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Finally we're seeing the extent of the damage of the Kanye controversy
In the span of a month, Kanye West has destroyed his empire
yup..YeezyGap.com redirects to gap.com
What I don't understand is, how is his wealth being calculated here? Wouldn't Kanye's wealth be a roughly monotonically increasing function , that being his income from his endorsement deals? Losing said deals would not mean he has to forfeit accumulated wealth, just that he stops making any new wealth? So either he was never worth $2 billion or this decline is somehow based on some extrapolation?
From the Forbes link, it looks like an extrapolation : https://www.forbes.com/profile/kanye-west/?sh=515edd0c56f1
That seems misleading to say someone is worth something but it's not actually realized
To add, it shows how the mere accusation of racism or antisemitism is the left's superpower. It forces the accused to go on the defense and presumes some guilt. Any nuance or misunderstanding on the accused goes out the window. You can destroy someone's reputation this way even if it was a mistake. As popular as anti-woke sentiment is on twitter ,like Rogan and Musk, it does not matter if the people who hold the levers of power are still, by in large, woke , and and you have to literally be a self-made millionaire to survive said accusations without being completely destroyed career-wise or reputationally. Someone can argue "what Kanye said was really egregious" but people have been cancelled, banned for less and it does not change the automatic presumption of guilt.
Imagine if we took West's business dealings, put them all in a company he owned 100% of, and then asked how much is the company worth? Obviously it has a value, while those contracts are dependent on West's personal brand, they have expected future cash flows that can theoretically be sold. If West had wanted to, he could have realized a portion of those earnings in advance by selling the right to those future cash flows, at a discount obviously, likely with a contract forbidding him from saying precisely this sort of shit about Jews. He never literally had two billion dollars, but he had tangible assets that would have almost certainly yielded more than two billion dollars over their lifetimes in a hypothetical world where he had not blown them up, which someone might theoretically have paid around 2 billion dollars for.
Yes, and his personal brand and reputation would certainly allow him to negotiate future deals in an advantageous fashion.
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