News

JAY-Z Is Now Worth 40 Percent More Than He Was Before

By HHL JT
pixel_start

JAY-Z had a busy couple of weeks, selling a 50 percent stake in his champagne company Armand de Brignac and then the "significant majority" of his streaming company TIDAL.

We know he got $297 million in cash and stocks for TIDAL and Forbes is estimating he took in $320 million for Armand.

Forbes is also estimating his net worth is now $1.4 billion, making him the richest in the rap game.

JAY's assets include $425 million in cash and investments, including shares of Uber, Sweetgreen, Ethos, and SpaceX.  His Roc Nation imprint is valued at $140 million and his cognac brand D’Usse at $120 million. $95 million for his music catalog, his art collection is at $70 million and he has $50 million in real estate.

DJ Akademiks would say a made a good chunk of his fortune "baiting and switching" Black people by claiming "Black-owned business" and then selling to the white man when the time was right.

However he made it, there's a lot of it.

pixel_end
Posted In: News Jay Z

Discuss

News Drake Sending French Montana A Cease-And-Desist Letter Is True, Says CEO Drake Sending French Montana A Cease-And-Desist Letter Is True, Says CEO / News News Ray J Explains Why He Got Face Tattoos At 43 Ray J Explains Why He Got Face Tattoos At 43 / News News Lil Durk Explains How Secretive He Is about his Home Lil Durk Explains How Secretive He Is about his Home / News News Drake Disses Kendrick Lamar Again, With Help From 2Pac And Snoop Dogg On 'Taylor Made Freestyle' Drake Disses Kendrick Lamar Again, With Help From 2Pac And Snoop Dogg On 'Taylor Made Freestyle' / News News Drake Says That Kendrick Lamar Isn't Prepared For Their Beef Drake Says That Kendrick Lamar Isn't Prepared For Their Beef / News News Check Out The Early Sales Numbers On The Future Metro Boomin Tour Check Out The Early Sales Numbers On The Future Metro Boomin Tour / News