Since the tender age of 15, Chris Brown has been living out his dreams of being an entertainer. Now, at the age of 34, he is reflecting on how his business mindset has evolved over the years.
During a recent episode of the “Club Shay Shay” podcast, Brown told host Shannon Sharpe that he credits a lot of his success to having good people in his corner, especially on the professional side.
His Recipe For Success
“I’ve been able to have a great team, you know,” Brown shared. “I’ve been through my ups and downs, I’ve failed a lot financially in the beginning, but now, it’s about just creating stuff that creates stuff that’s gonna be here for everybody. It doesn’t necessarily have to be titled around my actual name or brand. I just want to be able to have a legacy for my family outside of music… I want to be wealthy instead of rich.”
The Virginia native has lowkey been making boss moves since he got in the game.
As previously reported by AFROTECH during a 2015 interview, Brown revealed that not only was he the owner of 14 Burger King franchises, but when he first broke into the industry as a teen, the “Yo (Excuse Me Miss)” crooner purchased his mother a $1 million home.
That family-first attitude remains now that he has a family of his own.
As a father of three children — Royalty, Aeko, and Lovely — Brown shares that some of the business choices he made early on will be very beneficial to his offspring in the long run.
Making Music History
What’s more, at the age of 29, Brown made history as the youngest artist to obtain ownership of his masters, and he says it will remain that way because it is a necessity for him to ensure that his babies are set up for success.
“I don’t think I would sell them,” he told Sharpe when asked if he plans to follow in the footsteps of his peers who have recently been cashing in on their catalogs. “I might lease them out and stuff like that later (he laughed), but I don’t think I would because I feel like, as a Black artist, that’s what we’ve been wanting forever… to be able to get our masters.”
Setting His Children Up For Success
Brown continued: “For me to be able to do that and be one of the first young cats to do it, it’s like I beat the game. But, I feel like I wouldn’t [sell my catalog] at this point because that’s something that my children’s children’s children can eat off of.”
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With nearly two decades and 10 studio albums since launching his music career, Celebrity Net Worth reports that Brown is worth an estimated $50 million, so it looks like those early business moves are continuing to pay off now and into the future.