Kanye West lost his billionaire title just days after Adidas parted relations with him.
However, it is anticipated to fall considerably worse.
In fact, Page Six said that the "Donda" rapper might be months away from financial ruin.
Kanye West still has a lot of money, but he also has a lot of bills and might be in problems soon if he doesn't figure out how to handle his money.
The "All Of The Lights" rapper has five streams of income, according to an individual who talked to the site.
However, four have been shuttered or severely harmed as a result of his backing for White racists and anti-Semitic comments.
Kanye has gained a lot of money in recent years owing to his massive Adidas deal, Gap agreement, music catalog, and, of course, releasing new songs and conducting shows.
Adidas, the true engine of his immense net worth, said earlier this week that they had terminated their major Yeezy footwear agreement with him and had immediately ceased payments.
Insiders claimed it would be a difficult choice to overturn because his threats against Jews and the episode in which he showed sexual movies to Adidas executives "mean they can play hardball."
They also think that Gap, which ended their two-year contract with him last month, owes him money for the Yeezy x Gap products that were sold between the conclusion of the contract and Tuesday, when they announced that they were taking the rapper's merchandise from stores due to the issue.
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When it comes to concerts, which should be the easiest money Kanye can generate and a reliable source of rapid flowing cash, he was due to perform in Los Angeles on November 4, but the venue canceled it.
He has no more gigs booked as of this writing, and venues are reluctant to hire him in light of the controversies.
Kanye West apparently has an album in the works, but no arrangement has been reached about its distribution. After all, his Def Jam contract expired just a year ago.
According to the source, the record will still offer him with some financial support, but not as much as his past releases.
"He's a many-time Grammy winner and he has such a massive following that his records go platinum instantaneously," they claimed, adding that it's tough to see anybody accepting such a no-lose contract.
This leaves his earnings, which, according to Billboard, yield roughly $5 million each year, "just enough to pay his jet's gas bill."
There was a music exchange last month, when Kanye West's team offered to sell his collection for $135 million, but no one was interested.
It is believed that he has more over $100 million in the bank, which will likely last him only a few months if he does not find measures to reduce his lifestyle.
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