Just Because It's Trending Doesn't Mean It's True
Hoax Alert

Fake News: Jay Z DID NOT Create $15 Million Dollar Trust Fund For Nipsey Hussle Kids

  • by: Alan Duke
  • (Thu, 04 Apr 2019 18:23:20 Z)

Did hip hop mogul Jay Z create $15 Million dollar trust fund for Nipsey Hussle kids? No, that's not true: Although Jay Z was close to the slain rapper, Lead Stories has been told by a source close to the Nipsey's family and another source inside Jay Z's circle that the report is false. Nipsey Hussle left his family financially stable and is not in need of charity, according to the family source.

The story originated from an article published on April 4, 2019 titled "Jay Z creates $15 Million dollar trust fund for Nipsey Hussle kid's" by the website HipHopOverload.com, (archived here) which opened:

Jay Z is the GOAT for many reason's not just for his rap skills. Jay is back at it again for his people! Jay Z and RocNation will be creating/donating $15 Million dolalrs to a trust fund which is set up for Nipsey Hussle's kids. Nipsey signed a management deal with Jay Z and RocNation so it is only right that Jay take care of Nipsey since this heart breaking event happened. The trust fund will have Lauren London has the executive of it and she can disburse and manage the money how she pleases. That is what RocNation reps told us when we reached out.

Screenshot of https://www.hiphopoverload.com/jay-z-creates-15-million-dollar-trust-fund-for-nipsey-hussle-kids/

Users on social media only saw this title, description and thumbnail:

Jay Z creates $15 Million dollar trust fund for Nipsey Hussle kid's - HipHopOverload.com

Jay Z is the GOAT for many reason's not just for his rap skills. Jay is back at it again for his people! Jay Z and RocNation will be creating/donating $15 Million dolalrs to a trust fund which is set up for Nipsey Hussle's kids. Nipsey signed a management deal with Jay Z and RocNation so it is only right that Jay take care of Nipsey since this heart breaking event happened. The trust fund will have Lauren London has the executive of it and she can disburse and manage the money how she pleases. That is what RocNation reps told us when we reached out.

Nipsey Hussle, 33, was fatally shot in Los Angeles on March 31, 2019, allegedly by a lone gunman named Eric Holder.

The publisher of the debunked report insisted to Lead Stories in a text exchange on April 4, 2019, that he was standing by his unidentified source who worked with RocNation, the entertainment company founded by Jay Z. Hussle was signed to the RocNation record label. But a Lead Stories source that we know to be close to Jay Z -- but who asked to be unnamed in this story -- assured us "the report is inaccurate."

When Lead Stories asked the website for any addutional sourcing or information, we were directed to the Instagram account of Ceasar Emanuel, the reality TV star and owner of Black Ink Tattoo Studio. When we contacted him, he said "I just retweeted" the story and could not confirm it was true.

The report claimed that the $15 million trust fund would be controlled by Lauren London, Hussle's longtime girllfriend and mother of his child. The family source told Lead Stories that London was too distraught to speak to us about the matter at the time.

Want to inform others about the accuracy of this story?


Click this link to copy it to your clipboard
Then click here if you have Facebook or click here if you have Twitter to see who is sharing it (it might even be your friends...) and leave the link in the comments.

About the author:

Editor-in-Chief Alan Duke co-founded Lead Stories after a 26-year career with CNN. He mainly covers entertainment, current affairs and politics. Duke closely covered domestic terrorism cases for CNN, including the Oklahoma City federal building bombing, the UNABOMBER and search for Southeast bomber Eric Robert Rudolph. CNN moved Duke to Los Angeles in 2009 to cover the entertainment beat. Duke also co-hosts a daily podcast with former HLN host Nancy Grace, "Crime Stories with Nancy Grace." You'll also see Duke in many news documentaries, including on the Reelz channel, CNN and HLN.

Read more about or contact Alan Duke
    Trendolizer™ is scanning...

About Lead Stories

Lead Stories uses the Trendolizer™ engine to detect the most trending stories from known fake news, satire and prank websites and tries to debunk them as fast as possible. Read more about how we work and how we select stories to check here.

Spotted a hoax that you think we should investigate? Have a tip? Want to send us a correction? Contact us!

You can also follow us here:

Most read

Recent

Like or Follow us to get the latest!

NEW! Subscribe to our YouTube channel: