50-year-old Rapper Coolio Selling Rights To ‘Gangsta Paradise’ To Fund Cooking Career; All 123 songs that pull in $23,227 per year in royalties will be up for grabs for between $134,000 to $225,000.

Coolio Selling Rights To ‘Gangsta Paradise’ To Fund Cooking Career

CHARISMA MADARANGFOODBEAST AUG. 21, 2013, 7:04 PM 2,193 2

cookin-with-coolio

Coolio, the man who reshaped Stevie Wonder’s “Pastime Paradise” to bring the 90s “Gangsta’s Paradise,” is selling the rights to his Grammy-winning single, along with 122 other songs. Why would he ever do such a thing? Apparently, the rapper is auctioning off the rights to his music catalog in order to further his career as a chef. Some of you might remember Cookin’ With Coolio back in 2009, a cookbook that made him a New York Times-bestselling author. According to a press release, Coolio is planning to “invest the funds from the song catalogue sale to expand his cookbook series and his online cooking show of the same name.” Even though the 50-year-old rapper hasn’t hit the album charts in over a decade, his old-school hits are reported to pull in  $23,227 per year in royalties. All 123 songs will be up for grabs at the Royalty Exchange and are expected to fetch between $134,000 to $225,000. While I have nothing but well wishes for Coolio on his journey into the realm of food, I’ll admit that I’m a little put out. As soon as I found out that he was selling off “Gangsta’s Paradise,” I blasted that ish for everyone at the Foodbeast office to hear. I choked up a little, thinking back to Michelle Pfeiffer donning a leather jacket on Dangerous Minds. Then, on cue (I shit you not), everyone began singing along to the lyrics and for just a split second, we we’re all back in 1995 listening to beats streaming from our cassette players. Again, while I respect Coolio’s decision to follow his dreams, most of us can’t help but feel a pang of nostalgia. So, here it is, one more time while it’s golden.

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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