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JAY Z WANTED HIS OWNERSHIP PERCENTAGE OF THE NETS KEPT UNDER WRAPS!

A few weeks back in the New York Times, a pretty revealing piece was released on Jay-Z that had to do with how well the rapper/mogul maximized his minimal investment in the Brooklyn Nets. Among the facts revealed was that the $1 million investment Jay-Z orginialy gave to the Nets amounts to just one-fifteenth of one percent of the franchise.

It was also revealed that…

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Added by WORLD WRAP FEDERATION on August 29, 2012 at 2:00pm — No Comments

LL COOL J BURGLAR PLEADS NOT GUILTY!

The man accused of breaking into LL Cool J’s home has pleaded not guilty to a felony burglary charge.

Jonathan E. Kirby appeared in a Los Angeles courtroom Tuesday morning and entered the plea.

Kirby was arrested after the actor-rapper subdued him in his home early Aug. 22, breaking the 56-year-old’s jaw, nose and ribs in the process. He was later charged with…

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Added by WORLD WRAP FEDERATION on August 29, 2012 at 1:41pm — No Comments

BEANIE SIGEL ARRESTED FOR GUNS & DRUGS 2 WEEKS BEFORE GOING TO JAIL!

Rapper Beanie Sigel -- famous for his work with Jay-Z and Snoop Dogg -- was arrested early this morning in Philly for drugs and gun possession ... 2 weeks before he's supposed to turn himself in to prison for a separate crime.

Sigel was sentenced to two years in the big house for failing to file tax returns for the years 2003, 2004, and 2005 -- stiffing the IRS out of…

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Added by WORLD WRAP FEDERATION on August 29, 2012 at 1:16pm — No Comments

BILL COSBY IS NOT DEAD!

Relax, Bill Cosby fans. The 73-year-old Cosby Show star is not dead -- just the latest unfortunate victim of an internet death hoax.

Rumors of the actor's demise surfaced Monday when Facebook user Jonathan Gorman created a group page on the social networking site called "R.I.P. Bill Cosby." The site quickly garnered 315,000 likes, causing Cosby to take to Twitter to…

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Added by WORLD WRAP FEDERATION on August 29, 2012 at 12:59pm — No Comments

WTH! SPANISH MAGAZINE PUTS MICHELLE OBAMA'S FACE ON A BARE BREASTED SLAVE!

Artistic or offensive?



A Spanish magazine this month depicts Michelle Obama as a 19th Century French slave — a controversial move that has left critics wondering if the image choice was more provocative than political.



On the August 2012 cover of Fuera de Serie, the first lady’s face is superimposed over the 1800 "Portrait d'une négresse," by French artist… Continue

Added by WORLD WRAP FEDERATION on August 28, 2012 at 2:47pm — No Comments

LINDSAY LOHAN BLAMING $100,000 JEWELRY HEIST ON SUGE KNIGHT'S SON!

Lindsay Lohan claims she's been framed in the theft of $100,000 of watches and sunglasses, telling friends the real culprit is a man claiming to be Suge Knight's son. Problem is ... cops aren't buying what she's selling.



Lindsay is now officially a suspect in the theft, which occurred at the lavish home of Sam Magid, a good friend of LiLo's.



Magid told cops…

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Added by WORLD WRAP FEDERATION on August 28, 2012 at 1:19pm — No Comments

OPRAH TOPS FORBES LIST OF THE HIGHEST PAID CELEBRITIES AGAIN!

A year after retiring as the Queen of Daytime, Oprah Winfrey has continued her reign at the top of the annual Forbes list of highest-earning celebrities.



The 58-year-old Winfrey topped the list - which measures stars' revenues between May 2011 and May 2012 -- for the fourth straight year, despite a $125 million drop in her earnings due to the end of her long-running…

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Added by WORLD WRAP FEDERATION on August 28, 2012 at 12:28pm — No Comments

ANOTHER LAWSUIT FILED OVER CHRIS BROWN & DRAKE CLUB FIGHT!

Lawsuits continue to pour in against the SoHo nightspot where a bottle-tossing brawl broke out between the entourages of two music superstars.



The latest litigation was filed in Brooklyn Supreme Court by Howard Clement, 30, who says he suffered a wound to the back of his head during the June melee in club W.i.P. that involved Drake and Chris Brown.



“I felt… Continue

Added by WORLD WRAP FEDERATION on August 28, 2012 at 12:15pm — No Comments

WTF! NEW CREAM CALLED "18 AGAIN" PROMISES TO MAKE YA PU**Y TIGHT!

If you’re looking for a way to feel like a virgin again, here it is.



So says an Indian pharmaceutical company hawking a new vaginal tightening gel called 18 Again, which promises to whip aging lady parts back into shape, all under the guise of female empowerment.



In an ad posted on YouTube, an Indian woman lures a man onto a dance floor,… Continue

Added by WORLD WRAP FEDERATION on August 28, 2012 at 11:46am — No Comments

CASSIE SHOWS OFF HER RACKS!

Cassie Showing Off Her Racks. It should say Cassie Shows Off [Diddy's] Racks Or Cassie shows off [Justin's] RacksPhotobucket

Well hey if she has GPS Enabled on her phone, atleast Jadakiss knows where to find his publishing…Photobucket

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Added by WORLD WRAP FEDERATION on August 27, 2012 at 7:14pm — No Comments

YMCMB SIGNS PRODUCTION CREW THE OLYMPICKS!

Cash Money/Young Money Records is expanding their talent roster once again, with the acquisition of Michigan-based production team The Olympicks.

The Olympicks feature producers Knoxville, Flawless, BP and JayFab. Together, the production team has crafted hits for a wide range of artists, including Big Sean, Rick Ross, Lil Wayne, 2Chainz, Kendrick Lamar and… Continue

Added by WORLD WRAP FEDERATION on August 27, 2012 at 6:51pm — No Comments

PUSHA T PERFORMING AT ROCK THE BELLS (VIDEO)

Pusha T - Exodus 23:1 (Live) Rock The Bells 2012 NOS Events Center San Bernardino CA.…

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Added by WORLD WRAP FEDERATION on August 27, 2012 at 12:39pm — No Comments

DEATH ROW RECORDS TO RELEASE "20 TO LIFE: RARE & DANGEROUS" VOL.2

O.F.T.B., Soopafly, Jewell and Swoop G are just some of the former Death Row Records artists featured on the second volume of never-before-songs to be released from the archives.

Death Row Records will continue its 20th anniversary of releasing albums with a second volume in its 20 To Life compilation series on September 25. Rare & Dangerous Volume 2 will feature…

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Added by WORLD WRAP FEDERATION on August 27, 2012 at 1:28pm — No Comments

DJ KHALED RECIEVES A PLAQUE FROM BIRDMAN FOR 12 MILLION SINGLES SOLD

12 Million records sold from Dazed One on Vimeo.

DJ Khaled Recieves A Plaque From Birdman For 12 Million Singles Sold…

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Added by WORLD WRAP FEDERATION on August 27, 2012 at 1:06pm — No Comments

WAKA FLOCKA CALLS HIMSELF "THE KING OF RECKLESS MUSIC"

Waka Flocka Flame Calls Himself The 'King' Of 'Reckless Music' "My fans deserve this," Waka Flocka Flame says of his new mixtape Salute Me or Shoot Me, Vol. 4.…

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Added by WORLD WRAP FEDERATION on August 27, 2012 at 12:22pm — No Comments

SOULJA BOY DISSING HOPSIN!

That Niqqa's A B*tch: Soulja Boy Dissing Hopsin! This happened last night on SODMG.com. This nicca going in on him too! And why is he laughing like Money Mike?…Photobucket

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Added by WORLD WRAP FEDERATION on August 26, 2012 at 11:11pm — No Comments

LMAO! YOUNG JEEZY JOINS THE ILLUMINATI!

Illuminati meet up. Even got the high class hoes in the backPhotobucket Jeezy look happy as f**k to be given a crumb from the elite table. Just remember Jizzel, the cost is your soul....

I ain't Mad tho, do your thingPhotobucket

But how else do you explain…

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Added by WORLD WRAP FEDERATION on August 26, 2012 at 10:36pm — No Comments

JOAN RIVERS CALLS RIHANNA AN IDIOT ON TWITTER FOR LOVING CHRIS BROWN!

When Rihanna opened up to Oprah about her undying love for Chris Brown -- the vilified ex-boyfriend who beat her up on the eve of the 2009 Grammys -- the revelation left many fans and critics puzzled. Among them was comedian Joan Rivers, who's since instigated a Twitter war with the Bajan beauty.

"Rihanna confessed to Oprah Winfrey that she still loves Chris Brown,"…

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Added by WORLD WRAP FEDERATION on August 26, 2012 at 4:39pm — No Comments

LOL! STEVIE J SAYS WHOOPI GOLDBERG'S DAUGHTER HAS GOOD PU**Y!

Stevie J Says Whoopi Goldberg's Daughter Has Good "Box" In 2008 they we're engaged:



Music producer Stevie J., real name Stevie Jordan, is engaged to Whoopi Goldberg‘s daughter Alexandria Martin. Both have made trips down the aisle with previous partners.…



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Added by WORLD WRAP FEDERATION on August 26, 2012 at 4:12pm — No Comments

YOUNG MONEY GETS HIT WITH 2 LAWSUITS FOR STIFFING PRODUCERS OUT OF ROYALTIES!

Lil Wayne's record label allegedly stiffed a couple music producers out of their cut of the royalties from some of rap's biggest albums ... this according to two separate lawsuits.



Two different producers -- Andrews "Drew" Correa and Marcos "Infamous" Rodriguez -- filed federal lawsuits this week against Wayne's label, Young Money Entertainment.



In lawsuit… Continue

Added by WORLD WRAP FEDERATION on August 26, 2012 at 3:37pm — No Comments

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