Skip to main content

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.

Comments

Post a Comment

Popular posts from this blog

Mind Games. Just Who Is In Charge? ~ Diaries!

My Diaries 1. Author: Bree.K From my diaries, about Mind Games, and how the modern gal and the modern dude wanna control each other... Let me get this right, so what’s bae? Is it an acronym that stands for ‘ before anyone else ’ or the shortened version for baby or babe? (according to google). This word lost meaning to me after my last encounter in a  situation-ship , lol, let me just say the last encounter with a guy I shared most of my teenage memories with. (You know those stupid happy lovey lovey moments, when you are this hot high school gal, that every Tom, Dick & Harry is yearning for?) Story for another day... to be continued ... Back to mind games and I stand to be corrected; I don’t think anyone in my generation still believes in marriage...(Can't believe I just said that) Dating has to be the sweet-bitter experience, yes we hang out, take selfies with the magic selfie-stick, post them on instagram, create love stories with them on  snap chat ,...
Post a Comment
Read more

At My Pace, At My Time...

At My Pace, At My Time! No sweetheart, am never ever going to settle for anything less, I know my worth and am not ready to settle down with someone just because you think am becoming of age and end up spending the rest of my life being miserable. That is the reply I always give to one my best friend who always nags me to get a man and l start dating.     She is just barely twenty four years old and you can be surprised how she is so sure that by the time she will be my age, she will be married and almost popping out her first born. I always shake my head, if only she knew how cruel love is, it is not that simple as she tends to think. You see, am twenty seven years old, in four months’ time, I will be turning twenty eight years old. The African custom has always dictated that once a lady hits the age of twenty five, she should be gearing up for marriage. Dare you get to your thirties and you still single, the looks you get when you go for the get togethe...
1 comment
Read more

Listen to Them If You Have To, But Be Sober!!

A Happy Family! "...I will do all I can to keep my family intact.." a colleague once told me . So on this day we are out for lunch, me paying for a promise of lunch. As we discuss other issues, this topic of recent rise in cases of domestic violence and marriage break- ups, comes up. Several marriages are breaking up at a supersonic speed and the main course being one. Mpango Wa Kando (Side Chic/dude), .. A story is told of a friend who swore never to get married again after she found out that her man, her husband a believer had been keeping a side chic for the 2 years of their marriage. That must be painful eh?! On confrontation, the man blames the chic for tempting and seducing him.. (this must be the joke of the year). Listening to my colleague narrate the story as she curses and swears to do all she can in her powers to keep her marriage intact, I suddenly get lost in my wonder world wondering what is becoming of the institution of marriage. Just why can...
2 comments
Read more