When we last checked, Ray J was still making over 300K a year for banging Kim Kardashian on videotape over a decade ago.

That plus all of his reality TV pay has Ray living a good life, even as his musical career has stalled.

He's about to start living an even better life.

The 36-year old just closed a $31 million partnership deal with Cowboy Wholesale for his Raycon brand of personal electronic transportation vehicles, including his foldable two-wheel Scoot-E-Bike.

As part of the partnership deal, Ray J will oversee global branding strategies and overseas marketing. Expect more Raycon products to begin rolling out soon for the Christmas season.

Ray J isn't the only Hip Hop figure to get into the personal transportation game. Soulja Boy was hawking hoverboards a couple of years ago but ended up taking a financial L on them when it turned out most of his orders came on stolen credit cards.

But it seems like Ray J is more on top of things.