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

 

gamereceiptLevel 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…]

Bookmark and Share

{ Comments on this entry are closed }

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:

 

com·mer·cial·ize  (k-mûrsh-lz)

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.

2.

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…]

Bookmark and Share

{ Comments on this entry are closed }

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…]

Bookmark and Share

{ Comments on this entry are closed }

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:

  1. 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.
  2. Jay Z : $475 million – His wealth comes from [click to continue…]
Bookmark and Share

{ Comments on this entry are closed }

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…]

Bookmark and Share

{ Comments on this entry are closed }

Terrell Owens and the word “broke” have become quite a match over the past couple of years. However, it seems the former NFL superstar wants a new association with his name: basketball player. Really?! The revelation that T.O. can shoot hoops literally comes out of nowhere. While it may be possible, there’s no denying the underlying motivation for his interest in basketball: desperation. While this entire thing screams thoughtless, it seems that Owens did put a tiny bit of strategy behind his requests. He knew not to go knocking on the Miami Heat or LA Laker’s door. So, just where did he end up begging? None other than the majestic LA Clippers. USAToday provides the details:

Former NFL star Terrell Owens was “begging” the Los Angeles Clippers to sign him this summer, according to All-Star Blake Griffin.
“Terrell Owens is always — he was at our practice facility this summer, begging coaches for a 10-day contract,” Griffin said on the Dan Patrick Show.

It seems these days Terrell is getting his reality check. The megastar branding with his name is no longer. However, it’s tragic to see TO fail to secure any long-term career plans. Even if, and it’s a super big “if”, he were to win a spot on the LA Clipper’s team, [click to continue…]

Bookmark and Share

{ Comments on this entry are closed }

Debt millionaire Toni Braxton has been experiencing money issues since the 90s. Instead of recovering from her previous two bankruptcies, she’s foolishly places the blame in the most unthinkable, absurd place that one could put it: Oprah Winfrey. Oprah has transformed countless lives over the decades, including her very own life. Toni appeared on Oprah’s show after her first bankruptcy in 1998.
In her upcoming VH1 “Behind the Music” episode, Toni claims that Oprah was “mean” to her. Drew Reports provides the quote:

“She said, ‘I hear you have Gucci flatware; I’m Oprah Winfrey and I don’t have Gucci flatware…’ You didn’t have Gucci flatware because you didn’t wanna buy it; it’s not because you couldn’t afford it.”
Toni ended the segment, stating “And immediately she made me feel this big. That moment completely changed my career. It made people look down on me.”

Toni obviously didn’t take the opportunity to reflect on her interview with Oprah and internalize the mindset that has gotten Oprah to the billionaire status that she is at today. Oprah was telling the truth. No one needs [click to continue…]

Bookmark and Share

{ Comments on this entry are closed }

Post image for Bow Wows Sad Financial Situation

Bow Wows Sad Financial Situation

by Minority Fortune

[click to continue…]

Bookmark and Share

{ Comments on this entry are closed }

</