No Limit took 85% profit off of all sales. That was unheard of! CEO of Interscope is unemployed now and Percy is $350M richer. In an interview the exCEO said he figured Percy would be died in a couple of yrs...so he cut the deal. Guess he forgot to do a background check on him. Percy attained the Univ of Houston on a basketball scholarship and was majoring in Business before he blew a knee. Was also married to Sonya for a couple of years, and had Lil Romeo and a daughter at the time of the deal. Percy is a great story teller. Talked about how he was all hood but in reality he grew up with his grandmother. In essence he told the story of his older brother's, who was murdered dealing, life.
Yeah, when the earlier poster referred to "living beyond your means", I thought, "In this case, I don't think so..."
I remember an article in Forbes magazine a number of years ago contrasting the business models of Puff Daddy [or whatever he was calling himself back then] and Master P. While they questioned the latter's long-term prospects, they left no doubt that his bottom-line was light-years ahead of the Samplin' Fool.
Sean John was just getting off the ground then, so it would be interesting to have his case re-examined. But if Percy wants to live in a 40,000 square foot house, he's entitled.
