Irv Gotti says that getting a $300M check made him act cheap.
The hip-hop impresario sold the master recordings belonging to Murder Inc. — the music company he started with his brother, Chris, which discovered Ja Rule and Ashanti, among others — for $100M, with another $200M thrown in for him to produce movies and TV shows.
He said that when he got the money, a lot of people came out of the woodwork.
But “I [had] the reaction of, ‘Yo you can’t f–k this up,’ so I kind of got cheaper. Everyone was calling me and I’m like — No, just wait a second, cause I gotta get used to having this bread,” he told Page Six.
“You know what’s so crazy? You would think when I got all this money, I would go out and go on a crazy spending spree,” he said, admitting that he “stared at my bank account for maybe like 30 minutes. I got a little emotional, I am the youngest of eight so its like ‘Pop, I made it.'” he said.
According to Music Business Worldwide the Murder Inc. CEO signed the deal with Olivier Chastan of music rights and brand management company Iconolast.
He’s not being that cheap though.
“Now I have a chef, a nutritionist and a trainer. I got to eat right and I got to workout to live longer,” he said, “I’m 52-years-old, so you damn right I’m tired. I’m getting old and that’s what we got trainers for so I’m getting healthy now.”
Meanwhile, he told us that Jay Z gave him his name.
“The world calls me Gotti right but Jay Z is the one that named me Irv Gotti he gave me the name. Long story short, my birth name is Irv Lorenzo. Jay didn’t think it was a tough enough or cool enough name for me so he started calling me Gotti,” he said.
