In a Twitter thread he revealed, "As of this weekend, I’ve become the 1st Cox to fully detach from the company. I did this bc I believe strongly that my primary material purpose on earth is to extract as much capital from that entity as possible, in order to build socialist infrastructure/institutions in the 21st century, on the domestic & intl level."
Chambers said that it was his family's support for Atlanta's Public Safety Training Facility, dubbed "Cop City," that forced him to cut ties with the family business. Before that, he said he "withheld from aggressively pursuing such a move, bc I maintained some family bonds, & bc I was no more at odds w Cox than w any other tentacle of the American bourgeoisie. That is, it seemed picking a fight w my family was not a relevant piece of larger struggle."
He noted, "the complicity of my family in supporting that project [cop city], both financially, via lobbying, and with our media outlets, changed that forever."
Chambers said, "As of Monday, I will be “worth” multiple hundreds of millions of dollars, and I will continue to have a considerable income for the decade or so to come." He added that he is "building a network of comrades who can help me be accountable to the socialized allocation of this capital, so as to assist in a long-term strategy of building internationalism, and building strong cadre in the North Atlantic."
He concluded by saying he was grateful to have been born into a wealthy family. "I am extremely grateful for the love and support my grandmother, Anne Cox Chambers, always gave me, even if I believe that she was a piece of a system that needs to end," he said.
Anne Cox Chambers passed away in February 2020 at 100 years old, but not before distributing her shares of the organization to her three children. According to The US Sun, the Cox family fortune is worth an estimated $34.5 billion, which afforded Fergie a comfortable lifestyle.
On Instagram in 2019, he showed off his lavish collection of expensive Gibson guitars. In 2020, he displayed his new ACAB Tattoo which he said he got because "America and Capitalism are death machines that need to end." In a video captioned, "Official record of the peak of my vanity before the Harvest Feast ended my life" he bounces almost naked outside of what appears to be a secluded cabin.
In May 2022, Chambers showed his support for the Russian government, saying it "liberated" Ukraine from the "fascist Ukrainian authorities."
In a November 2022 Twitter post, he suggested his father, James Cox Chambers Sr., was engaging in "white supremacy" when addressing a controversy surrounding basketball star Kyrie Irving and accusations of anti-semitism. "White billionaire owners punish and publicly humiliate black men who won't do their bidding," he said.
"My father, a white liberal billionaire who is an NBA owner, is a perfect example of this attitude," he added. "He is totally obsessed with hating Kyrie and Kanye." According to Bloomberg, Cox Chambers Sr. is worth $5.65 billion and owns about one-sixth of Cox Enterprises, as well as partial ownership of the Atlanta Hawks NBA team.
The Cox Enterprise is an Atlanta-based company, made up of Cox Communications and Cox Automotive, and was founded in 1898 by James M. Cox and has remained family owned since.
The Post Millenial attempted to contact James Chamber's father, James Cox Chambers Sr., in a request for comment.
Join and support independent free thinkers!
We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.
Remind me next month