Rap Basement


Chamillionaire Talks Money Issues & More

Posted By on June 11, 2010

     It looks Like Chammilaire continues to catch the bad news as his tax records hit the net yterestday, his hjome recently was forclosed on, and now the reports of him stealing the ideas for multiple music videos. As for the knots in his pockets, the Grammy Award-winning MC assured fans that he’s not hurting for stacks. “Me and Universal have a 50/50 deal,” Cham said. “I make what they make. My last album Ultimate Victory wasn’t as successful as my debut album but I made money because I paid everything out of my own pocket and went back to Universal and got reimbursed for that. I kept the cost low.”

The normally very private rapper also added that he has family and people that depend on him, so his concerns lean towards being more responsible with his financial choices rather than how they make him appear in the public light. “My mother has cancer and she was looking at my house and my lifestyle and was afraid to come to me about money for medical bills,” Cham said on the Madd Hatta Morning show. “And I’m like, don’t do that. Whatever bills you have come to me about it. I had to ask myself was keeping a house that was not worth all the money I’d been paying on it worth more than my mother or my son? So that’s the decision I made. I gotta make sure I make good moves.”

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