Kanye West says he lost $2 billion after antisemitic remarks

Kanye West says he lost $2 billion after antisemitic remarks

Ye faces fallout from antisemitic comments

Ye, formerly known as Kanye West, loses support, business deals as fallout from antisemitic remarks continues

03: 21

Ye returned to Instagram early Thursday morning for the first time since he made antisemitic posts that ignited a wave of backlash. The posts were made hours after the rapper, formerly known as Kanye West, was escorted out of the Skechers headquarters and amid several businesses severing their ties with the artist.

In his first post, Ye made a joking repost of a fake article titled “Ye has reportedly cut ties with Kanye West.” Ari Emmanuel, CEO of entertainment and media agency Endeavor was the second target. After Ye’s antisemitic comments, the CEO wrote an opinion piece in The Financial Times, stating that those who continue to do business and support West are giving Ye’s misguided hatred an audience.

Ye had tweeted, “I’m going death con 3 on Jewish people,” after posting a text exchange with Sean “Diddy” Combs on Instagram suggesting that Combs didn’t support Ye’s recent actions because he was being controlled by Jewish people. Both posts have been deleted.

“There should be no tolerance anywhere for West’s anti-Semitism,” Emmanuel wrote, according to Deadline. “This is a historic moment where the stakes are high. It is crucial to be open about our values and live them. Silence and inaction cannot be tolerated.”

Ye’s response to Emmanuel was captioned “love speech.”

“I lost 2 billion dollars in one day and I’m still alive,” Ye wrote. This is love speech. I still love you. God still loves and cherishes you. The money is not who you are. The people are who I am.”

Ye, formerly known as Kanye West, posted on Instagram for the first time amid of wave of backlash over his antisemitic remarks.

Kanye West/Instagram

Ye’s comments have sparked outrage, with many speaking out about the needed intolerance for antisemitism. Josh Gad, an actor best known for his roles on “Beauty and the Beast”, and “Frozen,” stated that his grandparents were Holocaust survivors and that his “people” are being attacked in a disturbing and real manner.

“I’m going to make this super clear: Kanye West is a raging fing anti-Semite,” he wrote on Instagram.

Companies have also taken a stand against the comments. This week was one of heavy financial losses for the rapper after Adidas announced it was severing its $1.5 billion deal with Ye. TJ Maxx and department stores owned by TJ Maxx announced that Ye’s apparel would no longer be sold by them. Gap also said it had stopped selling Ye’s YeezyGap clothing line after it shut down its website.

The losses have moved Ye off of Forbes’ billionaires list as his net worth has dropped to about $400 million, Forbes said Wednesday.

Li Cohen


Li Cohen is a social media producer and trending reporter for CBS News, focusing on social justice issues.

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