KNOW YOUR WORTH:💎 CHANCE THE RAPPER HAS BEEN TURNING DOWN $10MILLION DEALS TO STAY INDEPENDENT. 💰💰
Chance the Rapper is reportedly turning down some very generous record label offers after he achieved a historic win at the 2017 Grammy Awards.
According to New York Post reports Chi-Town MC Chance The Rapper has turned down offers worth up to $10 million (R130 million) 😲, ever since he beat Drake and Kanye West to win the Grammy Award for Best Rap Album. 🏆
An insider allegedly told the Post: "Every label is still trying to get him. He's making too much on his own... He was turning down $5 (R65,2 million) million advances before, and now it's like $10 million."
Despite not having a record deal, Chance's streaming-only album Coloring Book scooped Best Rap Album, Best Rap Performance and Best New Artist at the Grammys ceremony.
In an interview with Vanity Fair he explained that he made his money from "touring and selling merchandise... and I honestly believe if you put effort into something and you execute properly, you don't necessarily have to go through the traditional ways".
Chance is managed by Patrick Corcoran, aged 26, with former CAA agent Cara Lewis also assisting him with deals.
Corcoran expained that much of Chance's appeal to fans lies in his transparency, thanks to his solid presence on social media.
"People have a good understanding of artists these days," he told Billboard in an interview which took place after Chance was nominated for seven Grammys.