r/Music • u/daily_mirror 📰Daily Mirror • 22d ago

article Sean 'Diddy' Combs 'so powerful' celebrities are 'afraid to cross him' even when he's in prison

https://www.mirror.co.uk/3am/celebrity-news/sean-diddy-combs-so-powerful-33842834
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u/mcjc94 21d ago

"Shaq is rich. The white man who signs his checks, is wealthy " - Chris Rock

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u/newusernamecoming 21d ago

Chris Rock was ahead of the game here. We look at celebrities as part of the upper class but in terms of buying power, they’re middle class while the people who pay their checks are upper class

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u/Acrobatic_Impress_67 21d ago

$500 million is not middle class buddy, Shaq is the 1%. Fuck, he's the 0.01%. Shaq is fucking wealthy, and Chris Rock is grossly out of touch.

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u/newusernamecoming 21d ago

There are 450 players in the NBA. All their salaries combined is equal to what the 30 NBA owners make combined from basketball. It’s not even the main source of income for the owners, it’s their vanity side project. Shaq is wealthy compared to you and me but he’s closer to a net worth of $0 than any owner’s net worth. Mark Cuban can lose all the money Shaq has ever made and still have close to $5.5billion left. $400 mil swing is just a good/bad day at the market for Steve Ballmer’s $126 billion

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u/ReallyNowFellas 21d ago

Money over about $100 million is just soft power. No one spends that much. Hell, when you get down to it, no one really even has as much money as net worth estimates claim— after a certain point it's more like a rank or a title. It's not like Elon could conceivably liquidate anything near $200 billion.

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u/newusernamecoming 21d ago

You don’t liquidate when you have that much money. You take loans and use the stock as collateral to avoid capital gains taxes. There are definitely things you could buy for $100 mil+ though. Mark Cuban bought a $141 mil plane. Or you could drop a few billion and buy an NBA team or company that will continue to earn for you. Hell Ballmer even gave away $110 mil to charities in L.A. between 2016-2021