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Ray J is projected to make $200 million in 2020, with ScootEbikes / LOOPShare; Will Ray J become the next hip hop billionaire?

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Ray J is projected to make $200 million in 2020, with ScootEbikes / LOOPShare; Will Ray J become the next hip hop billionaire?

By Jay Rich
Hip-HopVibe.com Staff Writer

Pay close attention and people should notice Ray J slowly separating himself from music, and embracing business. For the first time, since he was regularly cranking out hits, Ray J is on TV, every day. This is with the commercial for his headphones company.

Ray J, on “Love & Hip Hop Hollywood,” began making business moves, beginning with ScootEbikes. This was when he was trying to win back the love of Princess Love. After he told her he wanted to marry her, he began working on his business ventures.

As the head of Raycon Global, Ray J has silently been making some serious business moves. With ScootEbikes, and LOOPShare, Ray J has a first of its kind bike sharing company. This venture, according to projections, will earn $200 million in 2020.

Early this year, Ray J sold ScootEbikes to LOOPShare, making $34 million off the purchase, along with 18 million common shares in the company. With the venture projected to make $200 million, next year, Ray J could very well be inserted into the conversation with Jay-Z and Diddy as hip hop’s top earners.

Source: The Shade Room

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