World Poker Fund Holdings and CelebrityWorld.com spokesperson Matthew Bird clarifies Soulja Boy’s alleged $400 million endorsement deal.
Atlanta rapper Soulja Boy will not receive $400 million cash as part of a newly-announced deal with CelebrityWorld.com, according to a spokesperson for the company.
According to spokesperson Matthew Bird, who recently spoke with Forbes, the deal Soulja Boy tweeted about earlier in the month “is not a fully cash transaction,” and is instead reliant upon a number of different factors.
“He really kind of jumped the gun,” Matthew Bird said while speaking on Soulja Boy. “The deal is capped at $400 million, and it’s based on a forward-thinking valuation of the company. He’s young, he’s 25 years old. He got really excited, and he tweeted something he probably shouldn’t have tweeted. He was getting a lot of pressure from within the entertainment community, so he wanted to put a statement out. Obviously, the company’s market cap is at $51.8 million. There’s no way they could cut a $400 million deal. Endorsement deals are calculated on a lot of different factors. This is not a fully cash transaction.”
At the top of this month, Soulja Boy tweeted about confirming a $400 million deal.
“$400 million deal confirmed. I still they think they low balled me though. I was thinking 2 or 3 billion..,” the rapper wrote in a tweet sent on May 1.
Soulja Boy has yet to respond publicly to Bird’s comments about the rapper jumping the gun.
For additional Soulja Boy coverage, watch the following DX Daily:
Of course he did
deleted another comment hiphopdxtrash!
Yeah…….I bet everybody is so shocked, lmao. Soulja Girl takes another massive L
Hahahaha… Thats really funny because you called him “soulja girl” inatead of “boy” haha… Thats hillarious haha. Great joke! He is a “girl”, a “woman” – what an insult! Haha good one! Women are weaker and dumber thab men – just look at your mother, grandmother and sister
@okay. You having a panic attack or something? Lol. That you soulja girl?
Calm down okay it was a joke you numb scull.
Ummm did you just upvote your own comment 21 times?
Hey prince soul, the truth hurts fuckboi and everybody agrees except you. Just look at the other comments. Get his dick out ya mouth. Did u just write the same comment 4 times?
I’m really worried about our youth. He’s lucky they don’t cut him out of the deal and file a lawsuit for lying to the market.
No shit.
This LAME been bullsh*ttin’ on all the wrong areas, where’s the classic music, unique talents & superior business Soulja Girl?! You a wack wanna bee that never was………….
Didn’t take a genius to figure this out ! Another bum rapper acting like he getting a cash transaction of 400 million hahaha love how he got called out by the spokesperson they should drop his ass !
Basically he gets a bag of weed and 400 dollars
this guy is the king of fake stunting and people paid this mind? LMAO
Lol why are all you hating on soulja boy like he totally lied about that money. The dudes still making more money with this one business deal than 99% of y’all will make in your life
its only 82% less then what he claimed
The hoe ass nigga strikes again.
That’s the problem…he wanted to be validated and he jumped the gun. Should’ve waited and then after years of this endorsement when you get that 400 milli bust out and then talk about it. That $150 mill isn’t bad either btw but still make your money in silence…
150? Wtf are u taking about?
Obviously this clown was never getting anything close to $400M but the fucking idiots on this site kept pushing the story with no source of any kind other than that fool Soulja Boy’s personal Twitter account, verify the truth before you post bullshit articles in future you fucking idiots
Isn’t this the same dude that posted the pics with fake cash . Gtfoh
World Poker Fund Holdings: “Mr. Way, we’d like to offer you a potentially $400M-worth endorsment deal ….” / Soulja Boy: [clicks on Tweet button] / WPFH: ” … in virtual poker chips!” / SB: “Yo…”
People do this all the time. If the deal is potentially worth $400M then there’s nothing wrong with saying that. He never said $400M Cash. He said $400M deal. When athletes say their deal is worth $100M or $Xdollars etc… it’s never all guaranteed dollars. It is based on hitting certain metrics through the term of the deal. Fuck this clown regardless….but yeah…..Them releasing this statement was unnecessary and potentially counter productive
“Haters gonna be Haters”……………broke niggaz stop hating! on Soulja Boy.daaaaaah!
I think all the smart people knew this wasnt possible. soldier boy is an idiot
Hahaha dumb ass nigga. It should be against the law to give that nigga 400 mill, especially how stupid these rappers be spending there money on dumb ass shit and just use it to flex on social media. All these rap niggas are so insecure, don’t matter how rich they are.