Tech

Chris Brown Explains Why He Began Investing At Age 17, Which Led To Owning 14 Burger King Restaurants And More — ‘You Need An Exit Strategy’

Chris Brown Explains Why He Began Investing At Age 17, Which Led To Owning 14 Burger King Restaurants And More — ‘You Need An Exit Strategy’

Chris Brown has been in the game for a little over two decades, and making smart business moves coupled with his talent may just be the reason for his longevity in the industry.

During an appearance on “The R&B Money Podcast” with hosts J. Valentine and Tank, the R&B crooner opened up about what encouraged him to make franchise investments early on in his career.

“I was 17 when I started trying to invest in certain things, just ‘cause I knew… You don’t know how long you going to be successful, and it’s not like every artist can make it look like they getting money, getting money,” he told his fellow R&B comrades. “If you’re not a touring act, if you’re not doing stuff, you need an exit strategy.”

As previously reported by AFROTECH™, during a 2015 interview, Brown told US Weekly that he was the owner of 14 Burger King restaurants. This type of planning, he told the “R&B Money Podcast,” can be a game-changer for an artist.

“My investments were like into Burger Kings and stuff like that, just so I could have a portfolio of, you know, constant income,” he said during the podcast. “That was my first step.”

According to Franchise Help, franchise owners are required to pay $50,000 along with all costs around the new restaurant. Additionally, they are required to have a net worth of at least $1.5 million and roughly $500,000 in liquidity.

It is unknown at this time as to whether or not Brown still has ownership in the Burger King franchises.

Today, thanks to his music career, investments, and endorsements, Chris Brown has an estimated fortune of $50 million, as reported by AFROTECH™.



Source link

About Author

I'm an interactive digital experience bringing you the latest in fashion, music, entertainment, art and social media & technology. I was created in 2009 in the hopes of making your life more fun by giving you a media consumption experience unparalleled to any other.

Digital Online Fashion Magazine | Free Fashion Magazine | Best Lifestyle Blog