- October 31, 2022
- Posted by: Bastion team
- Category: World News
Kanye West could be just months away from financial catastrophe, Page Six is told.
As the rapper is dropped by corporations and condemned by industry figures, sources say that while he has a large stash of cash, he also has vast expenses and could be in trouble soon if he doesn’t find a way to turn the tide.
Sources familiar with his finances say that West, 45, has five sources of income – and that four of them have been either completely shut down or badly compromised by his anti-Semitic outburst and support for white supremacists.
We’re told that in recent years, West has made money from his massive Adidas deal, his Gap deal, his music catalogue, selling new music and concerts.
Adidas — which is the real engine for his enormous wealth — already said earlier this week that, after it ended its massive Yeezy sneaker deal with him, it would immediately halt payments.
And sources say that it will be hard to fight that decision, because his threats against Jews and the incident in which he played porn to Adidas execs “mean they can play hardball,” according to an insider.
The source says that Gap, which ended its two-year-old deal with him in September, owes him some money for the YEEZYxGAP products it sold between the end of the deal and Tuesday, when it announced that it was pulling his goods…