Billionaire Jay-Z’s Net Worth Jumps 40% With Sales Of Streaming Service Tidal, Champagne Brand

Jay-Z attends 2020 Roc Nation THE BRUNCH on January 25, 2020 in Los Angeles, California. ( Photo by Kevin Mazur/Getty Images for Roc Nation )
Getty Images for Roc Nation

Over the past two weeks, the rapper struck deals to sell his boutique music streaming service and half of his champagne brand Armand de Brignac, adding an enormous pile of cash to his already massive fortune.

“ Hip-hop from the begin has always been aspirational, ” Jay-Z said in 2010 when Forbes got a ringside seat to the knocker ’ s inaugural converge in Omaha with billionaire investor Warren Buffett. “ It always broke that notion that an artist ca n’t think about money as well. ”

More than a ten subsequently, the rapper-turned-billionaire is showing precisely what he means : In his second base major softwood in deoxyadenosine monophosphate many weeks, Jay-Z inked a batch to sell a majority stake in music streaming company Tidal to Jack Dorsey ’ s mobile requital company Square for $ 297 million. The transaction valued the caller at about $ 450 million— $ 150 million more than Forbes ’ 2019 calculate. Forbes figures he netted out $ 149 million in cash and stock—and got a board seat—after buying back 33 % of Tidal from T-Mobile early this workweek and then selling that and the third he already owned. Tidal ’ s “ artist shareholders ” will continue to have a bet on in the caller, and Jay-Z will own a little percentage, as well .
This comes a week after he sold half of his Armand de Brignac champagne to LVMH in a share that valued the luxury liquor company at about $ 640 million .
The two deals helped lift the luck of rap ’ sulfur first billionaire to $ 1.4 billion, up from $ 1 billion .
It ’ south precisely the start. His divers and growing clientele includes the remaining 50 % interest in the $ 300-per-bottle Armand de Brignac, angstrom well as D ’ Usse cognac and a collection of less-sexy startups including policy inauguration Ethos and salad chain Sweetgreen. He besides owns a lump of his own music, shares multiple multi-million dollar mansions with his wife Beyoncé and has a growing art collection .

In 2005 he laid down the immediately prophetic lyric, “ I ’ thousand not a businessman, I ’ m a business, man. ”
hera ’ s how it breaks down :
Cash and Investments: $425 million
Jay-Z has been singing about the importance of spending money wisely for years—and he ’ randomness done just that, pouring a good fortune of his $ 760 million estimated earnings ( pretax ) into investments. His holdings include stakes in Uber and now Square, vitamin a well as in private companies like salad chain Sweetgreen, insurance inauguration Ethos and SpaceX. His next likely big acquire : Oatmilk company Oatly is expected to IPO this year and is reportedly seeking a $ 10 billion valuation. He invested an undisclosed come in July 2020 .
Armand de Brignac: $320 million

last week, Jay-Z announced he was selling half of his champagne party, besides known as Ace of Spades, to luxury house LVMH ’ s Moët Hennessy. Forbes estimates that the deal valued the gold-bottled bubbling stigmatize at $ 640 million—or more than double its estimated value in 2019 and even more than the “ one-half a B ” Jay-Z himself rapped about on Meek Mill ’ sulfur 2018 song “ What ’ s Free. ”
Roc Nation: $140 million
Jay-Z ’ s joint-venture with Live Nation was founded in 2008 and is a full-service entertainment company serving some of the biggest names in the game, from musicians Rihanna and Alicia Keys to athletes Kyrie Irving and CC Sabathia. The ship’s company is responsible for the Super Bowl Halftime Show, Made in America music festival and even has a publish softwood with Random House. While the pandemic has slowed the company ’ s live-touring business, it was growing steadily prior to Covid-19 .
D’Usse: $120 million 
A partnership with liquor giant Bacardi, Jay-Z ’ randomness cognac launched in 2012. While it typically retails for a fair $ 30 per bottle, fifty dollar bill rare bottles—including a diamond-shaped crystal decanter—are presently at auction at Sotheby ’ randomness for an calculate price tag of $ 24,000 to $ 75,000 each .
Music Catalog: $95 million
With multiples for music catalogs on the surface, Jay-Z ’ s library of about 300 songs is worth $ 20 million more nowadays than it was two years ago, and thanks to a series of smart negotiations, he owns both the print rights and overcome recordings to his music .
Art Collection: $70 million
A fan of Jean-Michel Basquiat—he raps about having one in his kitchen on his birdcall “ Picasso Baby ” and reportedly spent $ 4.5 million on one in 2013—Jay-Z ’ randomness impressive art collection besides features works by Damian Hirst, David Hammons and Richard Prince. He sees the collection as an investment. As he sang on “ The Story of O.J. ” : “ I bought some artwork for one million, Two years late, that crap worth two million, Few years belated, that shit worth eight million, I ca n’t wait to give this denounce to my children. ”

Real Estate: $50 million
Jay-Z and Beyoncé picked up two homes in 2017 after giving parturition to their twins : an $ 88 million Bel Air sign of the zodiac and $ 26 million East Hamptons spread. The Los Angeles home is already worth $ 5 million more than the leverage price. Proving that the couple is, in fact, human, they still have a mortgage on the home. He besides still owns his Tribeca penthouse bachelor launching pad that he bought in 2004 for $ 6.85 million .

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