By now, I’m sure you’ve heard that Hov sold Rocawear for $200 million plus a possible $35 million in stock.
That’s reportedly $200 mil in CASH.
At the same time, thru the deal, he still maintains control of the brand, overseeing all product development, marketing and licensing for Rocawear.
ANNNNDD, as if that wasn’t enough, there’s still another part of the deal that allows him to launch The Sean Carter Collection.
I’m no financial analyst but somebody should’ve told the man that he’s gonna get hit hard on capital gains taxes though. Next time, opt for stock and then cash out after a period of time, Sean.
While not unprecedented (Russell did it a few years ago with Phat Farm), you still have to give Hustler Hov his just due.
“I need a new hustle/A little bit of everything, the new improved Russell…”
Regardless of how you stew it, it’s still a standing ovation, word to Jeezy.
That’s what’s up.
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