American business magazine, Forbes has disclosed that American rapper, Kanye West is no longer a billionaire after German multinational corporation, Adidas cut ties with him.

According to Forbes, Kanye no longer has a place on its billionaire’s list after being dropped by Adidas for antisemitism.

In recent weeks, Kanye has gone on several anti-semitic rants across his social media handles.

He had alleged that the Jews control Hollywood and vowed to “go Defcon 3” on the Jewish people, apparently referring to the military readiness condition.

Forbes also added the multi-year Adidas deal was valued at $1.5 billion, without which he’s worth just $400 million

Credit: Vanguard

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