Chamillionaire is an American rapper, entrepreneur, and investor from Houston, Texas. He is the CEO of Chamillitary Entertainment, a record label, and he has also released several albums as a solo artist. In this blog, Fidlarmusic will be providing an overview of Chamillionaire’s Net Worth, life and career.
What is Chamillionaire’s Net Worth and Salary 2023?
Chamillionaire is a $50 million-plus American musician, rapper, and entrepreneur. In addition to his successful music career, he has amassed a large portion of his net worth from his various investing endeavors and his role as CEO of entertainment business Chamillitary Entertainment.
Hakeem Seriki, better known by his stage moniker Chamillionaire, was born in Washington, DC. on November 28, 1979 When he was three years old, the family relocated to Houston, Texas. He went to Jersey Village High School, where he grew interested in rap music. Rasaq Seriki, his younger brother, is a rapper as well.
Seriki and fellow rapper and buddy Paul Wall were advertising at an event when they encountered Michael “5000” Watts, a prominent mixtape DJ active in the Houston region. They offered to help promote Watt’s brand Swishahouse and persuaded him to allow them freestyle on an opener to his radio show on Houston hip-hop station KBXX-FM.
Watt’s included their freestyles on one of his mixtapes, and they quickly became fixture in the Houston rap culture and mixtape circuit. The Color Changin’ Click was formed by Seriki and Wall. They also collaborated on the album “Get Ya Mind Correct” (2002), which sold over 150,000 copies.
The Color Changin’ album was nominated for independent album of the year by The Source Magazine in 2002, and they began to build a name for themselves.
Seriki’s solo debut album, “The Sound of Revenge,” was released in 2005 by Chamilitary Entertainment and Universal Records. It debuted and peaked at No. 10 on the Billboard 200 chart in the United States, and was eventually certified platinum by the RIAA.
The album also yielded the breakthrough tune “Ridin’,” which peaked at No. 1 on the Billboard Hot 100 and earned him the 2007 Grammy Award for Best Rap Performance by a Duo or Group.
Ultimate Victory” (2007) was Seriki’s second studio album, and featured guests such as UGK, Lil Wayne, Devin the Dude, and Lloyd.
He had plans for a third album titled “Venom,” which was originally scheduled to be released in 2011, but the project was eventually scrapped after he parted ways with Universal Records. He dropped an EP “Ammunition” in March 2012, and was supposed to release a third album “Poison” in 2013.
Seriki’s various mixtape projects have been wildly successful in addition to his studio albums. In 2004, he released “The Mixtape Messiah,” which featured 61 tracks over 3 CDs and is the longest and most bought mixtape in Texas history.
It was also the first mixtape in what would eventually be one of his most popular and highly anticipated projects, the Mixtape Messiah series, with subsequent releases in 2005, 2007, 2008, and 2009.
Business and Investing
Chamillitary Entertainment, his own record label, was founded in 2004. He is signed as an artist, as are Lil Ken and Troy Henry. Former artists include Yung Ro, 50/50 Twin, and Seriki’s younger brother Rasaq.
Seriki invested in Fly Rydes, a Houston-based auto dealer that specializes in customizing cars, which he noted is quite popular in Texas, in 2003. In 2009, he co-founded the Global Innovation Tournament with Quincy Jones III as part of the Stanford Entrepreneurial Thought Leaders Seminar Series.
Seriki’s other ventures include a 2013 investment in self-driving automation tech company Cruise Automation, which 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 $25,000 in a startup founded and managed by a woman or person of color, and in September, they invested in the footwear company Atoms, which offers shoes in quarter sizes.
How did Chamillionaire get rich?
Early in his career, he invested in Maker’s Studio, which would later be sold to Disney for a reported $675 million. While it’s unknown how much Chamillionaire made in this investment, he invested early and made a significant profit upon his exit.
Does Chamillionaire own LYFT?
Lyft, which was worth a reported $2.157 billion in 2018, went public recently with some early investors selling their stakes for a very pretty penny. Activist investor Carl Icahn sold his stake– reportedly worth $550 million at the IPO price–but Chamillionaire doesn’t plan on sellling his.
What did Jordan do to Chamillionaire?
In 2009, Chamillionaire crossed paths with Michael Jordan at a party for the basketball legend after bidding over $7000 for one of his jerseys at a Reggie Bush charity auction. After seeing Jordan posing for pictures with some ladies at the party, Cham tried for his own snapshot with him.
We hope you enjoyed this overview of Chamillionaire. He is a talented rapper with a unique style and an interesting story. We appreciate your time and hope you have learned something new about this artist. Thank you for reading!