Juicy J’s late mother, Shirley Houston, played a part in his knowledge of the music business. At 13 years old, Juicy J, born Jordan Michael Houston III, was already learning how to make music by relying on the tunes from his grandfather’s piano, he explained on the “Springhill” podcast in conversation with Wiz Khalifa. “I used to always tell him, I used to be like, ‘But I got to be on the piano.’ He like, ‘Why?’ I said, ‘I got to get ready.’ ‘Ready for what?’ I said, ‘Man I’m going to be rich, famous,” Juicy J explained. “ I always felt that I was going to be great in music.” The “Bandz a Make Her Dance” hitmaker had so much belief in his musical potential, he also made it his mission to to learn about the business side as well. He asked his late mother, who was a librarian, to check out some books that would expand his knowledge. “My mom saved my life. Rest in peace,” he said. “She saved my life, because when I was 13 she worked as a librarian, and I told her I want to know...
When Juicy J got his first check as a rapper , he got himself an extravagant gift. His “big splurge?” A Maybach. “I put rims on that car. I put some speakers on it, and I just went around the neighborhood and tried to smash every girl that I possibly could—because I was wretched like that,” he said exclusively to Men’s Health, at the time. Juicy J clearly didn’t have a financial adviser — or any semblance of financial literacy — at the time the Three 6 Mafia broke into the mainstream with their now-classic album, “ Mystic Stylez. ” If he did, he’d know that a car — any car, whether it’s a Yugo or a Maybach — is considered a depreciating asset (in other words, one that loses value over time) that loses its value the second it’s driven off the lot. Fortunately, the rapper born Jordan Houston in Memphis, TN, wisened up — and very quickly. Thanks to the advice of some very intelligent financial advisers, Juicy J educated himself on things such as stocks, returns on investment, and...
2 Chainz and Juicy J are in the solar game. According to Vibe, the Atlanta-based rapper and the Oscar-winning Three 6 Mafia founder have invested in a solar energy merger that’s reportedly worth $2 billion. The outlet reports that the two rappers have invested in Heliogen, which will partner with SPAC Athena Technology Acquisition Corp, led by Phyllis Newhouse, one of the most powerful Black women in the cybersecurity industry, and the founder and CEO of Xtreme Solutions. Both rappers announced their participation in the merger on their respective social media accounts. Juicy J was the first to make the announcement, claiming that he was going to initially invest his money in jewelry before deciding to invest in solar energy instead. View this post on Instagram A post shared by Juicy J (@juicyj) “I was gonna buy a moissanite diamond watch but i decided to invest the money in a huge operation,” Juicy J said on Instagram. 2 Chainz also announced his participation in the merger on...
While some businesses may be suffering from the coronavirus pandemic, others may be cashing out on business investments. As customers flood local grocery stores to buy essentials in preparation for the indefinite quarantine, those companies who provide must-have items might see an increase in sales. Check out this list of Black celeb backed businesses who could possibly see their investments prove to be lucrative. AQUAhydrate Sean “Diddy” Combs and Mark Wahlberg invested more than $20 million in the water company, AQUAhydrate, that specializes in alkaline water. The Los Angeles-based company has its water on shelves across the country and even offers an online shipment option for customers. With water being on the top of most Americans’ list of quarantine must-haves, AQUAhydrate could cash out big time. CORE Juicy J of Three 6 Mafia invested in CORE Hydration , a water brand centered around producing purified and electrolyte infused water. The company was acquired by Keurig Dr...