Coachella is one of the biggest music festivals in the country, so naturally one would think that the headlining artists who appear each year are getting paid big bucks to get on stage. However, during a recent sit-down with Sirius XM, rap superstar Cardi B revealed that she'll actually be losing money to perform at the iconic California festival later this year.
The Bronx rhymer explained that she was somewhat unfamiliar with the festival when she agreed to the booking last year.
"I didn't know that Coachella was such a big deal like that, and I didn't know that it was a lot of people," Cardi said. "We booked Coachella like six or seven months ago. So, I'm getting paid for Coachella like 70 bandos a day. I've been booked for this. Then it's like, I have to invest so much money on my stage set—my own money that I have to go to Wells Fargo and write a check. It's crazy. Almost $300,000."
Despite the loss, Cardi recognizes the expense as an investment in her career. "It's an investment," she said. "You've got to take that. You've got to take that to the chin, but it's like, 'Dammit. Right after I finished paying my damn taxes."
See the clip up top.
Source: complex.com
