Many fans have long assumed that Ye borrowed the name “Yeezy” from Jeezy and Lil Wayne (“The hood love to listen to Jeezy and Weezy/And oh yeah, Yeezy!” he rapped on 2007’s “The Glory”), it turns out Beanie Sigel actually coined the name a few years earlier.
Kanye told NORE and DJ EFN on Drink Champs: “People who liked me in volatile situations always nicknamed me, so it seemed like I was as cool as them. My boy Mali, who used to sell guns, called me K. -Rock when I was supposed to be on 79th and stuff like that Yeezy was Beanie’s name to me when I was in Baseline [Studios]. As on some, “Oh, that’s Yeezy,” make him one of us. He made me wear his state property necklace. He really just hugged me.”
In exchange for coming up with the name on which his billion-dollar empire was built, Kanye West wants to lavishly reward his former Roc-A-Fella Records cohort.
During a performance in his hometown of Philadelphia last weekend, the Broad Street Bully revealed that Kanye has promised him a huge payday, including a check for $50 million and a five percent stake in his Yeezy company.
‘Recently I got a call from the muthafucka. He said Sig would receive $50 million and a five percent stake in Yeezy,” Beans said in a video shared online by Fake Shore Drive‘s Andrew Barber. “And I don’t know if the n****s know, Yeezy’s made $1.7 billion last year.”
According to Forbes Beanie Sigel’s math is correct, Kanye’s Yeezy brand indeed generated $1.7 billion in sales in 2020 alone, bringing Ye $191 million in royalties. The brand’s success has led to long-term deals with both Adidas and Gap, and Kanye’s personal net worth has risen to $1.8 billion a year. Forbes. While it’s unclear exactly how much Beanie Sigel’s five percent stock is worth, the figure is sure to run into the millions.
Kanye West also added in his Drink Champs interview that he is trying to follow Beanie Sigel to reward him for inventing the name Yeezy.
“I still owe Beanie money and I’ve been trying to give him this money for a while,” he said. “I’m like, ‘This guy made up the name.’ It’s like the lady who made the Nike swoosh, Phil Knight [co-founder and former CEO of Nike] made sure she was straight.”
Kanye West and Beanie Sigel were both famously signed to JAY-Z’s Roc-A-Fella Records in the early mid 2000s, during this time the rappers collaborated on classic songs such as “The Truth”, “Nothing Like It ” and “Champions.”
Beans even claimed that he saved Kanye from once being robbed of his Roc-A-Fella necklace by strangers at a restaurant.
“I got there and I asked Kanye, ‘Yo, do you know this guy here?’ He was like, ‘Nah,’ and I pulled the charm from [under] him,” he told VladTV in 2012. “The jackers responded to me as they should and took a little more than a few steps back.”
However, in 2007, the former label mates clashed after Beanie Sigel questioned Kanye West’s sexuality and urged him to “come out”. You fired back by calling Beans comments “so disrespectful” while asking, “Why not come over and talk to me about it?”