He was telling a prophecy in 2005 when he spit, “I’m not a businessman, I’m a business, man.”
Jay-Z doubles as one of the greatest rapper’s to ever hit the scene and one of hip hop’s most recognizable moguls. The Brooklyn native is the ultimate hustler, managing to amass his billion-dollar fortune through various projects and holdings. The 51-year-old executive recently struck two deals, one selling his streaming service Tidal to Sqaure, Inc. and another selling half of his champagne brand Armand de Brignac, both contributing to the whopping 40% jump in his net worth.
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As reported by Forbes, Jay’s recent $297 million deal with Jack Dorsey’s mobile company Square, Inc. to sell a majority stake in Tidal valued the company at around $450 million. Tidal’s “artist shareholders” will continue to have a stake in the company and Jay-Z will own a small percentage as well.
This news comes about a week removed from news that he sold off half his luxury champagne brand Armand de Brignac champagne to LVMH in a deal that valued it at about $640 million.
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Both these deals helped Jay’s net worth jump from an already impressive $1 billion to a whopping $1.4 b billion. Of course, this is just the start for the mogul. His diverse and growing business portfolio includes his new marijuana start-up company MONOGRAM, the remaining 50% stake in the $300 per bottle Armand de Brignac, as well as D’Usse cognac and smaller stakes in different companies.
A brief breakdown of his billion-dollar net worth is as follows: Cash and Investments make up about $425 million of his wealth, while his $320 million stake in Armand de Brignac contributes the next largest chunk of his cash. Money from Roc Nation, D’Usse, his music catalog and his art collection makes up about $140 million, $120 million, $95 million, and $70 million of his wealth respectively.
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Lastly, his real estate portfolio makes up about $50 million of his massive fortune. Congrats to Jay-Z on the great news! 2Jay-Z & Dussé have teamed up to auction an extremely rare and incredibly pricy bottle of Grande Champagne Cognac.
Jay-Z has fully embraced the billionaire mindset, continuously elevating his status through a series of impressive money moves. Most recently, the legendary rapper signed a partnership deal with Moët Hennessy, with the intention to elevate his “Ace Of Spades” champagne into a household name.
The deal earned widespread praise from the rap community, with artists like Dr. Dre and 2 Chainz celebrating Jay’s visionary mind with congratulatory IG messages. Now, Jay is back at it again with another new development, this time teaming with Sotheby’s to auction off an incredibly rare bottle of Dussé — all in the name of charity.
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The bottle in question happens to be the first-ever bottle of Dussé’s Grande Champagne Cognac, aged for decades at the storied Château de Cognac in France. At this time, only two-hundred-and-eighty-bottles are available, each one numbered with an inscription for tracking purposes. For the purpose of the auction, Dussé is bringing out the number-one bottle, a surefire collector’s item for the wealthy connoisseur. Emphasis on wealthy, as Complex notes that the bottle’s estimated value sits between $25,000 and $75,000.
“When our Cellar Master, Michel Casavecchia, discovered the aged liquid at the Château de Cognac and explained how truly one of a kind it is, it was important to me to honor it by doing something that would celebrate its singularity,” explained Jay-Z, by way of an official press release. “Once that barrel is emptied, there’s no way the liquid can be recreated. The whole process behind the 1969 Anniversaire collection reminded me why I got involved in the spirits industry in the first place–to create something that will stand the test of time.”
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