Lil Wayne Talks Reported Networth:

Lil Wayne recently sat in as a featured guest on Culture Millennials, addressing many current topics. His net worth was among the topics he addressed, as it is reported on the web. According to Lil Wayne, people must think twice about what they see online. In Wayne’s words,

“I don’t have a cent close to that s***.”

Is it Smoke and Mirrors?

A simple comparison of multiple sites covering the same topic can yield hundreds of different perspectives. It’s almost a no-brainer for most that you can’t believe everything you see. It is the reality of living in a society that is flooded with so much information. Unfortunately, an even greater issue is the tendency of people to run with the first piece of information they come across. It is so easy to lean on slant. So, when someone can bring clarity to a topic wherein they are the focus, it enables people to regain perspective. This is what Lil Wayne did today. As clarity reduces the possibility that others will misinterpret findings.

Net worth and Hip-hop

When considering an artist’s status, one of the most frequently discussed topics is their net worth, which is often used to determine their success. Those who dominate the headlines regarding net worth and status in the hip-hop community are Kanye West, P. Diddy, Jay-Z, 50 Cent, and Master P. Invariably; this is how outsiders measure these artists’ worth in the industry: through a volleying of the ideologies of wealth, success, and enterprise.

Hip Hop Heavy Hitters

Many articles have recently examined how hip-hop moguls’ net worth has risen and fallen. Jay-Z recently made headlines for entering new strata based on his net worth, putting him in line as one of the wealthiest people on the planet. While Kayne reportedly fell from his position in the ranking because of many events in his life. It has caused many to ask how? How can so much wealth be lost and gained overnight, and how can so much be gained? It makes one wonder if the information is accurate.

Lil Wayne Gets Real

Lil Wayne has clarified that people cannot believe everything they come across. Why? Besides the obvious reasons, realistically, net worth does not equivocate to cash on hand. As Wayne says in his interviews,

“When you go check a Muthaf****’ s net worth, that s*** be saying some crazy numbers, I don’t have a cent close to that s***”

For sure, such a statement may leave many shaking their heads and questioning, but how?

Wayne Highlights the Importance of Fiscal Knowledge

This is something that is best answered by a course in financial literacy. However, a person’s net worth includes all their assets, and not all of those assets are liquid. That means they cannot be easily converted into cash. As the Cambridge Dictionary notes,

“liquidity refers to the fact of being available as money rather than investments or property or of being able to be changed into money easily.

While a person may have an astronomical net worth on paper, it doesn’t mean they are highly liquid. Wayne explained,

“Yeah, I don’t have that, but I guess they be meaning that’s what I’m worth?”

That is true. And that is misleading for many people.

Conclusion

Because so many are prone to assuming everything at face value, greater knowledge impartation is necessary. For a society to grow, knowledge must be revealed and applied. Those who listened to Wayne on Culture of Millennials, if attentive, learned something new. Although clarifying what is valid and what isn’t is unnecessary, it helps others become more cognizant of what they choose to believe in the future.

Written By; Renae Richardson