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Kanye West Would've Made $2 Billion Before Downfall: 7 Claims From Tim Pool Chat

Newsweek 11/29/2022 Ryan Smith
Kanye West is pictured left on October 02, 2022, in Paris, France. He is pictured inset on October 21, 2022, in Los Angeles, California. The musician and fashion designer made a host of claims when he appeared on Tim Pool's podcast on Monday. © Stephane Cardinale - Corbis/Corbis via Getty Images;/Rachpoot/Bauer-Griffin/GC Images Kanye West is pictured left on October 02, 2022, in Paris, France. He is pictured inset on October 21, 2022, in Los Angeles, California. The musician and fashion designer made a host of claims when he appeared on Tim Pool's podcast on Monday.

Kanye West has claimed that he was on course to earn $2 billion over the next four years, before his stream of antisemitic comments led to businesses cutting ties with him.

West, 45, has been caught in a seemingly endless scandal since the start of October, when he wore a shirt emblazoned with the words "White Lives Matter," a slogan commonly used by white supremacists, as well as general opponents of the Black Lives Matter movement.

In response to the backlash, the musician and fashion designer, who has legally changed his name to Ye, made antisemitic comments on social media and in subsequent interviews, leading several businesses to cut ties with him.

When Balenciaga and Gap walked away from deals with West, Adidas, with whom he made his popular Yeezy shoes, also severed ties. Amid public criticism from the rapper, the sports apparel giant had been reviewing its relationship with West before his antisemitic comments.

Forbes reported that the end of the business relationship caused West's net worth to plummet from $2 billion to $400 million.

During an appearance on Tim Pool's podcast Timcast, which was livestreamed on YouTube on Monday, West dug into his finances further, claiming that he was on course to earn billions through business deals before his downfall.

Newsweek has looked at this and six other claims West made during the interview.

Ye Claims He Would Have Earned $2 Billion

During the interview, West spoke about the money he allegedly stood to earn had he remained in good stead with his business partners.

"The contract for the next four years, if I hadn't done anything, would've been $500 million a year for four years," said West, who has four children with ex-wife Kim Kardashian. "What I was fighting for was the IP so my children could..."

Before completing his thoughts on the matter, West drifted off, explaining that "I think of seven thoughts at one time."

Ye Explains How He Met Nick Fuentes

West appeared on the show alongside white supremacist Nick Fuentes and conservative provocateur Milo Yiannopoulos, who is working with the musician and fashion designer on his 2024 presidential campaign.

When asked how their relationships came to be, West explained: "I'd been pulling together a campaign, and after I put up the [antisemitic] tweet, a bunch of people that had been canceled like Alex Jones...

"I started getting [in] contact with other people that were now on the inside of the matrix. Alex Jones' producer said that Milo wanted to contact me, and here we are."

Yiannopoulos then said that he suggested they bring in Fuentes as the "enormous extra brain firepower that he is. Most extraordinarily brilliant political commentator of his generation."

Donald Trump has been criticized after it was revealed that the former president hosted West and Fuentes last Tuesday at his Mar-a-Lago resort in Palm Springs, Florida.

Ye Says He Was About to Buy His Own Bank

West also spoke about major bank JPMorgan cutting ties with him, a move that Newsweek learned came about after the star's stream of social-media posts about the institution and its executives.

The Atlanta-born star accused Adidas of thwarting his chances of going through with the transaction when they allegedly hit him with a sizable marketing bill.

He said during the podcast that he informed JPMorgan executives that he had "been trying to buy my own bank for the longest. And then we figured out how to get my own bank. It's like $50 million, $75 million.

"So I'm about to buy my own bank," West added, "but then as they're about to take the money out, here comes Adidas with a $275 million bill for marketing funds that they agreed upon. Because I said to them, 'Hey, I'm the marketing—give me the marketing funds.'"

Ye Says Money Loss Qualifies Him for President

After running unsuccessfully to become president of the U.S. in 2020, West has revealed that he wants to make another bid for the White House in 2024.

During the podcast, West, a die-hard supporter of Trump, spoke about how the financial fallout from his statements and actions qualifies him to run the country.

"I lost money for the freedom of speech, and that's what makes me the only American we know that really deserves to run the country," West said. "Because everyone else—your boy [Ron] DeSantis, Trump, whoever they raised in a petri dish over on the Democrats side, is going to play the game."

Ye Says His Losses Were God's Plan

The "Jesus Walks" rapper shared his belief that losing money has left him free to be used as a "vessel" for God.

Speaking of the losses he has endured in October and November, West said: "It's like God is saying, 'You know, your children are gonna be OK. Baby mama's got money, right?'

"God is using me. He's breaking me down, removing all of the richest person [labels], all of this, so I can serve him. And the more and more those things are taken away from me, the more I can be empty and be a vessel and be able to be used."

Ye Compares Himself to Martin Luther King

West said that the backlash he has faced made him switch from believing he has less in common with Black empowerment advocate Malcolm X to civil-rights icon Martin Luther King. Both men were assassinated in the 1960s.

"I thought I was more Malcolm X, but I found out I'm more MLK, because I'm getting hosed down every day by the press and financially. I'm just standing there.

"When I found out that they tried to put me in jail, it was like a dog was biting my arm. I almost shed a tear—almost," West added.

Throughout his interview, which ended with West storming off after being pressed about his antisemitic comments, the star repeatedly referred to an unspecified "they," whom he claimed had tried to have him imprisoned.

Ye Calls 'Vogue' Editor a 'CIA Agent'

West appeared to revisit his war of words with global Vogue contributing editor Gabriella Karefa-Johnson during the interview, when he claimed she was "some kind of CIA agent."

Karefa-Johnson was at West's Paris Fashion Week show in October, where models were seen sporting the "White Lives Matter" T-shirts. She later wrote in an Instagram Story post that the runway stunt was "incredibly irresponsible" and "pure violence."

Hitting back, West took to his own Instagram account to insult Karefa-Johnson's sense of style.

Speaking about the spats he was involved in during a calamitous October, West said he also had to deal with "this little bit of noise from, you know, Zionism from the fashion world, where they used this plant named Gabby, who is obviously some kind of CIA agent and knows nothing about fashion.

"This is a certain thing: when someone can't dress, you know that they're not like a fashion person. They're just there as like... like the control that they try to use with celebrities, which has now been broken."

Newsweek has reached out to representatives of Karefa-Johnson and Adidas for comment.

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