Millionaire net worth Wiki, Height, Biography, Wife, Children And Early Life
Millionaire net worth
Number of divisions: 9
What is the net worth of Chamillionaire?
Chamillionaire is an American singer, rapper and entrepreneur with a net worth of US$50 million. In addition to his own successful music career, he also obtained most of the net assets from various investment companies and as the CEO of the entertainment company Chamillitary Entertainment.
early life
Hakeem Seriki is best known by his stage name Chamillionaire. He was born in Washington, DC. November 28, 1979. When he was three years old, the family moved to Houston, Texas. He attended Jersey Village High School, where he became interested in rap music. He has a younger brother, Rasaq Seriki, who is also a rapper.
Music career
The stage name “Chamillionaire” is a mixture of the two words “chameleon” and “millionaire”. Seriki and another rapper and friend, Paul Wall, met Michael “5000” Watts, a popular mixing tape DJ active in the Houston area, during a promotion at an event. They offered to help promote Watt’s company Swishahouse and convinced him to let them freestyle in the introduction of the KBXX-FM radio show on Houston hip-hop station. Watt put their freestyle on one of his mixtapes, and they quickly became regulars on the Houston rap circle and mixtape tour. Seriki and Wall formed The Color Changein’ Click group. They also co-produced the album “Get Ya Mind Correct” (2002), which sold more than 150,000 copies. The album was nominated as an independent album of the year by The Source Magazine in 2002, and they began to rise to fame. Color Changin’ Click also performed at the 2004 SXSW Music Festival.
Seriki released his debut album “The Sound of Revenge” through Chamilitary Entertainment and Universal Records in 2005. It debuted and ranked 10th on the Billboard 200 list in the United States, and finally received the RIAA platinum certification. The album also produced the hit single “Ridin'”, which ranked No. 1 in the Billboard Hot 100 and won him the 2007 Grammy Award for Best Rap Performance in a Duo or Group.
“Ultimate Victory” (2007) is Seriki’s second studio album, and invited guests such as UGK, Lil Wayne, Devin the Dude and Lloyd. He originally planned to release his third album “Venom” in 2011, but after he parted ways with Universal Records, the project was eventually cancelled. He gave up the EP “Ammunition” in March 2012, and was supposed to release his third album “Poison” in 2013. However, as of February 2020, it has not yet been released.
In addition to his studio albums, Seriki’s various mixed tape projects have also been successful. In 2004, he released “The Mixtape Messiah”, which contains 61 tracks on 3 CDs, the longest and most purchased mixtape in Texas history. This is also the first mixtape in the Messiah series, one of his most popular and anticipated projects. There are 7 mixtapes in the series, which were subsequently released in 2005, 2007, 2008 and 2009. Seriki started a new mixtape series called “Major Pain” in 2009 and gave up the first record in February 2010. He gave up the second “Major Pain” installment in April 2011, followed by the mixing tapes “Badazz Freemixes”, “Badazz Freemixes 2” and “Badazz Slowmixes”.
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Business and investment
In 2004, he founded his own record company Chamillitary Entertainment. He signed as an artist, along with Lil Ken and Troy Henry. Former artists include Yung Ro, 50/50 Twin and Seriki’s younger brother Rasaq. Between the mixtapes and albums, the label has released more than 20 albums. Chamillitary Entertainment was previously released by Universal Records, but has been independent since Seriki parted ways with major record labels in January 2011.
In 2003, Seriki invested in Fly Rydes, a car dealer based in Houston. The company specializes in custom cars, which he pointed out is very popular in Texas. Seriki also founded the modeling company Masterpiece Mind Frame. In 2009, Seriki and Quincy Jones III launched the Global Innovation Championship as part of the Stanford Entrepreneurship Thought Leadership Symposium series. Also in 2009, he invested in Maker Studios, an online video talent network, and Disney eventually acquired the company for $500 million. Seriki’s initial investment in Maker Studios was US$1.5 million, and he reportedly earned more than US$20 million from the sale. He also started a partnership with Mark Suster, founder of Maker Studios, the managing partner of the venture capital firm Upfront Ventures, which helped him be appointed as the company’s resident entrepreneur in 2015. After that, he took a step back from the music industry and devoted more energy to his entrepreneurial career.
Seriki’s other venture investments include its investment in Cruise Automation, a self-driving automation technology company, in 2013, which was a very successful investment because the company was sold to General Motors for more than $1 billion in 2016. In May 2019, he and rapper E-40 announced that they would invest US$25,000 in startups founded and managed by women or people of color. In September of that year, they invested in footwear company Atoms, which provided quarter-size shoes.