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How much royalty does Kanye get from Adidas?
Kanye began working with Adidas in 2013. His Yeezy sneakers with the company continue to be bestsellers. Annual revenue from the footwear line grew 31% last year to almost $1.7 billion. West retains 100% ownership of Yeezy and earns 15% in royalties on sales of his Adidas sneakers.
How much is Kanye West deal with Adidas?
West and Adidas announced the two would partner in 2013, in a deal reportedly worth $10 million at the time. Bloomberg reported Yeezy has a valuation of $3.2 billion to $4.7 billion, per investment bank UBS, due to the lucrative partnerships with Gap and Adidas.
Is Kim owner of Yeezy?
Aside from her own business ventures, Kim reportedly became part owner of the Yeezy clothing and sneaker brand in late 2018.
Does Adidas pay Kanye West?
The line complements Yeezy’s other major apparel deal with adidas. The jacket is the first release of a 10-year partnership between Gap and Yeezy. West’s brand is expected to receive royalties and possibly equity under the deal. Swiss bank UBS estimated Yeezy’s brand value between $3.2 billion to $4.7 billion.
Why does Kim still wear Yeezy?
After joking that she’s divorcing Kanye West because of his personality on an episode of Saturday Night Live, Kim seemingly decided to keep his sneakers in her closet because on her date with Pete, she wore Yeezy 700 shoes.
Do the Kardashians still wear Yeezys?
So Kim may be Kanye-free but she’s clearly still taking his fashion tips. She did thank Kanye for turning her on to Balenciaga, after all. But Kim did put the YEEZYs up for a spell in public, at least, last wearing them when she was first spotted with Pete in late 2021.
How much percent does Kim Kardashian own Yeezy?
In 2018, Kardashian West told Ashley Graham on her “Pretty Big Deal” podcast that she was given partial ownership of Yeezy. However, in February, Forbes reported that West owns 100% of the company.