Cuppa

2y

they are def gonna cut ties with him

Cuppa

2y

they are def gonna cut ties with him

Kenny West

2y

We are witnessing the erosion of Ye's wealth in real time. The bankers and journalists that validated Ye's billionaire status did so under the premise of hundreds of millions of dollars in revenue to his Yeezy brand from the wildly successful partnership with Adidas. Long story short, bankers basically valued his business the way all businesses are valued - at the present value of future cash flows. When you are earning $150M+ in revenue with very little costs (Adidas bears costs of manufacturing and distribution), and that's projected to grow at a reasonable clip, you can arrive at a valuation in the billions.

Without the partnership with Adidas, it's unlikely Ye will find a partner that can manufacture at scale and distribute Yeezy products without Yeezy bearing some significant costs themselves. That, coupled with significant reputation all damage and brand taint, Ye's billion dollar empire will crumble. I'm sure he has tens of millions (maybe in the hundreds of millions) in cash/other assets from the success over the last few years, but he is unlikely to maintain a billion dollar enterprise in Yeezy. It's sad, I'm a huge fan and have been since I first heard Jesus Walks in the 7th grade, but he's a grown man and is doing this to himself. (For context, I have a graduate degree in finance and work at a top will street bank, so take this for whatever it's worth).

youngtubesteak2

2y

on the bright side, more music otw

Cole2

2y

Ya you could tell he was banking on those 4 SoFi shows he was supposed to do. Prolly would’ve been a nice check

Oh well bozo

KILLA CAM 300

2y

I remember his first drink champs last year he alluded to this happening

It feels just like the Donda show when he lit himself on fire for art but it feel real now lol

IllestMotherAlive

2y

Lmfao. You guys know absolutely nothing about business and continue to talk.

IllestMotherAlive

2y

Lmfao. You guys know absolutely nothing about business and continue to talk.

IllestMotherAlive

2y

That’s cash. He said he had 130 million in cash for Chase bank. He’s valued at 4-9 billion dollars. The Yeezy Brand alone is valued at 2 billion dollars and he is the sole owner. The valuation and stock of Yeezy shoes by Adidas continues to grow daily despite all the antics. You guys are acting like Ye is going broke before our very eyes when in reality he has a lot more than just about any musician in history thanks to his brand

Kenny West

2y

Did not say he was going broke but I did say what made him a billionaire is going to be undermined if Adidas pulls the plug on their partnership. What do you know about business valuation? Have you ever done a DCF?

SeattleZ12

2y

Why is everyone having amnesia about ye been trying to get out of the adidas deal for multiple years? He was going crazy at them on IG a month ago. I don’t think he’s even done any work on the adidas line for a couple years as well.

IllestMotherAlive

2y

I’m a CPA my guy

92 BRICKS

2y

I don’t think adidas will stop selling a Yeezys, but I think they’ll stop working with Ye and just change the name of the shoes and don’t alter the designs in anyway

Jimmy Rimmy

2y

He said in that Piers Morgan interview he has 120 million in his account. Crazy thing is, I think over the last like 3-4 weeks, it went from him saying he has 150 million, then 140 million and now 120 million. Like, he’s spent 30 million in 4 weeks

Montreal

2y

Probaby 30M spent in asset management/find a bank to hold most of his liquid assets after JP Morgan Chase dropped him.

Sad Daffy

2y

Only people still supporting Ye are literally Nazis.