Kanye West Goes Broke While Adidas Earns Millions After Selling Leftover Yeezys [REPORT]

Kanye West and Adidas abruptly ended their partnership last year after the rapper began sharing his anti-semitic views online. The sports brand suffered major losses, but it seems like the tides have turned for them this time around.

According to reports, Adidas had just begun selling leftover stock from their collaboration with West and earned over $437 million from the first batch.

The "Gold Digger" rapper would not be seeing any added zeroes in his bank account, after all, his partnership with the brand has long since been severed.

On top of the huge success from the leftover Yeezys, Adidas will also be donating a portion of the profits to several charities, like The Anti-Defamation League, and Philonise & Keeta Floyd Institute for Social Change, founded by George Flyod's bother Philonese.

"This is much better than destroying and writing off the inventory and allows us to make substantial donations," said Bjørn Gulden, the CEO of Adidas.

Kanye West Going Broke?

According to TMZ, West had to let go of one of the most sentimental pieces from his "Donda" concert, for what reason, it is still unknown.

The item is a replica of the rapper's childhood home, which he used in the set of his concert.

The "Donda" home replica will be auctioned off in October but currently sits in a storage facility in Chicago.

Does this mean that West needs money? Reports do not disclose what is going on behind closed doors with the rapper, however, he has not been involved in any controversies as of late.

Kanye West Bouncing Back

It has been years since West even released new music, as he has not really been focused on being an artist these days.

After his public breakup and eventual divorce from his ex-wife Kim Kardashian, the rapper went into a downward spiral. He cut ties with Adidas, while the rest of the music and fashion industry cut ties with him.

It seems like, though, that West is ready for a change in scenery and has been returning to recording studios.

According to reports, Fya Man revealed some information regarding the rapper's upcoming album.

West has been "extremely involved" in making the album, and it has been "very tedious."

"I didn't see any of [the Donda 2 songs] being (brought) back, all new vibes," the Chicago-based rapper said.

During a different occasion, he said, "Music was worked on heavily, and the party was amazing!"

Tags

Kanye West, New Music, Adidas