Losing the Adidas deal has knocked Kanye West off Forbes’ billionaires’ list
(Picture: Jonathan Leibson/Getty Images for Adidas)Kim Kardashian and Kanye West have reached a settlement in their divorce, according to court documents filed in Los Angeles.
West, who has legally changed his name to Ye, will pay Kardashian $200,000 (£166,000) a month in child support and they will split the cost of their children’s private security, private schooling and university. West and Kardashian will have joint custody of their four children.
Neither will pay the other spousal support, and they will pay their own debts. The two had a prenuptial agreement and kept their property largely separate.
The couple married eight years ago at a Renaissance fort in the Italian city of Florence in 2014. Kardashian filed for divorce almost a year ago.
The costs of the divorce may come as a blow to West, who finances have taken a big hit in recent months due to the controversy surrounding the rapper’s anti-semitic remarks.
West has further courted controversy in recent weeks by having dinner with Donald Trump and white nationalist Nick Fuentes and wearing a White Lives Matter T-shirt.
In October this year Adidas cut ties with West, and the rapper has also lost deals with a number of companies including Gap, CAA, Balenciaga and Vogue.
Losing the Adidas deal has so far been the biggest blow to West’s net worth, knocking him off Forbes’s billionaire list.
What is Kanye West’s net worth?
Before losing the Adidas deal, West’s net worth was £2 billion. He was ranked 1,513 on Forbes’s billionaires’s list and was the fifth-highest-paid entertainer in 2022.
At the end of October, Forbes revised its estimate of his net worth to £332 million, and removed him from its billionaires list.
The rapper’s net worth is now made up of real estate, his music catalogue, a 5 per cent stake in Kim Kardashian’s Skims shapewear line, plus cash.
As of February last year, West and Kardashian held $70 million in joint assets including multiple homes, pieces of art, vehicles, jewellery and even livestock. The status of these assets is unclear.
