Kanye WestāsĀ appearance onDrink Champs is still a topic of conversation weeks later. Aside from addressing his beef with Drake, impending divorce from Kim Kardashian and a bevy of other topics, he gave Beanie Sigel credit for coining the name āYeezyā and admitted heād been trying to pay Sigel for his contribution to the Yeezy brand.
Sigel later revealed Kanye once promised him $50 million for coming up with the nickname, saying, āI got a phone call from the muthafucka the other day. He said Sig gonā get $50 million and a five percent stock in Yeezy. And I donāt know if n-ggas know, Yeezyās did $1.7 billion last year.ā
Waitā¦ Beanie Sigel says Kanye has promised to give him $50M and 5% stock for creating the name Yeezy. (via @Viralmedia___ ) pic.twitter.com/Sr160UvZOo
ā Andrew Barber (@fakeshoredrive) November 8, 2021
Now, it looks like Kanye West mightāve finally paid up. On Monday (November 29), photos of Beanie Sigel and Freeway spreading a large stack of $100 bills on their arms hit the internet. Just days earlier, Sigel jokingly said heās available for ānickname consultationā for a cool $100,000.
Despite Beanie Sigelās blatant display of wealth, he told TMZ last week he didnāt care about the money.
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āI did name him that but as far as his business mind and where he took it, Kanye worked hard for this,ā he said. āKanye donāt owe me nothing. I donāt know if I would take a number. Because you give somebody a fish today, he gonā eat for the day. If you teach somebody how to fish, heās gonā eat forever. Heās gonā teach his family how to fish.
āIām not even thinking about a number, but I would love to do some business where I can earn some money ācause Iām an earner. I never was the type to take just for a handout. My mind is sorta like Kanyeās mind ā¦ I think outside the box. Iāve got a lot of business ventures that I think if me and Kanye were to sit down and I had that opportunity to present it to him, itās some money on the table that I can earn.ā
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JAY-Z was initially credited with shortening āKanyeezyā to āYeezyā in an intro to a 2003 song. Kanye then used the name on the 2007 album Graduation. He eventually named his adidas collaboration Yeezy in 2015.