Oprah Winfrey got the shock of the lifetime when she patronized a luxury goods store in Switzerland, and it wasn’t from the five-digit price tags either. Oprah had requested to see a $38,000 Tom Ford bag when a store clerk explained that the bag was out of her price range. Instead of proving the sales associate otherwise, Oprah simply left the store. When asked whether she experiences racism later in an interview, she cited this incident as “an incident that people of black or brown color experience daily”.
The Daily Mail quotes the incident:
‘The woman did not want to get down the bag which I wanted to look at. The effort was too much for her. She said to me, that the bag was simply too expensive. And I said: “I want to see it anyway.” Instead she tossed me cheaper bags.
‘I said: “Okay, thank you very much! But [click to continue…]
For a refreshing change of pace, we have Grade A behavior to report on! Rapper Nasir Jones, better known as Nas, decided to use his influence for good to help out a man in need. Stanley Young is an unemployed construction worker with 8 children. The mother of his children passed away a year ago, leaving him a single father. After a fire destroyed their home two weeks ago, Stanley has been staying at a hotel. However, WJLA reports that his deadline for finding permanent housing was August 13 as he will be forced to leave. The desperate father has been working with various agencies, family, and the church in order to avoid homelessness. When Nas heard of the story, he decided to do something about it.
Nas started a campaign on Crowdtilt, which is a crowdfunding site. Nas pledged $5,000, with a promise of putting in an additional $5,000 if the donations reached $20,000. The total at the time of writing this piece reports that the donations are almost at $60,000! We applaud Nas’ actions because they not only brought awareness and resources to aid Stanley Young and his family of 8, but they promote performing random acts of kindness.
Why Didn’t He Just Pay It Himself? [click to continue…]
Lauryn Hill is currently serving a three-month sentence in a federal prison for evading taxes on her 2005-2007 income of $1.8 million. While Lauryn certainly had some colorful excuses to say the least on why she hadn’t been paying her taxes, the judge and the IRS weren’t hearing it. Despite the singer paying up the taxes at the last hour with six children at home, she was sentenced with the prison time, three months in home confinement, one-year probation, and a $60,000 fine.
For someone that proclaims to be highly conscious of the system she lives in, Ms. Hill should know better than anyone else what the rules are. Unless you’re a sovereign, you are living in a system [click to continue…]
Rapper Game thought it would be an excellent idea to not only blow a hole in his finances but provide the visual proof that this financial atrocity actually occurred on Instagram. The Game bought bottles for himself and some of his boys at Greystone Manner club in Hollywood, creating a bill that totaled $15,593. He captioned the picture, “R.I.P we just killed the club”. No, Game, you just killed your dignity.
The 3 Levels of Wrong
Level 1: Spending over $15,000 on alcohol is absurd. It doesn’t quite match Fabolous’s $45,000 club tab but is equally stupid. The markup on alcohol in clubs is ridiculously high. If this alcohol was purchased in a regular store , it would only be a couple of thousand dollars or less. Add to the fact that this is only for one [click to continue…]
Hip hop artists just like any other artists are essentially paid to tell their stories. An artist’s expression knows no boundaries or limits. Their fans/customers will come to love an artist for their style, and if they’re super lucky, they’ll even catapult into fame. However, all bets are off when you begin to commercialize your art. The Free Dictionary defines commercialization as:
tr.v. com·mer·cial·ized, com·mer·cial·iz·ing, com·mer·cial·iz·es
1. To apply methods of business to for profit.
a. To do, exploit, or make chiefly for financial gain.
b. To sacrifice the quality of for profit.
Too bad Lil Wayne, Rick Ross, and other artists don’t realize the exchange they have made for profit. When your art is created for the purpose of financial gain, you are obligated to keep your audience satisfied or at the very least in a state of being indifferent. Under no circumstances will you be doing your potential profit any justice if you piss off your audience. Lil Wayne and Rick Ross had to learn the hard way.
Rick “I Like Playing Around With Rape” Ross
Rick Ross felt the wrath of millions of women and women sympathizers when [click to continue…]
At 37 years old and already in retirement with over $150 million dollars earned over his career, Allen Iverson should be living the life claimed by the distinguished 1%. Yet, his life mimics the tale of someone we may all know in our lives: emotionally broken, financially unstable, an addict, and other destructive behaviors. This goes to show that all the money in the world can’t fix a broken individual.
For a man that lost his wife, children, money, friends, career, and self, you would think that a wakeup call would have occurred somewhere: the divorce that took away about half of his assets, the $61 his wife had to give him in 2012 just so he could avoid going hungry, the fact that the judge over his child custody case ruled him as a [click to continue…]
In a time of austerity and economic crises, wealth continues to pour into the hands of a few. Forbes released the names of the top five highest grossing hip-hop artists. The names don’t really come as a surprise. However, what is ironic is that the bulk of these artists’ wealth now comes from industries outside of hip hop. It goes to show that if you want sustainable wealth, you must be flexible and innovative. These five artists continue to demonstrate these traits, and it seems to be paying off while still operating in the midst of the stifled music industry.
Check out the Forbes list below:
- Diddy: $580 million – The bulk of his money now stems from industries outside of music, most notably Ciroc. He receives an 8-figure payout annually with an agreement that will award him 9 figures if the company is bought out.
- Jay Z : $475 million – His wealth comes from [click to continue…]
Mary J Blige’s gross financial negligence has gained her elite access into the Grade F Behavior Gold Membership Program. With debt adding up and surpassing the $3 million mark, what did Mary basically do about it? Pretend that it didn’t exist. Horrible, horrible idea! It didn’t help that as a well-known musician, your debtors have the media as an additional method to shame you into paying your debts. And shaming they did, as media outlets have released a series of articles detailing the serious financial woes of the singer.
Mary must have been experiencing a rough previous couple of years. The State of New Jersey has just issued a $901,769.65 tax lien against the singer according to the Huffington Post. As massive as that is, it isn’t the only debt that has been forgotten. In November of 2012, Mary and her husband were sued by Signature Bank for [click to continue…]