He was telling a prophecy in 2005 when he spit, “I’m not a businessman, I’m a business, man.”
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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!