So a few days ago US rapper Soulja Boy posted on twitter that he just signed a $400 million endorsement deal with a US based company World Poker Fund Holdings. This got folks talking as SOulja Boy had not released a hit in 5 yrs. Well, turns out the “Crank Dat” MC got his numbers wrong. A quick check reaveled that World Poker Fund Holdings is currently worth around $50 million. So how come a company worth that amount signs an obscure artist for $400 million cool ones? According to Forbes , the answer is, they’re not. The deal, according to Bird, includes both stock and revenue-sharing.
“He really kind of jumped the gun” by using the $400 million figure, Bird says. “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.”
Bird claims that another “mega-celebrity” will hop on board with WPFH and CelebrityWorld.com in a few days. And, in fact, it has been reported that Justin Bieber and Floyd Mayweather are both shareholders in the company.
Looks like he wouldn’t be laughing all the way to the bank just yet.
- See more at: http://www.musiccookey.com/soulja-boy-lied-about-having-a-400-million-endorsement/#sthash.oBxh0Owu.dpuf

Weed + daydreams = hallucination. In a couple of time he be heard heading to a REHAB . Shay he caught some attention!