Ray J, Master P, and Drake and gearing up to take over industries outside of music. And they’re not playing when it comes to this entrepreneurial vibe. Get it all inside…
Ray J is more than a reality star and singer. He’s a reality star and a business man and he’s looking to cash in on some major coin.
The “Love & Hip Hop: Hollywood” star (real name William Norwood Jr.) and his Raytroniks Corporation is out here making major moves. They recently inked a deal with LoopShare – a ride sharing company that specializes in sustainable urban transportation – who acquired ScootEBike back in January. Ray J walked away with about $34 million and over 18 million common shares in LOOPShare.
Get this, the brand is projected to make over $200 million in 2020, so Ray is about to get that COIN. OKAY?!
There were rumors circulating that former Death Row Records CEO Suge Knight handed over his life rights to Ray J, but apparently iys not true. Ray J hopped on social media to shoot down the rumors.
“This is the second time y’all trying to pull a stunt like this! The story you put up is false and corny! I’ve been working very hard building my companies and staying out of BS! If you wanna post a story about me pls make sure it’s true,” he posted on IG.
In other business news…
Master P just scored a victory. Rap Snacks is about to go mainstream! According to HipHopDX, the No Limit Records honcho struck a deal with Walmart to bring his Rap Snacks chips to 4,200 stores nationwide. Woot!
“I had a situation the other day where I met with a guy and he was like, ‘I expected you to be a whole different person” ’cause I was prejudged by music — not the business that I’m creating to build an empire and to build a generation of wealth for your family,” Master P said. “You have to make changes.”
“Nobody is perfect. I put my trust and faith in God and tell people, ‘You can’t prejudge somebody’ because everybody can change and everybody can grow,” he added.
Congrats! Rap Snacks is coming to a store near you soon.
In other news:
Drake is looking to get his feet wet in the marijuana business. According to reports, Drizzy hopped into the industry with Canopy Growth, the world’s largest pot producer by market value. Drizzy and Canoopy will reportedly partner in More Life Growth, a company to be based out of Canada where Drake is originally from. The Young Money rapper will hold a 60% stake in the company, with the remainder going to Canopy, which has partnerships with other celebrities like Snoop Dogg, Martha Stewart and Seth Rogan.
Everyone’s getting to the coin!