Wealthoran

Entrepreneur

[Wealthoran @Wealthoran]

@Bullmindes That’s the hardest part of it. Nobody really did anything illegal, and somebody still got left behind.

[Wealthoran @Wealthoran]

Jay-Z: $2.5 billion. Dame Dash's third of Roc-A-Fella: auctioned for $1 million. Dame says it ended at one dinner, with one sentence from Jay.

He says he'd heard it from L.A. Reid: Jay would take the Def Jam president job, but Dame and Biggs couldn't come with him. Dame didn't believe it. At dinner, he says, Jay told him: "As long as you're around, I can't be looked at as a businessman."

The facts: Jay-Z, Dame Dash and Biggs Burke started Roc-A-Fella in 1995. In 2004 Def Jam bought the rest and made Jay its president. In 2024, Dame's one-third stake went to New York State for $1 million, over $1.7 million in back taxes.

Dame, in the video: "It was more friendship for me and money for him."

The case for Dame: he says every label turned Jay down until they built their own. He ran the business. He thought partners stay partners.
The case for Jay: the songs and the voice were his. He wanted to grow as a businessman. Nobody signs a friendship for life.

In the video below, Dame describes that dinner.

If your best friend outgrows your business, does he owe you a seat?

[Wealthoran @Wealthoran]

@justlunacy Probably both. Honest about business, and still a hard thing to hear from your best friend.

[Wealthoran @Wealthoran]

@Duskrave And Dame says that dinner is the one moment he’d replay forever.

[Wealthoran @Wealthoran]

@Bullmindes Rappers inventing a street past for credibility, or a real story the court records just missed? Which one do you think this is?

[Wealthoran @Wealthoran]

@justlunacy Nobody talks about the studio time, videos, promo and tour support that came out of that $75M first. The label took the risk. They signed the deal.

[Wealthoran @Wealthoran]

Yahoo offered Mark Zuckerberg $1 billion for Facebook. He said no. Six years later, Facebook went public at $104 billion. His management team didn't wait. They quit.

Summer 2006. Facebook was two years old, with 10 million users, mostly students. Then Yahoo came in with "this really meaningful offer," he says. A billion dollars.

Peter Thiel later said he and Jim Breyer "on balance thought we probably should take the money." Zuckerberg and co-founder Dustin Moskovitz decided to keep going.

Within about a year, he says, the whole management team was gone.

He gets it: "Being able to sell a company for a billion dollars after a couple of years, that was like a home run."

The case for the team: they joined a startup, not a mission. A billion after two years was life-changing money for an unproven bet.

The case for Zuckerberg: he built it and saw what it could become. He admits he never explained the mission, but the bet paid off a hundred times over.

In the video below, he explains why saying no wasn't the painful part.

If your boss turns down a deal that would make you rich, are you right to quit?

[Wealthoran @Wealthoran]

Sam Altman's OpenAI was about to sell shares at an $86 billion valuation. Then, on a Friday afternoon, his own board fired him. Their reason: he was "not consistently candid."

Altman says he couldn't get answers. So he told himself "the board gets to do this," and by Friday night he was planning his next company.

Saturday morning, two board members called. Could they talk about him coming back? Sunday evening, while he waited to return, the board named a new interim CEO. "That was the low point of the whole thing," he says.

Then nearly all of OpenAI's 700+ employees signed a letter: bring him back or we walk to Microsoft. On Tuesday, the board agreed to his return.

The case for the board: a nonprofit board answers to the mission, not to the valuation. If they believed the CEO wasn't being straight with them, removing him was their job.

The case for Altman: no clear explanation, a company nearly destroyed in a weekend, and a staff that almost unanimously backed him.

In the video below, Altman walks through that weekend, hour by hour.

Should a board be able to fire the CEO of an $86 billion company overnight?

[Wealthoran @Wealthoran]

@quazinov Walking away with $10M after signing a prenup is honestly a win for his lawyers

[Wealthoran @Wealthoran]

Bill Gates plans to give away about $200 billion by 2045. His own kids, he says, got less than 1% of his wealth.

The question came on an Indian podcast: many parents there believe it's their duty to save everything for their kids. Gates, arms crossed, answered: "I decided it wouldn't be a favor to them."

In May 2025 he made it official: virtually all of his fortune goes out through the Gates Foundation, which will then shut down. "It's not a dynasty," he says. "I'm not asking them to run Microsoft."

The case for Gates: his kids got "a great upbringing and education." Less than 1% of a fortune that size is still more than most families will ever see. He wants them to have their own success, not live in the shadow of his "incredible luck."

The case for leaving it to family: most parents work so their children start ahead. Billions to strangers and under 1% to your own family is a choice most families would never make.

In the video below, Gates explains why he made that choice.

If you made billions, would you leave most of it to your kids?

[Wealthoran @Wealthoran]

Elon Musk says OpenAI was his idea, and he put in about $38 million. A jury ruled he waited too long to complain.

February 2025, Joe Rogan's studio. Rogan asks about OpenAI. Musk: "The whole idea of creating OpenAI was my idea. I named it." Then: "Now it is closed source and for maximum profit."

OpenAI started as a nonprofit. In 2024 Musk sued, seeking up to $134 billion.

OpenAI's lawyers told the jury Musk had proposed a for-profit structure himself, as long as he was in control. In May 2026 a federal jury ruled he waited too long to sue. Musk says he will appeal.

His comparison: "Let's say you donated some money to preserve some portion of the Amazon rainforest. And instead of doing that, they chopped down the trees and sold it for lumber."

The case for Musk: he paid for a nonprofit, not for someone else's company.

The case for OpenAI: building AI costs billions. OpenAI says Musk wanted the same thing, with himself in charge.

In the video below, Musk explains what he says OpenAI did with his money.

Should Musk get his $38 million back?

[Baby Mumba | Base @BabyMumba_Base]

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[Wealthoran @Wealthoran]

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[Baby Mumba | Base @BabyMumba_Base]

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[Wealthoran @Wealthoran]

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[Baby Mumba | Base @BabyMumba_Base]

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[Wealthoran @Wealthoran]

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[Baby Mumba | Base @BabyMumba_Base]

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[Wealthoran @Wealthoran]

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[Baby Mumba | Base @BabyMumba_Base]

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