Chamillionaire has founded a new tech start up company, X Empire, that will offer users “Downloadable software applications for streaming communications with entertainers, politicians, and celebrities," according to Business Insider.
The 36-year old rapper, real name Hakeem Seriki, has raised $1.3 million of the $3 million in capital he's seeking to get his new company off the ground.
If things go according to plan, Cham will have reached the billionaire status that he feels has not been achieved as much as it should have by other rap moguls.“I walked around the music industry for a bunch of years, right? I saw a lot of rich people. I didn’t see wealthy,” he told VICE. “I got into the tech industry, I see wealthy every day. The Snapchat CEO is 24 years old and a billionaire. How many billionaires do I have to walk around the music industry to find? I’m in Silicon Valley, I’m in L.A., I’m in Santa Monica, and I’m seeing billionaires all over the place. And they’re young. That’s not in the music industry.”
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