How a lot did the Fyre Festival value Billy McFarland? Six years in jail and $26 million. But, how a lot will it value co-founder Ja Rule?
You most likely know the story by now.
In 2016, Ja Rule and up-and-coming entrepreneur Billy McFarland had a beautiful concept. They would throw an expensive music competition in The Bahamas. Aimed at wealthy, younger millennials, a ragtag crew of staff at Fyre Media would arrange the best music competition on the planet.
Just think about being flown to Pablo Escobar’s former island in ‘VIP-configured’ personal jets. You’d see a fantastic solar shining down on the crystal blue waters. Famous supermodels and social media influencers would spend time with you on the new white sand of The Bahamas within the mornings. In the afternoon, you’d set sail on an expensive yacht. And, the most popular music stars would play their newest hits within the night.
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What might go probably flawed? Just about all the pieces, it appears.
Festivalgoers confronted delayed flights, misplaced baggage, and an absence of meals. Upon arriving on the occasion, followers discovered deserted FEMA tents, piles of rubbish, and feral canines.
Attendees had paid between $four,000 and $12,000 to attend the now once-in-a-lifetime occasion.
In the aftermath, Ja Rule received hit with a $100 million class-action lawsuit. And, Billy McFarland simply received severe jail time.