{"id":1255,"date":"2021-03-09T11:40:26","date_gmt":"2021-03-09T10:40:26","guid":{"rendered":"https:\/\/a2kadvisory.com\/?p=1255"},"modified":"2021-05-01T14:48:30","modified_gmt":"2021-05-01T12:48:30","slug":"billionaire-jay-zs-net-worth-jumps-40-with-sales-of-streaming-service-tidal-champagne-brand","status":"publish","type":"post","link":"https:\/\/a2kadvisory.com\/fr\/2021\/03\/09\/billionaire-jay-zs-net-worth-jumps-40-with-sales-of-streaming-service-tidal-champagne-brand\/","title":{"rendered":"Billionaire Jay-Z\u2019s Net Worth Jumps 40% With Sales Of Streaming Service Tidal, Champagne Brand"},"content":{"rendered":"
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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)<\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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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.<\/strong><\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\u201cHip-hop from the beginning has always been aspirational,\u201d Jay-Z\u00a0said<\/a>\u00a0in 2010 when Forbes got a ringside seat to the rapper\u2019s first meeting in Omaha with billionaire investor Warren Buffett. \u201cIt always broke that notion that an artist can’t think about money as well.\u201d\u00a0<\/p>

More than a decade later, the rapper-turned-billionaire is showing exactly what he means: In his second major deal in as many weeks, Jay-Z inked a deal to sell\u00a0 a majority stake in music streaming company Tidal to Jack Dorsey\u2019s mobile payment company Square for $297 million. The transaction valued the company at about $450 million\u2014$150 million more than\u00a0Forbes\u2019\u00a0<\/em>2019 estimate.\u00a0Forbes\u00a0<\/em>figures he netted out $149 million in cash and stock\u2014and got a board seat\u2014after buying back 33% of Tidal from T-Mobile earlier this week and then selling that and the third he already owned. Tidal\u2019s \u201cartist shareholders\u201d will continue to have a stake in the company, and Jay-Z will own a small percentage, as well.<\/p>

This comes a week after he sold half of his Armand de Brignac champagne to LVMH in a deal that valued the luxury liquor company at about $640 million.<\/p>

The two deals helped lift the fortune of\u00a0hip-hop\u2019s first billionaire<\/a>\u00a0to $1.4 billion, up from $1 billion.<\/p>

It\u2019s just the start.\u00a0 His diverse and growing business includes the remaining 50% stake in the $300-per-bottle Armand de Brignac, as well as D\u2019Usse cognac and a collection of less-sexy startups including insurance startup Ethos and salad chain Sweetgreen. He also owns a chunk of his own music, shares multiple multi-million dollar mansions with his wife Beyonc\u00e9 and has a growing art collection.<\/p>

In 2005 he laid down the now prophetic lyric, \u201cI\u2019m not a businessman, I\u2019m a business, man.”<\/p>

Here\u2019s how it breaks down:<\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Cash and Investments: $425 million<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Jay-Z has been singing about the importance of spending money wisely for years\u2014and he\u2019s done just that, pouring a good portion of his $760 million estimated earnings (pretax) into investments. His holdings include stakes in Uber and now Square, as well as in private companies like salad chain Sweetgreen, insurance startup Ethos and SpaceX. His next likely big win: Oatmilk company Oatly is\u00a0expected to IPO<\/a>\u00a0this year and is reportedly seeking a $10 billion valuation. He invested an undisclosed amount in July 2020.<\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Armand de Brignac: $320 million<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Last week, Jay-Z announced he was selling half of his champagne company, also known as Ace of Spades, to luxury house LVMH\u2019s Mo\u00ebt Hennessy.\u00a0Forbes\u00a0<\/em>estimates that the deal valued the gold-bottled bubbly brand at $640 million\u2014or more than double its estimated value in 2019 and even more than the \u201chalf a B\u201d Jay-Z himself rapped about on Meek Mill\u2019s 2018 song \u201cWhat\u2019s Free.\u201d<\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Roc Nation: $140 million<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Jay-Z\u2019s joint-venture with Live Nation was founded in 2008 and is a full-service entertainment\u00a0 company serving some of the biggest names in the biz, from musicians Rihanna and Alicia Keys to athletes Kyrie Irving and CC Sabathia. The company is responsible for the Super Bowl Halftime Show, Made in America music festival and even has a publishing deal with Random House. While the pandemic has slowed the company\u2019s live-touring business, it was growing steadily prior to Covid-19.<\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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D\u2019Usse: $120 million <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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A partnership with liquor giant Bacardi, Jay-Z\u2019s cognac launched in 2012. While it typically retails for a reasonable $30 per bottle, fifty rare bottles\u2014including a diamond-shaped crystal decanter\u2014are currently at auction at Sotheby\u2019s for an estimated price tag of $24,000 to $75,000 each.<\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Music Catalog: $95 million<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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With multiples for music catalogs on the rise, Jay-Z\u2019s library of nearly 300 songs is worth $20 million more now than it was two years ago, and thanks to a series of smart negotiations, he owns both the publishing rights and master recordings to his music.<\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Art Collection: $70 million<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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A fan of Jean-Michel Basquiat\u2014he raps about having one in his kitchen on his song\u00a0<\/strong>\u201cPicasso Baby\u201d and\u00a0reportedly<\/a>\u00a0spent $4.5 million on one in 2013\u2014Jay-Z\u2019s impressive art collection also features works by Damian Hirst, David Hammons and Richard Prince. He sees the collection as an investment. As he sang on \u201cThe Story of O.J.\u201d: \u201cI bought some artwork for one million, Two years later, that shit worth two million, Few years later, that shit worth eight million, I can’t wait to give this shit to my children.\u201d<\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Real Estate: $50 million<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Jay-Z and Beyonc\u00e9 picked up two homes in 2017 after giving birth to their twins: an $88 million Bel Air mansion and $26 million East Hamptons spread. The Los Angeles home is already worth $5 million more than the purchase price. Proving that the couple is, in fact, human, they still have a mortgage on the home. He also still owns his Tribeca penthouse bachelor pad that he bought in 2004 for $6.85 million.<\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Source : forbes.com<\/a><\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

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) 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 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Billionaire Jay-Z\u2019s Net Worth Jumps 40% With Sales Of Streaming Service Tidal, Champagne Brand<\/a><\/blockquote>