Implementing a lesson learned in his life helped make Rotimi’s finances stay in the green.
From 2015 to 2020, the actor and singer starred in 50 Cent’s “Power.” Throughout the six seasons, Rotimi shared in an interview with podcast “Earn Your Leisure” that he saved all of the money he earned at that time while focusing on his music career.
The inspiration behind the decision came from when his father, an investment banker, made him save all of his income from his first acting gig, which was around $250,000.
“I knew I had to do [club] hostings because that was the only way that I was going to eat because I made sure that I didn’t touch any of the ‘Power’ money,” Rotimi told hosts Rashad Bilal and Troy Millings.
He added, “I just let that collect and build and be there. That was like the nest — I didn’t want to touch that.”
Rotimi shared that his first purchase from his nest egg of money was his first home, which he bought in cash — no mortgage. Then, he built another home in Orlando, FL, as an investment property to place it on Airbnb.
“I tried to research where can I make the most money and what would keep the occupancy rate of my house busy all year,” he recalled. “And I realized that if I could build another house three miles away from [Disney World] — five bedrooms, six bathrooms — that’s going to be very valuable.”
During the COVID-19 pandemic, Rotimi’s property in Orlando was his saving grace as everything was shut down at the time in Hollywood. He says that the home went up $250,000 in value just seven months after having it.
In addition, Rotimi built another home to host as an Airbnb in Lagos, Nigeria, which is used for films, music videos, content creation, etc. He also shared that he used more of his saved income to buy stock in blue chip companies.
