Master P reacts to ClubHouse $1 billion valuation

Legendary rapper and business mogul, Master P is known for his flair for business and business opportunities. He is the mastermind behind No Limit Records, Rap Snacks, and a partner with supercars manufacturing company Trion, to mention a few.

After the ClubHouse app was said to be valued at $1 billion, Master P said a few words concerning it.

“I keep telling people, we go on ClubHouse, we making another one of then a billionaire,” he said in a video posted on Instagram. “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.”

ClubHouse is an audio app available on iPhone, and is currently in beta. Although it is an invite-only platform, the numbers of its users are rising dramatically. ClubHouse recently earned a $1 billion investment interest because of its high celebrity engagement, featuring rappers like Meek Mill and 21 Savage, which Master P believes should lend their voice to help grow Black businesses.

“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,” Master P said. “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.”

Master P is more determined to step up his business game and shows no signs of backing down. He recently showed interest in buying footwear company, Reebok, as he plans to turn the shoe brand into a lifestyle brand. He is currently partnering with Tesla former engineer Richard Patterson to make the next generation Black-owned supercars.