Part 1 of Kanye West’s Drink Champs interview which currently stands at 7 million views, had many memorable moments. During the interview Kanye West revealed it was Beanie Sigel who created the nickname Yeezy.
“YEEZY was Beanie’s name for me when I was at Baseline. On some like ‘That’s YEEZY’ … make him one of us. He let me wear his State Property chain. He really just embraced me,” West explained on Drink Champs. “I still owe Beanie money, and I been trying to give him this money for a minute. I been trying to give it to him … this man-made up the name. It’s like, you know, the lady who made the Nike Swoosh. Phil Knight went back and made sure she was straight.”
Shortly after the interview aired on Revolt, Beanie Sigel at a club in Philly, told the crowd on hand Kanye was ready to pay up. “I got a call from the motherf–ker the other day, Kanye West, he said ‘Sig I owe you $50 million USD and 5% stock in YEEZY.’”
Fast forward to Sunday (November 14), Beanie Sigel appeared on TMZ live where he stated Kanye doesn’t owe him a penny. Instead, Sigel would love to do business with West. “You give somebody a fish today, he gon’ eat for the day. If you teach somebody how to fish, he gon’ eat forever. He gon’ teach his family how to fish,” he said. “I’m not even thinking about a number but I would love to do some business where I can earn some money. ‘Cause I’m a earner. I never was the type to take this for a hand-out.”
Sigel compared himself to West and is all for linking up for business ventures. “I got a lot of business ventures that I think if me and Kanye was to sit down and have that opportunity to present it to him, you know, it’s some money on the table that I can earn,” Sigel said.