During his wide-ranging interview with Revolt’s “Drink Champs” podcast, the billionaire mogul shared his plans to make himself a publicly-traded entity on the stock exchange.
“I’ma go public,” he told N.O.R.E. and DJ EFN. “I have the biggest brand on the planet with Yeezy, with DONDA… The richest man on the planet is [LVMH CEO] Bernard Arnault. His last two employees used to work for me, so we have the biggest brand.”
He touted his influence by citing his 10-year Yeezy partnership with Gap. “We moved the Gap stock about $2 billion in like an hour, when you put my name next to it,” said Ye.
By raising a trillion dollars through an IPO, he wants to bring wealth to others. “I’ma take myself public and create a universal basic income and go public for a [trillion],” he said.
He claims that he will sell shares in himself and distribute the funds to create a “universal wealth.” “If everybody has $100,000 a year…it changes what we value,” he said.
Elsewhere during the two-and-a-half-hour conversation, Ye confirmed that he is no longer signed to Def Jam and took shots at Big Sean, Drake, and Just Blaze.