Kanye West Going Broke Already? Kim Kardashian's Ex Reportedly Not Backing Down As Adidas, JP Morgan, Other Sponsors Cancel Megabucks Deals

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Kanye West is digging in his heels and refusing to back down over his shocking anti-Semitic rants online, even though his business partners are running for the hills, a new report claimed.

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Kanye West Defiant As Kingdom Crumbles?

Sources told Globe Magazine, in its latest edition, that Kanye West would not back down as sponsors cancel megabucks deals over shocking rants. An unnamed insider told the entertainment news outlet:

“For Kanye, this backlash just supports the belief he’s held for most of his entire life – he’s this misunderstood genius whose critics aren’t able to follow or appreciate his supreme intellect. He has always referred to himself as this modern-day Picasso and, even when the chips are down, there’s not a shred of self-doubt that he’ll become even more powerful and wealthier than ever!”

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However, the sponsors of Kim Kardashian’s ex-husband obviously do not agree. Now, Kanye West’s billion-dollar music and fashion empires are said to be eroding.

Most, if not all, fans can recall that Adidas dropped Kanye West like a funky sneaker, calling the “Praise God” rapper like a funky sneaker, calling his incendiary comments about Jews “unacceptable, hateful and dangerous.” The popular shoe company kicked Kim Kardashian’s former lover to the curb even though the company stands to lose $250 million.

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The lucrative partnership of Kanye West with Balenciaga and Gap also fizzled out. Even his talent agency, CAA, and JPMorgan Chase cut ties with the 45-year-old gasbag. Kim Kardashian also stated that she “stands together with the Jewish community.”

Kanye West Likely To Lose Billionaire Status?

Financial experts, as per Globe Magazine, believe that Kanye West is in danger of losing his billionaire status after he lost Adidas. Tipsters insist he would not budge, despite Twitter and Instagram restricting the father of four’s accounts after his foul frothing.

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The informant spill:

“Even if he eventually decides to apologize for the anti-Semitism – and that’s something he really doesn’t feel he should have to do – he’s going to remain defiant. He still has a whole lot of yes folks around him who feed his ego and tell him he’s this modern-day saint – and that just strokes his ego even more!”

Kanye West has yet to comment on the claims that he would not back down as sponsors cancel megabucks deals over shocking rants. So, avid followers of Kim Kardashian’s former husband should take all these unverified reports lightly until everything is proven true and correct.

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