Lamar Odom Regrets Not Taking Jay Z's Financial Advice About Real Estate

BY Erika Marie 10.4K Views
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Lamar Odom Jay Z Advice
Lamar Odom told Jay Z years ago that he wanted to launch a record label, but the rapper advised him to invest his money elsewhere.

Over the years, Lamar Odom has expressed regret for many decisions he's made in the past. The former NBA star's near-death experience prompted him to transform his life and Lamar continues to walk the road to recovery. He's reportedly working through his sobriety from drug and sex addictions with the help of his fiancé Sabrina Parr.

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Recently, Odom chatted with In Depth with Graham Bensinger about a few financial regrets he made during his wilder days, as well. When speaking about his worst financial decision, Odom said he was in a Miami nightclub with a friend for a birthday celebration. They were drinking rosé and a football player seated in a section near them told Odom to "step [his] game up" because the footballer was sipping on Ace of Spades. Odom stated that he felt his manhood was attacked so he ordered 10 bottles of Moet rosé for his own table and 10 bottles for the table next to the football player. In total, Odom gave away 100 bottles of Moet that night throughout the club. In the end, the flex set him back around $120K.

The former Los Angeles Lakers star also revealed the advice he'd give his old self: "'No' should be your favorite word." According to Odom, you'll find out just how a person feels about you when you have to tell them "no." Odom also shared that when he told Jay Z he wanted to start a record label, the Roc Nation mogul advised him to go into real estate like Magic Johnson.

At the time, Odom had a "gifted" rapper that he wanted to sign so he thought Jay Z was trying to get rid of the competition. Lamar Odom now sees that Jay was just trying to "help a young man out." Watch his clip below.


About The Author
Since 2019, Erika Marie has worked as a journalist for HotNewHipHop, covering music, film, television, art, fashion, politics, and all things regarding entertainment. With 20 years in the industry under her belt, Erika Marie moved from a writer on the graveyard shift at HNHH to becoming a Features Editor, highlighting long-form content and interviews with some of Hip Hop’s biggest stars. She has had the pleasure of sitting down with artists and personalities like DJ Jazzy Jeff, Salt ’N Pepa, Nick Cannon, Rah Digga, Rakim, Rapsody, Ari Lennox, Jacquees, Roxanne Shante, Yo-Yo, Sean Paul, Raven Symoné, Queen Naija, Ryan Destiny, DreamDoll, DaniLeigh, Sean Kingston, Reginae Carter, Jason Lee, Kamaiyah, Rome Flynn, Zonnique, Fantasia, and Just Blaze—just to name a few. In addition to one-on-one chats with influential public figures, Erika Marie also covers content connected to the culture. She’s attended and covered the BET Awards as well as private listening parties, the Rolling Loud festival, and other events that emphasize established and rising talents. Detroit-born and Long Beach (CA)-raised, Erika Marie has eclectic music taste that often helps direct the interests she focuses on here at HNHH. She finds it necessary to report on cultural conversations with respect and honor those on the mic and the hardworking teams that help get them there. Moreover, as an advocate for women, Erika Marie pays particular attention to the impact of femcees. She sits down with rising rappers for HNHH—like Big Jade, Kali, Rubi Rose, Armani Caesar, Amy Luciani, and Omerettà—to gain their perspectives on a fast-paced industry.

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