Latest news with #2Chainz
Yahoo
4 days ago
- Business
- Yahoo
2 Chainz says each time he splurges on a Rolls Royce, he buys this 1 wealth-building asset to balance it out
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. From classic muscle cars to high-end European rides, Grammy-winning rapper 2 Chainz is no stranger to big splurges. But beyond the flashy impulse purchases, he's also been making some smart money moves behind the scenes. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) In a recent episode of the Club Shay Shay podcast, host and Super Bowl champion Shannon Sharpe asked 2 Chainz to name some of his wildest purchases. 'I think I bought a [Rolls Royce] Phantom and a Maybach,' 2 Chainz told Sharpe. 'Damn, that is $800,000!' replied Sharpe, stunned by the sheer size of the purchase. But 2 Chainz insists there's a method to the madness: 'Every time I do something stupid, I try to balance it out,' he said. What does he use to balance it out? Real estate. 'As soon as I go buy a couple of chains, I would hit the girl that's handling my real estate business and tell her, 'Can you send me some properties to look at?'' he explained. The veteran rapper noted that artists who suddenly come into wealth often spend freely on 'stupid stuff' — from cars to jewelry. But eventually, the conversation would shift to passive income and investments. For 2 Chainz, real estate is a no-brainer — having spent hours in the studio just scrolling through property listings. 'I'm a property hoarder,' he told Sharpe. 'I be getting penalized, but it's my dirt and I know they don't make no more dirt.' As 2 Chainz points out, one of the core truths about real estate is just how scarce it can be. You can't create land out of thin air — and buildable land is even harder to come by. Even Federal Reserve Chair Jerome Powell acknowledged at a press conference last year that the real problem behind America's housing crisis is simple: 'We have had, and are on track to continue to have, not enough housing.' An analysis by Zillow published in June 2024 estimated the U.S. housing shortage to be 4.5 million homes. That supply-demand imbalance may help explain why home prices continue to climb. Over the past five years, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index has surged by more than 50%. But, these days, you don't need to be as wealthy as 2 Chainz to start investing in real estate. Crowdfunding platforms like Arrived offer an easier way to get exposure to this income-generating asset class. Backed by world class investors like Jeff Bezos, Arrived allows you to invest in shares of rental homes with as little as $100, all without the hassle of mowing lawns, fixing leaky faucets or handling difficult tenants. The process is simple: browse a curated selection of homes that have been vetted for their appreciation and income potential. Once you find a property you like, select the number of shares you'd like to purchase, and then sit back as you start receiving rental income deposits from your investment. Another way to go is Homeshares, which gives accredited investors access to the $35 trillion U.S. home equity market, according to Federal Reserve data — a space that's historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headache of buying, owning or managing property. With risk-adjusted target returns ranging from 14% to 17%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets. Read more: You're probably already overpaying for this 1 'must-have' expense — and thanks to Trump's tariffs, your monthly bill could soar even higher. Beyond real estate, the ultra-wealthy are also known to hoard fine art — and it's easy to see why. The supply of truly great works is limited, and many famous pieces have already been snatched up by museums and collectors. Art also has a low correlation with stocks and bonds, which helps with diversification, according to a recent Deloitte blog post. In 2022, a collection of art owned by the late Microsoft co-founder Paul Allen sold for $1.5 billion at Christie's New York, making it the most valuable collection in auction history. Investing in art was traditionally a privilege reserved for the ultra-wealthy. Now, that's changed with Masterworks — a platform for investing in shares of blue-chip artwork by renowned artists, including Pablo Picasso, Jean-Michel Basquiat and Banksy. It's easy to use, and with 23 successful exits to date, every one of them has been profitable thus far. Simply browse their impressive portfolio of paintings and choose how many shares you'd like to buy. Masterworks will handle all the details, making high-end art investments both accessible and effortless. Masterworks has distributed roughly $61 million back to investors. New offerings have sold out in minutes, but you can skip their waitlist here. See important Regulation A disclosures at Access to this $22.5 trillion asset class has traditionally been limited to elite investors — until now. Here's how to become the landlord of Walmart or Whole Foods without lifting a finger Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Are you rich enough to join the top 1%? Here's the net worth you need to rank among America's wealthiest — plus a few strategies to build that first-class portfolio This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
Yahoo
6 days ago
- Entertainment
- Yahoo
2 Chainz Explains Why He 'Couldn't Smoke' Around Eminem
2 Chainz reflected on his time in the studio with Eminem while speaking to Shannon Sharpe in an episode of the Club Shay Shay podcast. In the conversation, the 47-year-old revealed that the Detroit rapper's team had some strict guidelines for their session. 'When I did work with Eminem, I couldn't smoke in there. It was kinda funny,' detailed the Atlanta rapper. 'It was his people, not Eminem. Eminem was somewhere writing, but his people are just so concerned with him, they put the speakers outside so I could listen to the beat.' 'I'm outside, it's a beautiful day in Malibu, I'm just smoking the speaker's outside. I come back in to do my verse, and the door's closed and I'm in the booth smoking and I see Em out there and I'm like 'he in there while I'm recording, this hard'. He's about to come in and say something and some of his people are like 'no, don't go in there, he's smoking,' and Em looks like 'sit the f**k down.' I guess he was thinking like 'what do you think I'm about to do?'' he explained. The 'Epiphany' rapper continued, 'I remember them tripping on him, and he was not tripping at all.' Last year, the Detroit musician celebrated 16 years of sobriety since overcoming an addiction to alcohol and drugs earlier in his career. The landmark in his wellness journey was marked with a social media upload that featured the rapper displacing his sobriety medallion. 'My addiction didn't start in my early days when I was coming up. We used to drink 40s on the porch and just battle rap each other. My drug usage started at the beginning of that first album,' he detailed. 'I didn't take anything hard until I got famous. I was experimenting. I hadn't found a drug of choice. Back then, you went on tour, and people were just giving you free drugs. I managed it for a little while. And then, it just became, I like this sh*t is too much and I don't know how to stop.' In 2022, Eminem and his longtime manager, Paul Rosenberg, reflected on how the Grammy-winner learned to rap again after his near-fatal 2007 overdose. More from Eminem Beats Out Kendrick Lamar For Hip-Hop Awards At 2025 AMAs, Social Media Reacts Eminem Stalker Convicted Of First-Degree Home Invasion 2 Chainz And Omar Epps Unite For 'Red Clay' Short Film
Black America Web
24-05-2025
- Entertainment
- Black America Web
2 Chainz Says Birdman Wanted $100K For Lil Wayne Introduction
Source: Prince Williams / Getty In a recent conversation with Shannon Sharpe on Club Shay Shay, 2 Chainz opened up about a surprising experience he had with Birdman and Lil Wayne during Wayne's prime. According to Chainz, Birdman had a habit of charging artists $100,000 just to get them in contact with Wayne. It was a costly fee, but one that many were willing to pay in hopes of securing a collaboration with the legendary rapper. 2 Chainz, however, found a more creative way to bypass the expensive fee. While shopping at a Gucci store, he bought a pair of red Gucci shoes for Wayne, symbolizing Wayne's 'red team' affiliation. He then took the shoes to Wayne at the studio, along with a beat CD. 'He don't know I'm about to take it to him,' 2 Chainz explained. Upon receiving the gift, Wayne was impressed, saying, 'Damn, these harder than a b*tch.' The two quickly got into the studio, but there was an issue with the email containing the song, which Wayne had sent. After sorting it out, they listened to the track, and 2 Chainz immediately recognized its potential. 'Man, you did that for me?' he asked Wayne. Wayne responded with a simple, 'Yeah boy.' Despite Weezy's generosity, Baby still expected his $100,000 for the connection. But as 2 Chainz aka 'Tony' quipped, 'it's only going to be just 100, not 200.' That song, 'Duffle Bag Boy' by Playaz Circle, would go on to become a major hit, cementing its place in Hip-Hop history. SEE ALSO 2 Chainz Says Birdman Wanted $100K For Lil Wayne Introduction was originally published on Black America Web Featured Video CLOSE
USA Today
23-05-2025
- Automotive
- USA Today
Rapper 2 Chainz calls this controversial Tesla EV ‘comfortable and convenient,' is he right?
Rapper 2 Chainz calls this controversial Tesla EV 'comfortable and convenient,' is he right? Tesla's biggest flop gets some love from 2 Chainz during Shannon Sharpe interview. Show Caption Hide Caption Elon Musk said he will still be Tesla's CEO in 5 years Billionaire Elon Musk is now planning to spend "a lot less" on political contributions in the future. Scripps News 2 Chainz, a popular rapper and entertainer showed podcaster Shannon Sharpe his car collection in recent YouTube video. The rapper explained why he prefers driving a Tesla EV over some of his other vehicles. The Tesla model that 2 Chainz owns had a very low pre-order conversion rate. Rapper 2 Chainz is no stranger to over-the-top products and experiences. In fact, the entertainer starred in an entire four-season reality series dedicated to testing some of the most luxurious products and experiences that companies have to offer. 2 Chainz recently appeared on a YouTube episode of Club Shay Shay hosted by podcaster and former NFL tight end Shannon Sharpe. The two admired the rapper's car collection as 2 Chainz explained his love for a certain Tesla model that has been under scrutiny lately. 2 Chainz owns a controversial Tesla EV, here's what he likes about it In the Club Shay Shay YouTube video, Shannon Sharpe asks 2 Chainz if he ever drives himself or if he is always chauffeured. 2 Chainz responds " I drive myself. It's about convenience, right? I have the Cybertruck.' He goes on to say it's "one of the most comfortable, and convenient, and easy-driving cars that I have.' Let's address each of 2 Chainz's comments regarding the Cybertruck. As for its comfort, Tesla's entire lineup is luxury-adjacent, featuring a distinct refined and uncluttered cabin design. Several owners in a Cybertruck owner's forum say that the EV has a smooth ride quality. Its ride quality and driving dynamics also support the rapper's "easy-driving" statement. As a celebrity, 2 Chainz said he enjoys avoiding public gas stations thanks to the EV's fully electric powertrain. This can ring true for any EV if home charging or avoiding gas stations is considered convenient to a driver. But why is the Cybertruck a point of controversy in the first place? Did Tesla Cybertruck pre-orders pan out? Tesla's Cybertruck has been making headlines for years because of its historic number of pre-orders, unconventional design, and unique features. Tesla received over a million pre-orders for the Cybertruck, according to technology publication Wired. However, the automaker only sold 38,965 units in 2024, said Business Insider. So, what's the conversion rate on pre-orders for the Cybertruck? If the units sold in 2024 were all from pre-orders, the rate of conversion would only be 3.9%. It could be significantly less since some Cybertruck sales in 2024 weren't pre-orders. Ultimately, hundreds of thousands of potential buyers chose not to fulfill their orders, and many of them could have had reasons related to the EV's design flaws. Tesla Cybertruck design flaws The Cybertruck's design flaws are well-documented by several publications including Business Insider. Aside from a potentially dangerous front-trunk closing mechanism, rear visibility is also a huge issue for many drivers due to the truck's unique boxy design. The 2024 Cybertruck was recalled a whopping eight times, according to the National Highway Traffic Safety Administration. Sure, the EV is innovative, but eight recalls in a single year is cause for concern for any vehicle. How much does a Tesla Cybertruck cost? If you're willing to pay top dollar, the Tesla Cybertruck isn't a bad EV in terms of performance. The Tesla Cybertruck starts at $69,990. Every trim is eligible for the current federal electric vehicle tax incentive of $7,500, according to Tesla's website. The most impressive of the Cybertruck trims is the Cyberbeast. It starts at $99,990 and has an estimated driving range of 301 miles. The EV rockets from 0-60 in an otherworldly 2.6 seconds, which isn't typical for such a large vehicle. Tesla Cyberbeast features Performance launch mode Premium interior with suede textile trim Tri-motor all-wheel drive 128-mph top speed The Cybertruck may not be the best option for every driver, but it does boast impressive acceleration as well as sporting a unique exterior design. For better or worse, it's one of a kind.
Yahoo
17-05-2025
- Entertainment
- Yahoo
Travis Kelce Cancels 2025 Kelce Jam for Undisclosed Reason
Screaming, crying, canceled fest: Travis Kelce's Kelce Jam is a no-go for this year. On Wednesday, the Kansas City Chiefs player announced that his annual music festival would be taking a break before returning in 2026. 'Kelce Jam is planning ahead for 2026,' the festival announced Wednesday on social media. 'Although we'll miss being with you this year, we're taking this time to gear up for an even bigger, better, and more unforgettable experience next summer. Stay tuned for exciting updates and announcements.' More from Rolling Stone Justin Baldoni's Lawyers Accuse Blake Lively's Lawyers of Extorting Taylor Swift Taylor Swift Lawyers Fight Justin Baldoni Subpoena in Blake Lively Case Taylor Swift Rep Slams Singer's Subpoena in Blake Lively-Justin Baldoni Legal Battle 'We can't wait to celebrate with you soon,' the festival added without giving specifics on the cancellation. The event also updated its bio to read 'Returning 2026.' Kelce launched the event in 2023, hosting it at the Azura Amphitheater in Bonner Springs, Kansas, outside of Kansas City, where he plays. Last year, the lineup for the food and music event featured 2 Chainz and Lil Wayne, along with DJs Diplo, Irie, and E-V. The inaugural edition included Machine Gun Kelly, Rick Ross, and Loud Luxury on its lineup. Local outlet Kansas City Star reported that this year's edition was scheduled for May 17 ahead of the football team's Organized Team Activities, which commence on May 27, but a lineup had not been announced. 'This city has given me so much love, so much support throughout my career with the Chiefs,' Kelce told The Star at the event in 2024. 'It's more than just a festival; it's a way to give back, to celebrate together.' During last year's fest, the Kansas City Chiefs tight end revealed his favorite album of 2024, shouting out his girlfriend Taylor Swift, who was in Stockholm, Sweden, on the Eras Tour at the time. 'I'm a little biased, but Tortured Poets Department might be it,' Kelce told Rolling Stone at the time. Best of Rolling Stone The 50 Greatest Eminem Songs All 274 of Taylor Swift's Songs, Ranked The 500 Greatest Albums of All Time
