Ray J Is Making Money Moves: His Bike-Sharing Company Is Set To Make More Than $200 Million Next Year
Ray J probably hit the jackpot in terms of business. It seems that his bike-sharing company called ScootEbike is extremely successful, as reported by the latest news coming from The Shade Room.
Ray is expected to secure the bag in style in 2020, and you can read all the juicy details below.
TSR reveals readers that 'Back in January 2019, LOOPShare, a micro-mobility, and ride-sharing company focused on sustainable urban transportation, announced that it entered into an Asset Purchase Agreement with Raytroniks Corporation to acquire the ‘Scoot-E’ brand. Ray J ended up walking away with about $34 million and over 18 million common shares in LOOPShare.'
They continue and write that 'ScootEbike/Loopshare scooters will hit the market in early 2020 offering to provide users with the ability to use advanced telematics and digital dashboard services unlike any other bike-sharing company in the world.'
It seems that this can become a huge company - a billion-dollar business in 2 years.
People appreciated his money moves, and they made sure to congratulate the man in the comments.
A follower said: 'YASSS CONGRATS👏🏽 You should never sleep on anyone coz boy that wake up call be real.😎💅🏽💰'
Someone else posted: 'so crazy cause this is my first time hearing about these bikes & it made a fortune. 😂'
Another commenter said: 'I heard his headphones were lit and way cheaper than Apple also.'
One fan wrote this: 'Well Damn maybe Suge is right to let him handle his money,' and someone posted: 'Ray is so underrated he making big money moves.'
In other news, it's been reported that Ray was getting flirty with a woman recently and that's why he allegedly canceled his tour .