Kanye West reportedly will get $140 million from Adidas' Yeezy sales
Kanye West reportedly received a huge payday from Yeezy first day of sale: $25 million.
An Instagram account named @Kanyewestaurant_ claimed that more than 682,300 pairs of sneakers were sold, which reportedly translated to a $25 million payday for Kanye West.
In other reports, West is set to gain over $140 million from the sales as West owed 11 percent of each Yeezy product sold, DigitalMusicNews reports.
But, it’s pertinent to mention here that the accurate sales
figure may differ from the claim because due to unclarity that the reported
figure minus the company’s planned donations.
Previously, after
upending the relationship with polarising hip-hop star after his
antisemitism controversies.
But the company was dogged by
mountains of unsold Yeezy worth over $1 billion.
However, after
much to-and-fro, the German shoemaker decided to sell the sneakers and will
direct some profits to anti-hate groups, such as Anti-Defamation League and
the Philonise & Keeta Floyd Institute for Social Change.
Also,
Nike confided to Adidas about West's red flags; however, the latter ignored
the warnings and continued the partnership with the controversial rapper.
The
shocking revelation was unearthed by a report in Bloomberg as the polarising
rap star collaborated with Nike on his Air Yeezy, launched in 2009.
