Country music singer John Rich has set his critical sights on billionaire Mark Cuban.
Musician Rich is outspoken on social media, especially regarding his political views. Most recently, he took aim at the business owner who is worth $5.7 billion and had made comments about the economy on X, formerly Twitter.
“A sign of wide spread confidence in the economy. If only this administration could market itself worth a damn,” Cuban wrote on a repost of a stock-market chart that showed an uptick for retail investors.
A retail investor is a nonprofessional stock trader who “buys and sells securities or funds that contain a basket of securities such as mutual funds and exchange traded funds (ETFs),” according to Investopedia.
However, Rich was having none of Cuban’s opinions and accused him of being out of touch with the everyday person.
“.@mcuban hasn’t bought his own groceries or pumped his own gas in decades. Only people that out of touch make statements like this,” Rich posted to his own X account. Newsweek contacted Cuban and Rich by email for comment.
Cuban did not hesitate to clap back at Rich, telling the country music star that he knew nothing about him.
“Lol [Laugh out loud]. You have no clue. You don’t know s*** about me. And you obviously don’t know what a retail investor is. Do you know that stock ownership among individuals is at a record high ? (Gallup 2023) Much higher in 2023 then it was pre Covid. Why do you think that is?” Cuban wrote in a reply to Rich.
Photo by Jason Kempin/Getty Images, Tim Heitman/Getty Images
Both men then sparred with people in the replies to Rich’s post. The singer wrote: “No amount of money can replace the integrity and sense of accomplishment that comes with doing hard work,” after one fan complimented him for shoveling his own drive.
Another person wrote that, while the number of retail investors has increased, they still represented a small percentage of the overall traders.
“Once again I will remind you, the bottom 90% of Americans own 10% of the stocks. You can’t force the average American to care about stocks as much as you, no matter how much you try,” wrote @AverageSteveS.
Cuban himself recently seemed to take aim at former President Donald Trump over not revealing how much he pays in taxes.
“I pay what I owe. Tomorrow I will wire transfer to the IRS $288,000,000.00. This country has done so much for me, I’m proud to pay my taxes every single year. Tag a former president that you know doesn’t,” Cuban wrote on X in April.
Uncommon Knowledge
Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.
Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.
