Music and tour sales are clearly not enough to keep the lights on for Chris Brown as the singer has revealed he owns 14 Burger King restaurants. The R&B star revealed the unexpected source of income in an editorial piece for Us Weekly magazine.
The Loyal chart-topper contributed a list to the publication titled 25 Facts You Didn't Know About Me, in which he confirmed his shares in the popular fast food company. It also sheds some light into the 26-year-old's finances as the Burger King corporate website states that in order to qualify as a franchisee, the investor must have a minimum net worth of $1.5m and $500,000 in liquid assets.
Dependent on its size and location, it can cost between $1.2m to $2.2m to develop a Burger King restaurant. The individual would also have to pay $50,000 to purchase a 20-year franchisee agreement with the food chain. Multiple media outlets report that Brown's net worth is estimated to be $30m and in the article, the singer reveals he made profits of $4m in the first year his clothing line was launched.
It is not known when the Body On Me singer became a franchisee but he confessed to his love of burgers when he was released from jail in June 2014. He told Billboard magazine: "You're more appreciative of everything else that's on the outside. A burger tastes 1,000 times better when you're out."
Perhaps Brown is making smart business moves to invest in the future of his one-year-old daughter, Royalty, whom he shares with his former friend Nia Guzman. In July 2015, the singer made it clear that he is providing for the toddler by accusing Guzman of using their daughter as a "meal ticket". He tweeted: "Some men my age run from their responsibility as fathers. I embrace mine. Just sucks that some females use children as meal tickets."
TMZ reported that the Grammy-winner had stopped child support payments after Guzman allegedly demanded that she receive $15,000 a month from him. She is said to have eventually settled on $10,000.