According to reports, the ramifications of being shunned by every partner in his business empire are going to wallop Ye very hard very soon.
A Page Six story said the shunned rapper and artist could be six months from financial catastrophe.
People who claim to be close to Ye say he has a substantial stash of cash, but his enormous expenses burn through it quickly.
The sources who talked to Page Six said he has five primary revenue streams, and four have been shut down or substantially compromised.
The checks have come in for Ye in the past few years from his now terminated massive deal with Adidas, his partnership with Gap, his music catalogue, and concerts and new music releases.
The Adidas deal is the one that is going to be hard or impossible to replace, and the company said they are halting his payments. He’s done. And his legal avenues to try to fight Adidas might not exist because he played porn for Adidas execs in a recent meeting. A shocking and pretty stupid decision.
Music stars like Ye make big money touring and performing, and someone of Ye’s stature could have filled arenas worldwide for years. But his scheduled show at SoFi Stadium in LA on November 4th has been canceled. There are no other tour stops planned.
He has a new album but no deal to distribute it. Yet. This might be one area he could count on a decent payday, simply because it’s guaranteed to sell. Here’s a quote from the Page Six story.
“He’s a many-time Grammy winner, and he has such a large following that his albums go platinum instantly.”
Royalties add up to about $5 million per year. He could try to sell his music catalogue like other stars, but there are no interested buyers right now.
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