Getty/The Soap Shop Composite
As coronavirus fears skyrocket and the stock market plummets … Soulja Boy‘s making a whole lot of money off a pretty clean gamble.
Sources close to the rapper-turned-entrepreneur tell TMZ … he’s invested in a company called The Soap Shop — which, of course, sells soap products and the like. We’re told Soulja went in on a franchise location in Mississippi last year with his manager, CEO Miami Mike.
Our sources say Soulja’s trying to diversify and heard it was a good investment opportunity. What he didn’t know is how well-timed it was.
As you know, the COVID-19 pandemic has people frantically looking for soaps, disinfectant products and anything that’ll kill germs. That all adds up to a massive profit for Soulja and co.
Our sources say TSS as a corporation has gone from selling 100 bottles of cleaning products per month to well over 3,000-plus cleaning products in the last 2 months. That’s about a 30 percent increase, and we’re told it’s record-setting production.
Soulja and Mike’s specific Soap Shop location — in South Haven, MS — is seeing similar results. Our sources say profits have tripled without changing anything.
One last thing, the soap venture actually benefits the youth. Soulja has linked his Soap Shop location to a charity called Bubbles for Cash.
Basically, kids sell his soap products via fundraising, and most of that money goes right back into the community to fund programs and services for those same youngsters. Win-win!!!
Let’s block ads! (Why?)
TMZ Celebrity News for Music