Kanye once again at billionaire status
- Thread starter Po pimp
- Start date
Low End Derrick
Veteran
speculative valuation =/= liquidity. Putting monetary valuation on something as volatile as a trendy clothing business is a bridge to nowhere. It would take a single wrong comment from him to tank his company. Which would then drive his 'net worth' down by over half. Which means... it was never real in the first place.
If I actually have 2.6 billion in my bank, nothing I say will make me have less. What is his valuation right now if he pissed off the entire world tomorrow and no one wanted to wear his clothes or listen to his music again?
also: pocketwatching.
also also: who fukking cares.
If I actually have 2.6 billion in my bank, nothing I say will make me have less. What is his valuation right now if he pissed off the entire world tomorrow and no one wanted to wear his clothes or listen to his music again?
also: pocketwatching.
also also: who fukking cares.
Theodoresolderbreh
No Shorts No Malarkey
The Kanye Reddit says that cap https://www.reddit.com/r/Kanye/s/Sytob5chGb
Theodoresolderbreh
No Shorts No Malarkey
I can't find no other source but Kanye's post and that random company saying he is and nobody reporting those two sources. I'm sure somebody gonna have a think piece in day or so
DontEemTry
Superstar
Good for him. In these times the more black wealth there is the better.
you really never know how this shyt will turn out.
life full of suprises nshyt.
life full of suprises nshyt.
ajnapoleon
Veteran
great then he can use is wealth to help the black community
anytime its a crisis he can help
anytime its a crisis he can help
OJ Simpsom
Superstar
Black Excellence
Sir Richard Spirit
Superstar
UpAndComing
Veteran
it's not.
the illusion presented to the public by theoretical 'black billionaires' undermines us pointing out the wealth disparity. Because they'll go 'but look at Kanye/Jay/Oprah' like they are:
1) the norm, and
2) not able to access the wealth they are claimed to have.
Being honest about what is literal and real capital you have helps everyone. And stops people from living in a fantasy world of believing that America is a level playing field where anyone can succeed.
The same monopoly money valuation bullshyt is why the world thinks Elon is worth hundreds of billions when he's not. Tesla's valuation is wrong, Twitter is worth a 10th of what it was a few years ago and SpaceX can't get to low earth orbit and the nikka talmbout Mars
And the harm is these people will leverage their fictitious value against real world assets like SpaceX getting taxpayer money to continue to fail. We the people subsidize that bullshyt. And when it all falls down, they get bailed out. And we the people get fukk-all and ever-worsening infrastructure.
A few years ago Kanye was claiming he was bankrupt. In crippling debt. Now he's a multibillionaire? All while he's effectively done little to up his personal valuation and only crashed out publicly and professionally.
If you believe he's worth 2.6 billion and aren't asking 'how' right now, you're a fool.
He's pissed off basically the entire world before and still made money
it's not.
the illusion presented to the public by theoretical 'black billionaires' undermines us pointing out the wealth disparity. Because they'll go 'but look at Kanye/Jay/Oprah' like they are:
1) the norm, and
2) not able to access the wealth they are claimed to have.
Being honest about what is literal and real capital you have helps everyone. And stops people from living in a fantasy world of believing that America is a level playing field where anyone can succeed.
The same monopoly money valuation bullshyt is why the world thinks Elon is worth hundreds of billions when he's not. Tesla's valuation is wrong, Twitter is worth a 10th of what it was a few years ago and SpaceX can't get to low earth orbit and the nikka talmbout Mars
And the harm is these people will leverage their fictitious value against real world assets like SpaceX getting taxpayer money to continue to fail. We the people subsidize that bullshyt. And when it all falls down, they get bailed out. And we the people get fukk-all and ever-worsening infrastructure.
A few years ago Kanye was claiming he was bankrupt. In crippling debt. Now he's a multibillionaire? All while he's effectively done little to up his personal valuation and only crashed out publicly and professionally.
If you believe he's worth 2.6 billion and aren't asking 'how' right now, you're a fool.
After I heard camron basically say Kayne playing a character all my questions were answered
Also his whole $20 yeezy thing is genius
Also his whole $20 yeezy thing is genius