Chamillionaire Insists He's Still Rich
Rapper Chamillionaire 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."
- Priscilla Presley's Taking Care of Lisa Marie Presley's Twin Girls Amid Nasty Custody Battle
- Pregnant Rosie Huntington-Whiteley Covers Baby Bump in Trench Coat on Lunch Date With Jason Statham
- Fergie Shows Off Pert Derriere in Cheeky Instagram Picture
- George Clooney Finally Opens Up About Amal's Pregnancy
- Adele Named Top Music Legend of the Future
- Taron Egerton Is Seen Filming 'Robin Hood: Origins' in Croatia
- Possible 'Jurassic World 2' Plot Details Revealed
- 'Sherlock' Could Get Axed, Benedict Cumberbatch and Martin Freeman's Busy Schedules Are to Blame