Kanye West received a surprise visit from Beanie Sigel during his Sunday Service event.
On the YE Drink Champs episode, he said the following, “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,” Ye said. “(Yeezy) was Beanie’s name for me when I was at Baseline. On some like ‘That’s Yeezy’ … make him one of us. He let me wear his State Property chain. He really just embraced me.”
The name would become a powerhouse in fashion and the shoe genres, but Beanie Sigel explained that Kanye told him that he would offer him 5% stock in Yeezy brand along with $50M, which has yet to be paid out.
“I still owe Beanie money, and I been trying to give him this money for a minute,” he told DJ EFN and N.O.R.E. “I been trying to give it to him … this man made up the name. It’s like, you know, the lady who made the Nike Swoosh. Phil Knight went back and made sure she was straight.”
Beanie Sigel did confirm the conversation Kanye had with him about money during a club appearance in his hometown of Philadelphia, Sigel revealed just how much money Ye has been trying to give to him.
“I got a call from the motherf*cker the other day, Kanye West, he said ‘Sig I owe you $50M and 5% stock in Yeezy,'” Beanie told the onlooking crowd.
Wait… Beanie Sigel says Kanye has promised to give him $50M and 5% stock for creating the name Yeezy. (via @Viralmedia___ ) pic.twitter.com/Sr160UvZOo
— Andrew Barber (@fakeshoredrive) November 8, 2021
Following the comments, Beanie Sigel pulled up on Kanye West at his weekly Sunday Service event. Beans shared emotional pictures of the two men smiling together after the reunion. It hasn’t been confirmed if they discussed any potential business plans.