Khaby Lame's $975 Million Deal with Rich Sparkle Holdings Raises Red Flags Among Experts
NEWS
Khaby Lame's $975 million deal with Rich Sparkle Holdings has raised concerns among experts due to significant volatility in the company's stock, which surged over 650% before plummeting 77% shortly after the announcement. While Lame's initial stake was valued at $6.6 billion, it has since dropped, leading critics to question the sustainability of the business model and potential links to 'pump and dump' schemes. Forbes indicates that Lame's current net worth of approximately $3 billion may reflect financial fundamentals rather than stock performance.

Feb 4, 2026, 6:07 AM