In 2015, rap star Rich Homie Quan sued his label Think It’s A Game Entertainment and its CEO for $2 million in unpaid royalties.
According to him, the CEO used his funds to buy an estate in Atlanta for $159,500 and even pocketed $550,000 from a distribution deal with Def Jam for “Type of Way,” TMZ reported. Although Think It’s A Game Entertainment asked for an ‘out of court’ settlement, the two parties parted ways.
Several years down the line, Quan has created his own path and he is now a CEO and a real estate investor. He is the founder of the record label Rich Homie Entertainment. He started the label in partnership with industry veteran Troy Carter and Venice Music.
“For my last 10 years in the game, I have learned independence is the lane for me,” Quan said in a statement in August 2022, according to Vice. “I am blessed to meet Troy and his team and I’ve been impressed with their work to help RHQ Ent excel.” The Atlanta native added, “I am grateful to God for this alignment. I look forward to working with Venice and my managers at Stronger Together for many years to come.”
That year, Quan also signed a new co-management deal with Stronger Together as he made moves to come back to the music scene.
Touching on his journey as a real estate investor, Quan told Trapital’s Dan Runcie that the sector has been a great success for him. According to him, he made over $1 million from rental properties and from selling his first home as well as flipping properties.
“I think last year I made a million plus on real estate and not a music check involved,” he disclosed in an interview with Trapital last month.
Quan said his next move is to introduce the younger generation into real estate. “Less jewelry, less flashy — and get the things that really matter. We gon’ screen the block. Let’s go buy a couple of properties on the block. So, now we have a reason to rep the block.”
Speaking of his rise from an artist to a music CEO, he told Trapital that he is not going to stop writing music as it is a passion. “Ten years from now, I’ll be four, I won’t be focusing on Quan the artist,” he said. “But as far as Quan the CEO coin, [I] may start writing more because I just love music that much. And I still can’t see myself not creating.”
