Fans were shocked and divided over resurfaced comments from billionaire rapper Jay-Z, where he stated he refused to to loan his cousin $4,800.
via: HotNewHipHop
The legendary rapper, who is worth approximately $2.5 billion, explained his side of the situation while speaking with Kevin Hart on his talk show, Hart to Heart, in a clip that has resurfaced on social media.
JAY-Z went on to say that he was frustrated when his cousin remarked that he didn't "believe in their dream." The cousin also suggested it would return Jay a profit of $2 million. The comments have been dividing fans on social media, with many suggesting it was a selfish move by Hov.
One user on Twitter wrote: "Jay Z has 2.5 billion dollars, his cousin asked for 4800 and he said no. To put that into perspective, that’d be the equivalent of someone who made 50,000 a year being asked to give a dime." Another defended him: "The problem is once you say yes that first time, they always think they can come back to you for more. And it also makes the people around them feel more comfortable asking as well. They become dependent and it’s a very slippery slope." Check out JAY-Z's explanation of the situation below.
Elsewhere in the interview with Kevin Hart, Jay discussed his eventual plans for retirement, not accepting money for features, and more. Jay and Hart have been friends for years at this point. The comedian recently hosted at JAY-Z, Meek Mill, and Michael Rubin’s casino night event for the Reform Alliance. The star-studded evening welcomed Tom Brady, Kim Kardashian, and many more celebrities who helped raise $24 million for criminal justice reform.
No shade, but I'm not lending anyone a huge amount of money that I know the person I'm lending said money to isn't going to be able to pay me back the loan. I'm also not taking a gamble on a business idea that you can't guarantee will make me the amount you said it would ($2 million).
If I do lend a close friend or family member that amount of money, you would need to present me with some sort of business plan if I'm going to be giving you $4,800. Also, commenters really need to stop telling these celebrities how to spend their money.
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