Meek Mill Becomes Co-Owner of Lids

Meek Mill Becomes Co-Owner of Lids

photo credit: Randy Miramontez // Shutterstock

Meek Mill’s stock just went up!

The Philly rapper just became co-owner of Lids, the largest retailer of hats and licensed sports products in North America. It was announced on Wednesday in an interview with Business Insider, Meek will be the company’s creative strategy leader. His first release will be in August, a limited-edition line of hats.

“You know, this is my boss year.” Meek told Business Insider, “I’m trying to get ownership in a lot of things to where I can still live comfortable the way I was living in my prime years as a rapper. I’m just trying to build a foundation of some good businesses that’ll keep me living good. And, Lids, I’ve been shopping at Lids my whole life, wearing hats, fitteds, of course, fitted hats and caps, all types of hats. In our culture, it’s been a big thing. So, it was something I ain’t have to think twice about and always believed in, that it’ll work.”

Meek has a pretty good friendship with Michael Rubin, the co-owner of the Philadelphia 76ers. Rubin visited Meek while in prison and after his release, flew Meek to a Sixers game by helicopter. Rubin is also the executive chairman for Fanatics, the sports retailer that partly owns Lids.

Meek is getting pretty good with his networking skills. Something he seems to have adapted from Jay Z. Telling Business Insider, “He’s just a different type of guy. He’s about his business. He’s never late, he’s on point. He’s checking on his business every chance he gets. Basically, I’ve seen Jay-Z, and then I’ve watched other artists who came up around his time. He actually built something. He built businesses, and he built things that made him become the man who he is, that we could call a billionaire guy. He built that, and I watched that, and I studied that. That’s why I’m working the way I’m working now to build a foundation for myself too.”

Congrats Meek!

Written by Clarke Jones

 

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