Jay-Z’s net worth has increased by 40 percent following his new deals with Square, Inc., and LVMH.
Forbes has reported that the hip-hop mogul’s net worth jumped from $1 billion to $1.4 billion. The increase is the result of him selling 50 percent of his Armand de Brignac champagne, better known as Ace of Spades, to Moët Hennessy in late February and selling a majority of TIDAL to Jack Dorsey’s Square, Inc. in a cash and stock deal.
Jay’s wealth has been amassed from a plethora of sources, including USD 120 million originating from his D’Usse cognac brand, USD 140 million from his Roc Nation imprint, and an impressive USD 95 million from his 300 song-music catalog, which he owns both masters and publishing rights. His elaborate art collection is valued at USD 70 million. The “Dead Presidents” rapper also possesses an impressive real estate portfolio, owning approximately USD 50 million worth of property and has USD 425 million in cash and investments.
Blogged by @cakedupdrippedout