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JAY Z THE BUSINESS, MAN!

 

JAY Z POWER DEAL MOVES Last few days of million-dollar Jay Z deals.
When Jay Z rapped in 2005, "I'm not a 'Business-Man'! I'm a Business... man! Let me handle my business, damn!" Most of us thought this was just one of the rapper's music lyrics. NO! We were all wrong.
Picture this, in 2019, Jay Z became the first hip hop artist to be declared a dollar billionaire by Forbes. He was worth $1B. The only other hip hop artist to reach a dollar billionaire status was Kanye West in 2020, he was worth $1.3B
HEAR THIS: In the last few days, Jay Z has surprised the world with magnificent business deal moves. I bet Forbes Magazine's editorial team has not been sleeping as the rapper has been significantly accumulating wealth and cashing in on the dollars.
Over the last few days, the rapper struck deals to sell his boutique music streaming service Tidal and half of his champagne brand Armand de Brignac as below.
Tidal:
• Majority stake acquired by Jack Dorsey’s mobile payment company Square
• Jay Z gets a seat on the board
• Price: $297m in Cash and Stock, he bought the company in 2015 at $56M
Ace of Spades Champagne:
• 50% acquired by LVMH
• Price: $315m estimated by Forbes
The two deals helped lift his fortune to $1.4 billion, up from $1 billion.
Forbes breaks down his investment wealth
• Cash and Investments: $425 million
• Armand de Brignac: $320 million
• Roc Nation: $140 million
• D’Usse: $120 million
• Music Catalog: $95 million
• Art Collection: $70 million
• Real Estate: $50 million
Blu Ivy and her siblings have their future secured.

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