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Ray J

I Just Blew $500k on New Cars

... Thanks to VH1

5/6/2014 12:20 AM PDT BY TMZ STAFF
EXCLUSIVE

0505-ray-j-new-vehicles-tmz-01It's the most baller move Ray J's made since shaking Kim Kardashian's cakes to camera -- he just celebrated a 7-figure TV deal by dropping half a mil on his and hers exotic sports cars.

Ray sunk the massive chunk o' dough into a Bentley Continental convertible for his gf, Princess Love -- and a Ferrari 458 for himself ... all on the heels of signing a fat new contract with VH1.

Sources close to the sex tape star/singer tell TMZ the deal has 6 zeroes attached -- and Ray will not only star in "Love and Hip Hop L.A." ... but also develop shows for the network with his manager David Weintraub.

We're told RJ will appear in some of the shows, and produce others. Real talk though -- he's mostly gonna enjoy the hell outta the Ferrari.

Hittin' it first ... the gift that keeps on giving.

35 COMMENTS

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1.

Starbum    

So?

139 days ago
2.

EggsOverEasy    

1. Stupid news TMZ
2. Broke in 3 years, we will see repo news on TMZ
3. Aren't all of the shows RJ is connected to stupid as f*ck?
4. Is it just me or is almost everything TMZ talks about the same sh*t that make this country get stupider and stupider??
5. Don't flame me I come to TMZ because I am entertained by all of the stupidity that exists but at some point can we do a little better?? We are becoming a country of DUMBF*CKS.. don't believe me watch a few episodes of the kardashians, that about sums it up....

139 days ago
3.

slap-ur-fugly-face    

You've got to be ****ing kidding me!!!!!! Who watched that anyway?

139 days ago
4.

BLUE UGLY 💩    

Not believing this, those are rented

139 days ago
5.

BLUE UGLY 💩    

Vh1/mtv are notoriously cheap. They didn't pay him 7 figures for shyt

139 days ago
6.

karma360    

He'll be broke

139 days ago
7.

jimbo    

Pretty dumb move. If it was a $3 million deal that's only $1.5 after taxes. Plus you have to figure he gave 10% to his manager, so now he's down to $1.2. If he dropped $500k on the cars he spent over 40% of his earnings just days after getting the money. There is a reason most of these guys go broke. Because of dumb stuff like this.

139 days ago
8.

Wolfperm    

TMZ is just as delusion as the Kardashians.. Mike/Harvey seem to be under the impression that every (black) man that Kim has slept with in the industry only became rich/famous because of her.. when the TRUTH is.. she is the bottom feeder that keeps on latching onto these men for fame and monetary gain (just like her mother/pimp). Get your story straight next time.

139 days ago
9.

Sad-Sad    

I live here in LA and Ray RENTS those cars. He rented a Rolls Roycs and claimed "he bought it"
He DID NOT buy those cars. Sorry to break the truth.

139 days ago
10.

franklyspeaking    

#Moron

139 days ago
11.

NE1    

2 months from now called.. the money's gone.

139 days ago
12.

01void    

Buy rent who cares, he still got them.

139 days ago
13.

Celeb Gossip Addict    

Buying a car for a lady is nothing new for Ray J. He's just trying to keep her in the lifestyle that she was accustomed to while she was part of Mayweather's harem. Congrats to Ray on the production deal. I have a feeling this means the end of Basketball wives. At least I hope it does.

139 days ago
14.

Truth    

TOTAL LOSER... THIS HAS-BEEN IS A JOKE. HE BUYS EVERYTHING ON LEASE OR LOANS. HE'S GONNA BE A BROKE ASS NI66A SOON ENUFF. THEY HAD AN EPISODE ON THIS SH*T ON HIS REALITY SHOW WITH BRANDY. THE BUSINESS MGR SAYING HE'S A FOOL. #TRUTH!!

139 days ago
15.

Truth    

DUDE WONT BE SHOWING THEM PICS WHEN THE IRS COMES AFTER HIM FOR BACK TAXES. FOOL FOR A CLIENT. #TRUTH!!

139 days ago
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