Understood but Elon’s net worth is still tied to a publicly traded company and large private companies with revenues and cash flows that are public. The celebrity net worths derive from partnerships that heavily depend on their popularity and reputations.
Black Celebrities Aren’t Really Billionaires
- Thread starter lib123
- Start date
Understood but Elon’s net worth is still tied to a publicly traded company and large private companies with revenues and cash flows that are public. The celebrity net worths derive from partnerships that heavily depend on their popularity and reputations.
OperationNumbNutts
Superstar
I see your argument but disagree. Yes most "billionaires" are really high paid employees who make money leasing their names versus owning. It's not only blacks who are sold these stories. The broke to self-made millionaire stories have been sold to everyone.
Insensitive
Superstar
No.
It's tied to their assets.
It has nothing to do with a "reputation".
That's the shyt I'm talking about.
They compile the information based on business valuation, assets owned, some things are personally disclosed and other things they gather through
their own independent investigation.
Either way, you are NOT getting a 9 figure home based off of "Reputation".
You either fukking got it or you don't, ain't nobody lending you that much money for a purchase just because you're
cool or famous.
Roger king
Superstar
Being a billonaire doesnt equate to having that amount in raw cash alot is tied into other things like stocks, investments, property etc.
IsThatBrothaMouzone?
Superstar
Yup.
"Net worth" for most famous people is a combo of real estate, big minority/majority share in a major company etc.
John Smith is worth $10 billion. How liquid is he? If he sells everything off...he might be able to wrangle together $10b, but he doesn't have anything close to that sitting in some random account. Cash poor.
I bet a lot of the athletes like Bron, Tiger etc., actually have more liquid worth than most since their $$$$ came directly from various contracts, sponsorships etc. It's straight cash instead of XYZ Inc giving them $200M in stock or some shyt.
Insensitive
Superstar
Since I was a teenager, I've seen this "Jay-Z ain't really him" argument pop up in various forms.
I still remember being a whole ass teenager on
watching dudes in their 30s and 40s that
are truck drivers and janitors say "Jay ain't got it like that".
While his networth has only grown since then
This is not a discussion worth having man.
I still remember being a whole ass teenager on
watching dudes in their 30s and 40s thatare truck drivers and janitors say "Jay ain't got it like that".
While his networth has only grown since then
This is not a discussion worth having man.
Problematic Pat
Superstar
Yeah theirs probably only a handful of people with that type of cash. I still remember this story from almost 10 years ago.
Harold Hamm's Wife Cashes $975M Check After All
The ex-wife of fracking magnate Harold Hamm has reportedly deposited the $975 million divorce settlement check that she rejected earlier this week.
abcnews.go.com
No.
It's tied to their assets.
It has nothing to do with a "reputation".
That's the shyt I'm talking about.
They compile the information based on business valuation, assets owned, some things are personally disclosed and other things they gather through
their own independent investigation.
Either way, you are NOT getting a 9 figure home based off of "Reputation".
You either fukking got it or you don't, ain't nobody lending you that much money for a purchase just because you're
cool or famous.
No you can get the nine figure house based off income. If you’re earning $60-100 million per year you can get a nine-figure house. The celebrity net worths are largely guesstimates because they’re tied to endorsements and partnerships that are valued heavily on the celebrity maintaining his or her level of popularity which is heavily dependent on maintaining a positive reputation.
Since I was a teenager, I've seen this "Jay-Z ain't really him" argument pop up in various forms.
I still remember being a whole ass teenager on
are truck drivers and janitors say "Jay ain't got it like that".
While his networth has only grown since then
This is not a discussion worth having man.
Not saying Jay Z isn’t wealthy. Just saying that Black celebrity billionaires are not in the same position as other billionaires. Jay Z himself has alluded to his vulnerability in songs such as What it Feels Like.
Who cares, so many of them lie based off of ego.
Here’s a cac from Trumps first term who was telling
about his own wealth too.
www.forbes.com
Here’s a cac from Trumps first term who was telling
about his own wealth too.
The Case Of Wilbur Ross' Phantom $2 Billion
For 13 years, Secretary of Commerce Wilbur Ross has been telling Forbes that he's a billionaire, producing numbers to bolster his point. But it seems he has been lying all along--and not just to us.
www.forbes.com
Insensitive
Superstar
No.
They check both assets and income whenever you apply for any kind of large loan, they need to know you'll
be able to cover the mortgage (which includes selling off assets to ensure that the mortgage can be hit).
They even check if you have enough for the down payment when you go to secure a loan.
Even then, if we're going off of income, that means Jay-Z's business dealings are actually profitable.
Many times business valuations are done at 3x to 6x, I don't know if his businesses are making $500million+ in sales
combined per year but it's obviously *NOT* Just music driving his financial success nor is it from any recent "high profile"
branding deals.
I feel these evaluations are not only accurate for Jay-Z or Oprah or other high visibility billionaires but I think y'all severely
underestimate this guys ability to accrue wealth and find things that cash flow.
Insensitive
Superstar
In order to have this discussion you need to own a minimum of two homes and know what a DSCR loan is or what collateralization
is or various ways to lever up for a purchase.
This dude is not renting a mega mansion, he bought it out right and fitted it out with bullet proof windows.
"Please not Jay, he's not for play!!".
If I'm coming off like a Stanley so be it, I wanna ball that hard.
is or various ways to lever up for a purchase.
This dude is not renting a mega mansion, he bought it out right and fitted it out with bullet proof windows.
"Please not Jay, he's not for play!!".
If I'm coming off like a Stanley so be it, I wanna ball that hard.
I’m not denying Jay Z has a lot worth of assets. My point is he can have a very high income and a lot worth of assets to buy a nine-figure house without necessarily being a billionaire. And Forbes was recently exposed for over inflating Kylie Jenner’s net worth and several celebrities have pointed out that their estimates have caused them problems with the IRS because they started getting audited and pursued for more taxes than they owed.
Insensitive
Superstar
Jay-Z is not Kylie Jenner.
He's a rapper who's been purchasing real estate for 30+ years man.
Bro was buying million dollar penthouses *OUT RIGHT* 20 fukking years ago.
I know *REGULAR* people who are approaching deca-millionaire status, off of a regular ass job.
Not tours that gross tens of millions of dollars.
That money, is not phantom money man.
He's a rapper who's been purchasing real estate for 30+ years man.
Bro was buying million dollar penthouses *OUT RIGHT* 20 fukking years ago.
I know *REGULAR* people who are approaching deca-millionaire status, off of a regular ass job.
Not tours that gross tens of millions of dollars.
That money, is not phantom money man.