Beanie Segal on Kanye West promising him $50,000,000 and 5% of Yeezy for coming up with the name “Yeezy”
Beanie Sigel Confirms Kanye West Owes Him $50M & 5% Stock In Yeezy
During Kanye West's recent appearance on DJ EFN and N.O.R.E.'s Drink Champs, Ye said that Beanie Sigel was the first to call him Yeezy.
As Kanye told N.O.R.E. and DJ EFN, “People who took a liking to me in volatile situations would always give me a nickname so it seemed like I was cool like them. My boy Mali who used to sell guns, he called me K-Rock when I would be on 79th and stuff like that.
“[Yeezy] was Beanie’s name for me when I was in Baseline [Studios]. Like on some, ‘Oh, that’s Yeezy,’ make him one of us. He let me wear his State Property chain. He really just embraced me.”
Fellow Roc-A-Fella alum appeared in his hometown of Philadelphia over the weekend, telling onlookers in a new video that Yeezy promised $50 million for coining the now-iconic term – saying he was going to pay him some how, some way.
“I got a phone call from the muthafucka the other day. He said Sig gon’ get $50 million and a five percent stock in Yeezy,” Beanie said in a video. “And I don’t know if n***as know, Yeezy’s did $1.7 billion last year.”