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Yo Gotti Counts $200K, Signs ‘Moneybagg Yo’ To CMG Record Label (Watch)

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CMG founder and CEO, rapper and businessman Yo Gotti recently signed on a new artist to his record label - Memphis rapper Moneybagg Yo.

Gotti dropped in on Moneybagg and counted out the rapper's money in advance before signing paper work.

Moneybagg Yo was given $200K laid out across the table.

The transaction was all caught on video and shared via Yo Gotti's Instagram.



Watch the video.

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Business

Drumma Boy Launches “House Of Fresh” Streetwear Boutique Clothing Store in Atlanta

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Drumma Boy recently launched his new hip clothing store at a filmed grand opening in Atlanta. The new clothing store is called "House Of Fresh."



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Yo Gotti Signs With Jay Z’s Roc Nation, Drops New Song “Castro” With Kanye West

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It is official, Memphis rapper and businessman Yo Gotti has joined forces with hip hop mogul and also businessman Jay Z and has signed with the Roc Nation.



Roc Nation, an entertainment company founded by Jay-Z, already has quite the roster of artists with the likes of J. Cole, Big Sean, Rihanna, DJ Khaled, T.I. and many others signed with the company.
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The Hip-Hop Entrepreneurship Connection

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The history of the hip hop genre is an underdog story. Its roots go back to the 1970s where few made it out of tough inner cities to experience a taste of professional or financial success. Those who were left behind had little hope to cling to, but they decided to tell their stories through music and the rest is history. Today hip hop has grown to become an industry that generates billions of dollars per year and the top rappers and entertainers within the game have become savvy entrepreneurs. This transition happened because as unlikely as it seems, the connection between the world of hip hop and the realm of business is quite strong. Here's why hip hop became such a big money maker.
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