I ain't got that Louis, I ain't got that Kors

from PAZ – Shit I Ain't Got Lyrics on Rap Genius

Meaning

The theme of this entire song is that PAZ isn’t like other rappers who brag about having very expensive things like high-end cars or drinks, etc.

In the case of this line, he is referring to not having:

-Anything by Louis Vuitton, one of the most valuable luxury brands in recent times. They produce anything from leather purses, to shoes, to sunglasses.
– Anything by Michael Kors, another luxury fashion designer based in New York that has designed clothing for people like Michelle Obama.

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