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November 19, 20258 min read

He Built a $2 Billion Empire With Adidas—Then Lost It All in 48 Hours After Saying 'I Like Hitler' and Going on Antisemitic Rants

From Yeezy billionaire to canceled by every brand, banned from social media, and losing $1.5 billion—the complete meltdown featuring White Lives Matter, Alex Jones, Hitler praise, and total self-destruction.

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February 2022: Worth $2 billion, Yeezy deal with Adidas printing money.

October 3, 2022: Wore "White Lives Matter" shirt at Paris Fashion Week.

October 9, 2022: Twitter: "I'm going death con 3 on JEWISH PEOPLE."

October 25, 2022: Adidas terminates Yeezy deal, loses $1.5 billion overnight.

December 1, 2022: Told Alex Jones "I like Hitler."

2024: Net worth $400 million (down from $2B), essentially blacklisted.

This is how Kanye West destroyed a $2 billion empire in 8 weeks—through the most public meltdown in celebrity history.

The Genius Era (1977-2021)

Born June 8, 1977

Birthplace: Atlanta, Georgia

Raised: Chicago

Mother: Donda West (English professor)

Father: Ray West (photojournalist, later Christian counselor)

Childhood: Middle-class, stable

Early talent: Music production

The Producer (2000-2004)

Breakthrough: Producing for Jay-Z's Blueprint (2001)

Hits produced: "Izzo," "Takeover"

Style: Sped-up soul samples

Innovation: Changed hip-hop production

Problem: Wanted to rap, not just produce

Labels: Rejected him as rapper

The College Dropout (2004)

Released: February 10, 2004

Singles: "Through the Wire," "Jesus Walks," "All Falls Down"

Innovation: Backpack rap, conscious lyrics

Commercial: 4x Platinum

Critical: Universal acclaim

Grammy: Best Rap Album

Age: 26

Status: Hip-hop's new voice

The Peak Years (2005-2016)

Albums:

  • Late Registration (2005) - 3x Platinum
  • Graduation (2007) - 5x Platinum
  • 808s & Heartbreak (2008) - Influential
  • My Beautiful Dark Twisted Fantasy (2010) - Masterpiece
  • Yeezus (2013) - Experimental
  • The Life of Pablo (2016) - Streaming era

Grammys: 24 wins

Sales: 160+ million records

Influence: Changed music multiple times

Status: Generational genius

The Yeezy Empire (2009-2022)

Nike Deal (2009)

Sneaker: Air Yeezy

Release: Limited

Resale: Thousands

Problem: Nike didn't pay royalties

His complaint: "I'm a creative, not just endorser"

2013: Left Nike

Adidas Partnership (2013)

Signed: December 2013

Deal structure: Royalty-based (unprecedented)

His cut: 15% of wholesale revenue

Why revolutionary: Athletes get endorsements, he got ownership stake

Launch: February 2015

Yeezy Success

Yeezy Boost 350 (2015):

  • Retail: $200
  • Resale: $1,000+
  • Demand: Insane

Annual revenue:

  • 2019: $1.3 billion
  • 2020: $1.7 billion
  • 2021: $2 billion

His cut: $250+ million per year

Status by 2021: Billionaire (Forbes confirmed)

Net worth peak: $2 billion (2022)

Gap Deal (2020)

Signed: June 2020

10-year deal: Yeezy Gap line

Projection: $1 billion annually

Launch: 2021

Problem: Creative differences from start

The Fashion Ambitions

Paris shows: Regular

LVMH meetings: Wanted luxury partnership

Ego: "I'm the Steve Jobs of fashion"

Reception: Mixed (fashion world skeptical)

Reality: Yeezy was successful, but not high fashion

The Unraveling Begins (2016-2021)

November 2016: Sacramento Rant

Tour: Saint Pablo Tour

Incident: 17-minute rant on stage

Topics:

  • Beyoncé manipulated Grammys
  • Jay-Z has killers
  • Wanted to vote for Trump

Then: Walked off after 3 songs

Result: Canceled rest of tour

Next day: Hospitalized for psychiatric emergency

Diagnosis: Bipolar disorder (later confirmed)

The Trump Era (2018)

May 2018: "I love Trump"

Wore: MAGA hat

Oval Office meeting: October 2018

The speech: 10-minute rambling monologue to Trump

Public reaction: Confusion, anger

Black community: Felt betrayed

His explanation: "Free thinking"

The Sunday Service Era (2019)

Started: January 2019

Concept: Gospel concerts at his house

Frequency: Weekly

Attendance: Invitation only

Vibe: Cult-like

His state: "Found Jesus"

Music: Gospel album Jesus Is King

The Presidential Run (2020)

Announced: July 4, 2020

Platform: Incoherent

Campaign rally: One (South Carolina)

The speech:

  • Crying about almost aborting daughter
  • Rambling about Harriet Tubman

Result: Got 60,000 votes nationally

Impact: None politically, damaged reputation

The Divorce (2021-2022)

Kim filed: February 2021

Marriage duration: 7 years

Children: 4

Settlement: $200,000/month child support

His behavior: Harassed her publicly

Social media: Posted about Pete Davidson (her boyfriend)

Behavior: Increasingly erratic

The 8-Week Implosion (October-December 2022)

October 3, 2022: Paris Fashion Week

Show: Yeezy Season 9

The shirt: "White Lives Matter" on back

His explanation: "It's funny"

Candace Owens: Wore matching shirt

Reaction: Immediate outrage

Black community: "What is he doing?"

His response: Doubled down

October 6-9, 2022: The Instagram Rants

Target: Diddy, others

Claims: "Jews control the media"

Post (Oct 8): Screenshot of text with Diddy, antisemitic

October 9 Twitter: "I'm going death con 3 on JEWISH PEOPLE"

Meant: DEFCON (nuclear alert level)

Context: Claimed Jewish people control everything

Reaction: Locked out of Instagram and Twitter

October 10-15, 2022: The Interview Circuit

Appeared on: Podcasts, interviews

Message: Doubled down on antisemitism

Claims:

  • Jewish media cabal
  • George Floyd didn't die from knee
  • Planned Parenthood genocide

Interviewer pushback: None (initially)

Publicity: Massive, all negative

October 16, 2022: Drink Champs Interview

Platform: Popular hip-hop podcast

Duration: 3+ hours

Content:

  • More antisemitic conspiracy theories
  • Claimed George Soros wasn't real
  • Jewish people control everything

Public response: Horror

Jewish community: Demanded action

October 17-24, 2022: The Brand Exodus Begins

October 17: Balenciaga cuts ties

October 18: Vogue says won't work with him

October 21: Talent agency CAA drops him

October 24: Gap terminates Yeezy Gap deal

The dominos: Falling

October 25, 2022: Adidas Terminates

Announcement: "Adidas does not tolerate antisemitism"

Terminated: Yeezy deal immediately

Effective: Lost 15% royalty on $2 billion brand

His annual income: $250M → $0

Net worth drop: $2 billion → $400 million overnight

The calculation: Lost $1.5 billion in one day

November 2022: Continued Meltdown

Banned from: Instagram, Twitter

Lost deals:

  • Adidas: $1.5B value
  • Gap: $1B potential
  • Balenciaga: $10M+
  • Documentary: $100M (MRC canceled)

Total estimated loss: $2+ billion

December 1, 2022: Alex Jones Interview

Show: InfoWars

The worst moment: "I like Hitler"

Exact quote: "I see good things about Hitler... every human being has something of value that they brought to the table, especially Hitler"

Alex Jones: Tried to walk him back (ALEX JONES!)

Kanye: Kept going

Also said: "I love Nazis"

The low point: Praising Hitler to conspiracy theorist

Public response: Complete horror

The Complete Blacklist (2023-2024)

What He Lost

Adidas deal: $250M/year

Gap deal: Projected $150M/year

Other endorsements: $50M/year

Total annual income lost: $450+ million

Net worth:

  • Peak (2022): $2 billion
  • Current (2024): $400 million

Percentage lost: 80% of wealth

Industry Exile

Music platforms: Didn't ban, but no promotion

Fashion: Completely blacklisted

Brands: Won't touch him

Collaborators: Distanced

Former friends: Cut ties

Status: Pariah

Attempted Comebacks

2023 album: Vultures

Release strategy: Independent

Sales: Fraction of previous

Quality: Criticized

Features: Struggling artists only

Impact: Minimal

Current State (2024)

Living: Reportedly erratic

Social media: Banned from major platforms

New ventures: Launched Yeezy porn division (seriously)

Partnership attempts: All rejected

Reputation: Destroyed

Age: 47

What Destroyed Him

The Unmedicated Bipolar

Diagnosis: Bipolar disorder

Medication: Refused to take

Quote: "Pills make me not creative"

Reality: Mania led to delusions

Support system: Enabled him

Mental health: Untreated, worsening

The Yes-Men

Inner circle: No one said no

Consequences: None until too late

Feedback: Only positive

Reality checks: None

The bubble: Complete

The Messiah Complex

Believed: He was chosen by God

Compared himself to: Jesus, Steve Jobs, Picasso

Couldn't be wrong: Everything was "vision"

Criticism: "Haters don't understand"

The delusion: Complete

The Platform

Social media: Gave him direct audience

Interviews: Said yes to everyone

Fact-checking: None

Consequences: Delayed but severe

The rope: Hanged himself with it

The Jewish Community Response

ADL Statement

Anti-Defamation League: Condemned

Education offer: Tried to meet, educate

His response: Refused

Community: United against him

Holocaust Survivors

Statements: Horrified

Historical context: Reminded of Nazi rhetoric

Impact: Gave ammunition to actual antisemites

The harm: Measurable, real

Actual Consequences

Antisemitic incidents: Spiked after his comments

Hate groups: Celebrated his statements

Banner: "Kanye is right about the Jews" hung over freeway

The damage: Beyond just his career

From $2 Billion to $400 Million

February 2022: $2 billion net worth, Yeezy empire

October 3, 2022: White Lives Matter shirt

October 9, 2022: Death con 3 tweet

October 25, 2022: Adidas deal terminated

December 1, 2022: "I like Hitler"

2024: $400 million (80% loss), industry pariah

Time span: 8 weeks from billionaire to canceled

The Lesson

You can be:

  • Generational musical genius
  • Billionaire
  • Cultural icon
  • Fashion mogul

But:

If you praise Hitler, you lose everything.

If you spread antisemitism, brands drop you.

If you refuse mental health treatment, mania destroys you.

If you surround yourself with yes-men, no one stops you.

Kanye West had:

  • $2 billion
  • 24 Grammys
  • Yeezy empire
  • Cultural influence

Kanye West lost it by:

  • Going on antisemitic rants
  • Refusing to apologize
  • Praising Hitler
  • Being completely unmedicated

The fastest billionaire-to-pariah fall in history.

8 weeks.

$1.5 billion lost.

All self-inflicted.

That's the Kanye West meltdown.

A cautionary tale about untreated mental illness, unchecked ego, and why praising Hitler ends your career.

No matter how talented you are.