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Luxury fashion aficionado Chamath Palihapitiya is getting roasted for saying possessions are 'worthless'

Summary by Business Insider
Chamath Palihapitiya is the founder and CEO of Social Capital, a venture capital firm.ETIENNE LAURENT/AFP via Getty ImagesChamath Palihapitiya was roasted for calling possessions "worthless" and a "sign of insecurity."Critics said he appeared to be wearing a $2,700 Loro Piana sweater while making the comments.The investor said that luxury goods are no longer a signal of success.Venture capitalist Chamath Palihapitiya is getting roasted on X for …

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Luxury fashion aficionado Chamath Palihapitiya is getting roasted for saying possessions are 'worthless'

Chamath Palihapitiya is the founder and CEO of Social Capital, a venture capital firm.ETIENNE LAURENT/AFP via Getty ImagesChamath Palihapitiya was roasted for calling possessions "worthless" and a "sign of insecurity."Critics said he appeared to be wearing a $2,700 Loro Piana sweater while making the comments.The investor said that luxury goods are no longer a signal of success.Venture capitalist Chamath Palihapitiya is getting roasted on X for …

·New York, United States
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Business Insider broke the news in New York, United States on Monday, June 22, 2026.
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