Master P took to Instagram to share his thoughts on the recent valuation of the Clubhouse app, which led to some frustration on his part.
He explained, “I keep telling people, we go on Clubhouse, we making another one of them a billionaire. We just did it! Just for Clubhouse. We need to create stuff like that to where we control the narrative and we’re able to put the money back in our community and our culture.”
Master P continued, “If one of us did that, we would be saying, ‘Nah, I don’t think that’s gonna work. Why would you call it Clubhouse? It’s not a club…’ We come up with all different types of excuses. Nobody cared. We all went to Clubhouse and blew this up. You know this guy went to the bank, got whatever he want. He’s gonna take that company public. We’re not thinking like that. The only way we gon’ be successful is taking these companies public. That’s the way you build wealth. We create so much wealth for them.”
This comes amid Master P’s recent announcement that he has partnered with former Tesla engineer Richard Patterson to power Tiron SuperCars. It will be the first Black-owned company of its kind and become the first Black-owned supercar manufacturer in the United States.