August 26, 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. Pressed About Gay Cover-Up Rumor, Here's How Will Smith Reacts
  2. Bryan Singer Confirms 'Legion' Will 'Relate' to Future 'X-Men' Movies
  3. Demi Lovato's Reportedly Dating UFC's Luke Rockhold
  4. Do You Ever Find Group Chat Annoying? Kerry Washington Perfectly Portrays It in Fake Movie Trailer
  5. Ellie Goulding Releases 'Still Falling for You' Video From 'Bridget Jones's Baby'
  6. So, This Is Apparently Why Jennifer Lopez Broke Up With Casper Smart
  7. Helen Mirren in Talks to Join New 'Nutcracker' Movie, Sarah Paulson Eying a Role in 'Ocean's Eight'
  8. Young Thug's 'No, My Name Is Jeffery' Album Cover Sparks Hilarious Memes