s business code. West struck the Gap deal in 2020 to design adult and kids’ clothing for the San Francisco-based apparel giant. Later, he forged the partnership with Adidas, which began producing Yeezy sneakers in 2013. West began dabbling in apparel and footwear in the late 2000s, collaborating with companies include A Bathing Ape, Louis Vuitton and Nike. The hip-hop musician and producer has long been interested in fashion. West, 45, who also goes by Ye, did not respond to a request for comment. They had to end the partnerships with Ye, because Ye’s comments are really outside of morality.” “That is pretty exceptional to have this many partnerships ended and with such high-profile companies as well,” Saunders said. It makes for a stunning, self-inflicted loss of business, said Neil Saunders, retail analyst at GlobalData. Now his Donda Academy is closing until next school year. Music Kanye West’s hits keep coming: Here are the companies that have cut ties with himĬompanies from Balenciaga to CAA to Adidas have cut ties with Ye amid antisemitic tirades.

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