The richest man rocks the snatch-less necklace

from Chance The Rapper – Acid Rain Lyrics on Rap Genius

Meaning

Rich people buy chains to affirm their wealth. But Chance believes that the truly “rich” rock a “snatch-less” necklace — one that doesn’t exist, and so it can’t be stolen because they’re rich in something other than gold/jewels.

Also, Rappers are well known for getting their chains robbed on tour by local gangs, fans and other rappers. E.g Ja Rule whilst on tour in London, England.

As Chance has said:

some people are so poor, all they have is money

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