Earlier this month rapper Soulja Boy started bragging about inking a $400 million mega deal.
The lie detector test determined that was a lie...
As the news of Soulja Boy's alleged $400 million contract began picking up steam mainstream media began digging into the claims and then the whole lie fell apart.
Forbes Magazine caught up with CelebrityWorld.com owner Mathew Bryd who says Soulja spoke too much and too soon.
According to Forbes,
He really kind of jumped the gun by using the $400 million figure. 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.”
Fun Fact: Soulja Boy has been caught faking his wealth time and time again [click here and here if you missed that].