Wia dis photo came, Getty Images
American rapper Shawn Corey Carter, also known as Jay Z, net worth does not increase after closing a deal to sell the majority of the mobile payment company Tidal to Jack Dorsey Square for $ 297 million.
It happened a week after the rapper sold half of Armand de Brignac champagne to LVMH for a deal that valued the beverage company at about $ 640 million.
According to Forbes, Jay Z’s net worth doesn’t jump to 40% as these two businesses help increase $ 1 billion to $ 1.4 billion.
For di Tidal’s deal with Square, Forbes estimates that di rapper will make $ 149 million in cash and stock and be able to join Square as a board member.
Under this new agreement, Tidal’s “artist shareholders” will continue to gain a stake in the company, and Jay-Z will have a small percentage as well.
Wia dis photo came, Twitter / Jack
Square’s CEO, Jack Dorsey, will also be the CEO of Twitter and use a social media platform to explain more about the business.
Wia dis photo came, Twitter
In 2005, Jay Z bin sang for one of our songs, say; “I am not a businessman, I am the business, man.”
Assets Oda wey Jay Z get
Even during the year with no tour or album release, Jay-Z dey earns millions with champagne im Armand de Brignac and cognac D’Ussé.
Di rapper wey dem crowned as the first hip-hop billionaire in 2019, they make money from a different empire.
Jay-Z’s assets range from the entertainment company Roc Nation to the fine art collection, including works by Jean-Michel Basquiat.
And Marcy Venture Partners raised $ 85 million in funds for 2019.