Kanye West recently lost his billionaire status following a big falling out with Adidas, The Gap, and Balenciaga, amongst several other companies. The whole ordeal has many revisiting their favorite celebrities’ net worth and discussing them in comparison. During an episode of The Breakfast Club, Charlamagne Tha God opened up about billionaires and why he feels like the income bracket is not as special as it used to be.
While discussing Future’s “dream” to start a family, Char and DJ Envy tried to unpack the duality of being a rap star and a family man. While Charlamagne believed that Future could not be the success he is in rap if he was more present for his children or started a new family, DJ Envy argues that Future might reach his billionaire status faster with a wife and kids.
Charlamagne argues that the status means nothing these days. “What is a billionaire? It’s just an evaluation nowadays.” Envy argues that Future is “chasing” that status and validation. Charlamagne compared being a billionaire to owning an NFT, claiming they are both very common things at this point. Envy says that that comparison is not accurate, and Charlamagne laughs, saying, “it seems like everybody billionaire. The billions can go away just that quick too. I identify as a billionaire. I dare you to tell me I’m not one.” When Envy tells him he’s not, C jokes that he is billionaire-phobic.
The bit about billions going away just as quick has been most obvious while watching Kanye West. He tanked his fortune in under a month, even bragging about losing 2 billion in a day when Adidas finally cut ties with him. It is unclear what West’s next plan is, but it has been reported that Adidas is looking to continue selling his sneaker design without the Yeezy brand and cut him out of any future profits. He has also had to halt construction on his Malibu mansion because of his dwindling funds.
Elon when he becomes the only employee at Twitter HQ pic.twitter.com/csVpQou74B— Ricardo Martinez (@RickyMar49) November 18, 2022
Another billionaire heavily in the news is Elon Musk. His recent purchase of Twitter and subsequent firing of the majority of the company have people wondering how much power is too much power. Is Charlamagne right? Are too many people becoming billionaires?