June 25, 2016  

Chamillionaire Insists He's Still Rich

June 4, 2010 (4:47 am) GMT
Denying the report that he's gone bankrupt, the rapper said it was his decision to have his house repossessed by bank.

Rapper has cleared up reports he is in financial difficulty following the foreclosure of his Houston, Texas home, insisting it was his choice to have the property repossessed by bank bosses.

The "Ridin' " hitmaker, real name Hakeem Seriki, recently lost the $2 million mansion he purchased in 2006 after allegedly falling behind on his bank loan repayments. But the hip-hop star claims he "decided to let that house go" because the downturn in the economy had turned the property into a bad real estate investment, reports TMZ.com.

Chamillionaire tells the website, "I was always on the road touring. I just didn't feel like it was a good business investment to pay that much mortgage for a house I was never at." And he's adamant he's still rich, adding, "I still got all the cars."

TODAY'S HEADLINES

  1. 'Rogue One' Releases More New Photos. Also Get Detail of Mon Mothma's Bigger Role
  2. Taylor Swift Flies to U.K. to Meet Tom Hiddleston's Mom. See Picture of Their Happy Outing
  3. 'Game of Thrones' Season Finale Won't Slow Down the Pace, People Will Die
  4. Audrina Patridge and Fiance Welcome Baby Girl Kirra Max
  5. Getting Married? Tyga Calls Kylie Jenner His 'Wifey'
  6. Christina Aguilera Performs 'Change' on 'Jimmy Kimmel Live!' to Support Orlando
  7. Justin Bieber's Music Video Vixen Xenia Deli, 26, Marries 62-Year-Old Man in Lavish Wedding
  8. Mariah Carey Reportedly Wants to Withhold Sex Before Her Wedding