Google Search for ‘Sell Yeezy’ Shoes Shoot Up 581%: While Kim Kardashian Made $600M From SKIMS, Kanye West’s Yeezy Suffers Bankrupting $246M Loss
Kanye West is no stranger to facing the consequences of his own words. He is better known for speaking his mind out and creating controversies every now and then. In recent news, Adidas has ended its partnership with Ye and stopped the production of Yeezy products. The German company had to make this decision after Ye made some antisemitic comments. According to recent reports, since Adidas made the announcement of ending their partnership with Ye, people have searched on search engines about how to sell their Yeezy collectibles.
Kanye West loses his Billionaire status as people search for “Sell Yeezy” on Google
Previously West claimed that his Adidas partnership alone was worth $4.3 billion, but with that gone, Ye is no longer a billionaire. People started searching for options to sell their Yeezy since Adidas announced the end of its contract with Kanye West. According to TMZ, the search for the phrase “sell Yeezy” skyrocketed on google and saw a major 581% increase on Wednesday. People are trying to figure out if it is a good idea to sell them right now. Or if their value would increase with time as they become rarer and rarer in the market.
Adidstatedout how much loss would they incur by ending the deal. According to sources, Adidas will suffer a massive loss of $246 million this year by ending the deal. Adidas released an official statement about ending the partnership. The statement said, “Ye’s recent comments and actions have been unacceptable, hateful and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect and fairness.”
Kim Kardashian’s company hit the $3.2 Billion mark as Ye lost his partnership with Adidas
SKIMS, Kim Kardashian’s cloth wear company was estimated at $1.6 Billion in April 2021. Now the company’s worth stands at almost $3.2 Billion following the capital injection received recently. According to Forbes, “Skims secured $240 million in a financing round.” According to sources, Kim Kardashian owns about 35% worth of the stak0se in the company. Since the increase in the worth of the company, Kim Kardashian has made over $600 Million from SKIMS.
As revealed by Forbes, SKIMS has turned into Kim Kardashian’s most valuable asset since receiving capital injections recently.
