Juicy J Core Water investment gets acquired for $525 million
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Juicy J’s Investment In Core Hydration Nets $525 Million Acquisition

*Cues* Rihanna's "Pour It Up."

The power of investment in the world of hip-hop has proven to be a lucrative next-step for today’s rappers. For Juicy J, he saw the long-term benefit of investing in a certain beverage company that has now reached a point of pride for the Memphis native.

Taking to Instagram late November, the Academy Award winner amplified the news that CORE Nutrition, which he invested in three years ago, was acquired by Keurig Dr. Pepper (KDP) for $525 million. “The best investment I made in my life,” the Three 6 Mafia member wrote.

The acquisition has been in the works since September 2018. In a statement published by BEVNET, CORE’s founder Lance Collins thinks the company will continue to thrive under KDP’s wing.

“KDP has been an outstanding partner for CORE and I am certain that, under its ownership, CORE will continue to see tremendous long-term success," Collins said. "I am a strong supporter of the KDP strategy and business model and am looking forward to being a shareholder in the company.”

 

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The best investment i made in my life 🙏🏿🙏🏿🙏🏿🙏🏿🙏🏿

A post shared by Juicy J (@juicyj) on

Chamillionaire, another famed investor that first stepped onto the scene through rap, remains another lucrative investor in start-up companies. The “Ridin’ Dirty” artist previously took on a new title of angel investor and enacted monetary interest in Lyft in the ride-hailing outlet’s early days.

In an interview with Axios, Chamillionaire talked about the two paths that people in his community feel they can only pursue when there’s another route to take in order to make long-term money. “To us, growing up, you got two options: you gonna be a musician or a basketball player…The diversity thing is very important to me,” he said. “I don’t think people understand the value of diversity.”

READ MORE: Juicy J Hints At CEO Role At Columbia Records

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Tory Lanez Sued For Alleged Attack In Miami Nightclub

Tory Lanez is facing legal trouble over an alleged altercation that went down inside Miami’s LIV nightclub last year. Christopher “Prince” Harty, an up-and-coming artist and Miami promoter who appeared on Love & Hip-Hop: Miami claims that Lanez attacked him last November.

The onetime reality star alleges that Lanez, along with his entourage and security team, punched and attacked him in the nightclub. According to reports, Prince claims to have suffered blunt force trauma to his head, neck, and chest, in addition to contusions, bruises and anxiety, as a result of the incident. He is suing for unspecified damages.

“They backed me into a corner, and once I was there, they started stomping on me, jumping me,” he recalled to NBC Miami.

He believes that the friction stemmed from an Instagram post about music. “They felt that I was insinuating that they stole the record from me, and I was just like, no, I would never do that, that was never my intention. I had no issue with him at all.”

A portion of the incident was captured on cellphone video. Prince stated that he knew Lanez prior to the run-in, and helped get him into clubs before.

His attorney, Marwan Porter of Porter Law Firm, called the violent incident “a chronic problem” with Lanez who is accused of shooting Megan Thee Stallion in July. The 28-year-old recording artist has yet to publicly address either incident.

Hear more from Prince in the video below.

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Cardi B Opens Up About Filing For Divorce From Offset

Cardi B took to Instagram Live on Friday (Sept. 18) to air out a few things about filing for divorce from Offset.

The Bronx rapper made it clear that she didn’t file for divorce as a publicity stunt to promote her upcoming album. “I’m not doing it for clout and on top of that I don’t need stunts to sell music,” she said. “I’m not [trying to] brag but don’t ever say I’m doing anything for clout. My first album is three-times platinum and I didn’t need no stunts to do that. My [“Wap”] single is no. 1 worldwide why would I need stunts to sell music? I don’t need stunts — [especially] when it comes to family — to sell anything, so don’t play yourself.”

As for the reason for the divorce filing, the estranged couple simply grew apart. “Nothing crazy out of this world happened, sometimes people really do grow apart. I been with this man for four years. I have a kid with this man, I have a household with this man…sometimes you’re just tired of the arguments and the build up. You get tired sometimes and before something happens, you leave.”

“I just wanna' be a free bird,” Cardi said after questioning whether people secretly want infidelity to be the reason for the split.

“I am the f**king clout,” she added. “I never needed anything. I never needed no stunts to sell sh*t.Why would I need anything to sell my next album?”

Speaking of the new album, Cardi has been indecisive about choosing her next single because “WAP” did so well. “That means that my second single has to be even better.”

Towards the end of her venting session, Cardi reiterated that she’s focusing on her work, and revealed that she's starting new business for her daughter Kulture.

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Barack Obama Announces Release Date For ‘A Promised Land’ Memoir

Following the mega-success of his wife’s Becoming release, Barack Obama is poised to debut his own memoir, A Promised Land, this fall. The former president made the literary announcement on Twitter on Thursday (Sept. 17).

“There’s no feeling like finishing a book and I’m proud of this one,” Obama tweeted while explaining that he tries to give an “honest account” of his presidency in the book. The release will also touch on “the forces we grapple with as a nation, and how we can heal our division and make democracy work for everybody.”

There’s no feeling like finishing a book, and I’m proud of this one. In 'A Promised Land,' I try to provide an honest accounting of my presidency, the forces we grapple with as a nation, and how we can heal our divisions and make democracy work for everybody. pic.twitter.com/T1QSZVDvOm

— Barack Obama (@BarackObama) September 17, 2020

The highly anticipated and introspective release takes readers on a “compelling journey” and details Obama’s “improbable odyssey from a young man searching for his identity to leader of the free world.” Included in the memoir are striking personal details about his political education, as well as landmark moments from his first term presidency.

The Obamas secured the reported $60 million book deals around a year after ending their tenure in the White House. Michelle Obama’s book became the best-selling memoir in history.

A Promised Land is currently available for pre-order at Obamabook.com. The memoir will be released on Nov. 17.

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