Those partners include Beyoncé, Rihanna, J. Cole, Kanye West, Usher, Nicki Minaj, Alicia Keys, Madonna, and more.
According to the outlet, those who partnered with Hov were “gifted 3% in equity in Tidal,” and it’s estimated that each artist (or artist paring) will receive approximately $8.91 million. Jay’s latest move has been heavily criticized from all sides, but regardless of where one stands about the Rap mogul’s business decisions, they all prove to be lucrative in maintaining his billion-dollar empire.
“Tidal started with the idea of honoring artists by being artist-owned and led, focused on an uncompromised experience of the art,” Twitter and Square CEO Jack Dorsey recently tweeted. “It’s refreshing and right. The vision only grows stronger as it’s matched with more powerful tools for artists, inclusive of new ways of getting paid.”