For every successful venture Diddy, Jay Z, and 50 Cent engage in there are countless others that miss the mark. Tread lightly seems to be the best advice for rappers turned entrepreneurs, as many of the business moves made by even the most successful artists end in failure.
Most recently, Lil Wayne was allegedy looking to get into the sports management game. In a move that mirrored Jay Z’s Roc Nation Sports. Wayne’s first client was reportedly Cristiano Ronaldo– a claim Ronaldo went on to quickly deny. While the two have been friends for awhile, is the sports hustle where Wayne will really shine?
There have been news about changes on my management team – it's all false, and I can assure the team is – and will be – the same.
— Cristiano Ronaldo (@Cristiano) July 26, 2014
What can you say, other than when you switch lanes, make sure you keep your eyes on the road?
Check out our breakdown of some of hip hop’s big business misfires.
Mary J. Blige – Burger King
Mary J. Blige’s Burger King commercial featured her singing about a fried chicken wrap to the melody of her song “Don’t Mind.” The ad was widely criticized for playing into African American stereotypes, and was quickly pulled from the air by the fast food chain. Missteps all around. After the spot leaked, Blige commented saying “I would never just bust out singing about chicken and chicken wings,” and that “it hurt my feelings and crushed me for two days.”