1. Wannabes (prod by Marco Castro) 2. It's a Stick Up Ft. Hus Kingpin (prod. by Al Divino) 3. Fine Wine Ft. Daniel Son (prod. by Chup) 4. Internal (prod. by Luis Blue) 5. Rilla Music Ft. Nems (prod. by Syerso) 6. Dope Move$ Ft. Vino (prod. by BodyBagBen) 7. Honor Y Gloria (prod. by Influence Beats) 8. Bodegas Finest Ft. Eto (prod. by Syerso) 9. Judgement Day (prod. by Marco Castro) 10. Eat Your Food (prod. by Syerso)
Jay-Z is worth $420 million dollars according to Forbes. No doubt he's worked hard for it. The question is, when you're that wealthy do you have an obligation to give back to those less fortunate? Or at the very least break off a chunk of cash for your own charity?
Those are questions Jay-Z is probably thinking about today after The Daily published a report claiming the superstar rapper made $63 million dollars in 2010, but only gave $6,431 to his own charity. The Daily came up with those numbers by examining tax records for the Shawn Carter Scholarship Fund.
Hov's wife, Beyonce, reportedly made $87 million dollars that same year, but did not donate any money at all to the Foundation.
According to the report, the average American gives about 3.5 percent of their income to charity. Jay-Z gave about 0.01 percent of his estimated income to his own charity in 2010.
The Foundation was established in 2003 by Jay and his mother, Gloria Carter. According to it's mission statement "Shawn Carter Scholars are studying at nearly 100 institutions of higher learning throughout the nation." Scholarships awarded help students with "the costs of books and lab fees, food, travel and other self-care expenses." But where exactly is the money to fund these endeavors coming from if Jay-Z is contributing so little?
Hov's representative, Jana Fleishman, told The Daily that the rapper contributes in other ways.
“Jay, along with his family, provided office support, overhead support, [mother] Mrs. Gloria Carter’s 100% effort and time, computers, FedEx expenses, accounting, and treasury function support. This was at no cost to the charity,” Fleishman said.
The Daily noted that tax records show the charity only had to pay $1,209 for office expenses, $1,401 for telephone, and $4,696 in other expenses in 2010.
Fleishman also said that in 2011 Jay-Z helped raise $1.25 million for the charity at its Carnival at Pier 54 event. The Daily couldn't verify those numbers because tax records for 2011 are not yet available.
To be fair to Hov he is playing two Carnegie Hall concerts for free (the first was last night, the second is tonight). Proceeds are being spit between the United Way of New York City and The Shawn Carter Scholarship Foundation, but it's not known exactly how much money that will translate into for the foundation.
To read the rest of the report head over to The Daily.
Big Fendi, the owner of Come Up DVD fires all kinds of shots in the trailer for the next volume in the series.
Doggie Diamonds of www.ForbezDVD.com interviews Big Fendi, to get the real story behind his conflicts with Nicki Minaj, Jordan Tower, Gravy, Diddy and more.
Fendi goes in on Nicki Minaj for never compensating him for helping to launch her career. If you search youtube, you will see that before Nicki Minaj changed her image into the Young Money pop star she is today, she was featured on several Come Up DVD music videos as a hardcore rapper. According to Fendi he introduced her to Waka Flocka's mother Deb Antney, who became her manager for a while.
"Everybody know this DVD right here started Nicki Minaj's whole career," says Fendi. "I changed her name, I changed her image. Me and Nicki Minaj was arguing because I wanted her to be the sex symbol, talk about p*ssy and get n*ggas open, and she told me I was disgracing her name. But she [now] still talks about p*ssy and a$$, a$$, a$$. So is she following my blueprint? I gave her to Debbie [Antney] on some management sh*t--Waka moms and sh*t went left after that. Nicki goes to Atlanta and becomes a new Nicki after that. Debbie started questioning me as far what I ever did for her. So now, Nicki hanging out with Debbie," Fendi continues. "I call Nicki to tell her about my birthday party coming up. Nicki started telling me I need to holla at Debbie. Nicki piggybacked off Debbie to get with Puff [Diddy]. Puff aint did no more. Debbie aint did no more."
After all he did for Nicki, Fendi said he was expecting some form of financial compensation, but never got any.
"She gave me credits on her album, woopty-fucking-doo. 'Shout out to Fendi for teaching me everything.' I read that...I was like 'OK, but where the f*ck is the money at?' I'm the reason why Nicki Minaj is with Young Money," Fendi claims. "I spoke to Tez, who's the President of Young Money right before Wayne came home [From Rikers Island]. He was like, 'Yo Fen when Wayne gets home we gonna straighten you out.' N*gga I aint heard from Tez since."
Fendi sh*ts on his former artist Gravy, the rapper who played Biggie Smalls in the movie "Notorious" as being an ungrateful fraud with a fake image.
"Gravy was my son. Like a n*gga that I took care of like mt little boy," Fendi said. "N*gga's jewelry was fake, I got him real jewelry. Anything negative that come out of Gravy mouth about me, n*gga need to smack him for that. Cuz he aint built like that."
Fendi also accuses director Jordan Tower of stealing his videos and featuring them on WorldStarHipHop as his own and says Diddy's Dirty Money group name belongs to him.
Fendi says he will end a lot of people's careers when he releases Come Up DVD Volume 23 on March 3rd.
Shouts to Doggie Diamonds and M. Reck of Forbez DVD and Big Fendi.
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