Chamillionaire Opens Up About Early Investment Endeavors With Lyft

The public hasn't heard much from Chamillionaire these days, but that doesn't mean he isn't fighting for the greater good. While he's been actively dropping mixtapes over the years, the rapper is also a master at being an angel investor.

Speaking on CNBC's Squawk Alley Sunday (March 31), the Houston native broke down his investment journey and plans to share to wealth with his community. Part of that journey includes his business relationship with ride-sharing app Lyft. Founded in 2012, the rapper explained how he and a few others took an interest in the app in 2014 and decided to invest in the then-private company.

"Me and a few others like Big Boi from Outkast and Trey Songz were excited about the ride-sharing space," he said. "This was around 2014, we started making the steps to get in touch with Lyft and did our investment in 2015."

Lyft, which was worth a reported $2.157 billion in 2018, went public recently with some early investors selling their stakes for a very pretty penny. Activist investor Carl Icahn sold his stake– reportedly worth $550 million at the IPO price–but Chamillionaire doesn't plan on sellling his.

"I'm definitely bullish on the company and will be there for the long-run," he added. He also elaborated on the reasoning behind his investment journey and how he plans to take what he's learned and share it with fellow neighbors in Houston and beyond.

"My focus is not necessarily about money as much as people think," he said. "I believe that [the tech] industry has a lot of value in it and this value hasn't been given to my community. I'm trying to do is learn as much as I can, make a lot of investments so I can plant seeds to help my family but then bring a lot of other people in. That's really why I'm here. I feel like a lot of these companies are disrupting the world with so much innovation and so many people from my community don't have access to this stuff. My mission is to try to help a lot more people who look like me get into these companies."

Chamillionaire later shared the interview on Instagram. He noted that the chat happened just after he found out about the murder of Nipsey Hussle and how he powered through in his honor.

"We have to start planting more seeds in our communities," he captioned the interview. "We have to start INVESTING in our future. We have to support each other more. What do riches mean if your people aren’t eating? (Please tag someone that needs to hear this)"

Check out the full interview above.

From the Web

More on Vibe

Cardi B Snaps At 'The Shade Room' For Publicizing Negativity: 'It’s Trash'

Cardi B is tired of The Shade Room, and she let us know that fact by posting videos bashing them on social media.

The rapper took to Instagram to discuss her issues with the social media page posting negative things about the people she is associated with, including her husband Offset. The Migos member was reportedly mentioned on The Shade Room regarding his recent felony gun possession charges.

“Everybody that they know that I’m cool with, they always try to get them set up for people to talk sh*t,” she said. "Offset donated 25K to the Ellen foundation for the kids in Africa. Did The Shade Room post it? No… are they posting any positive sh*t and investment talk that he’s been talking about in his interviews? No. But they sure post the way he had drama with his baby mom. They sure posting about his court cases, right?"

She continues by stating that she understands that blogs will be blogs, and she doesn’t want them to only post the positive aspects of celebrities’ lives. However, Cardi says that there is a “hate campaign” and bias against Quality Control and those associated with her via TSR, and she wants it to end.

“That sh*t is getting wack,” she continues. “It’s trash. How do people want us to change? For what? Why change? Y’all don’t post the change, y’all don’t post the good, y’all don’t post the accomplishments. Y’all post the f**k sh*t. So, what the f**k?”

She concludes by stating that black blogs capitalize on black drama and negativity occurring in the community, which causes white publications to follow suit.

“Stop claiming that y’all for the people, when y’all fuel drama in between these artists,” she states.

Continue Reading
Getty Images

R. Kelly Accuser Wins Civil Case Against Singer By Default Judgment

R. Kelly was a no-show in court today (April 24), after he was sent a summons to appear. Due to the singer's absence, the woman accusing him of sexual abuse in a civil case won by a default judgment. The judge presiding over the case determined that Kelly and his legal team ignored the woman's civil suit.

Per The Chicago Tribune, a woman who accused Kelly of sexually abusing her in the '90s filed a suit in February alleging that the musician had an inappropriate sexual relationship with her when she was 16 years old. She is now 36, and is identified in court documents at H.W.

Kelly was reportedly served the summons last month during his brief stint in a Cook County jail cell for missed child support payments. However, the woman's attorneys claim that he never filed an appearance in the lawsuit.

"Judge Moira Johnson granted the attorneys’ request Tuesday to enter a judgment against Kelly," the Tribune reports. "That could still be reversed if Kelly got an attorney involved in the suit. If that doesn’t happen, Kelly could be ordered to pay damages as soon as next month when the alleged victim is expected to testify about her allegations against the singer."

During H.W.'s May 8 court appearance, she will reportedly discuss her alleged relationship and encounters with Kelly in detail.

Kelly faces a maximum of up to 70 years behind bars. He is charged with 10 counts of aggravated criminal sexual abuse involving four separate victims, three of whom were underage during the time of their alleged encounters.

Continue Reading
Getty Images

Lizzo Will Appear In 'Hustlers' Alongside Cardi B And Jennifer Lopez

Lizzo continues to make waves as a musician, instrumentalist, body-positivity icon and booty-shaker extraordinaire. The artist– whose major-label debut Cuz I Love You is receiving praise from listeners and critics alike– will have a chance to put her twerking skills to the test.

According to reports, the Minnesota transplant is set to join the likes of Jennifer Lopez, Cardi B and Keke Palmer in the already-stacked lineup for the upcoming film, Hustlers. Deadline reports that this is Lizzo’s first live-action film, and her second film overall. She’ll be voicing a character in the upcoming animated musical film, Uglydolls.

Hustlers, which is set to be released by September 2019, is inspired by an article published in New York Magazine in 2016, which “follows a crew of savvy former strip club employees who band together to turn the tables on their Wall Street clients.”

Additional actresses set to appear in the film include Fresh Off The Boat’s Constance Wu, Riverdale’s Lili Reinhart, Julia Stiles, Transparent’s Trace Lysette, Mercedes Ruehl, dancer Mette Towley and Orange Is The New Black’s Madeline Brewer.

Continue Reading

Top Stories