According to our sources close to the situation, the sneaker giant Adidas has pulled the plug on Kanye West aka Ye sneaker deal which will cost the company an estimate of $246 million dollars in the forth quarter.

The Gap, Foot Locker, Balenciaga and the talent agency WME also dropped the rapper because of his antisemitic comments.

Forbes has now estimated that Ye net worth has diminished to only $400 million dollars because of the controversy.

Stay tune, the street are saying that Ye is making moves to find another distributor and make his own sneakers, www.whatshotinhiphop.com will keep you posted.