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“One Man’s Opinion” by Gordon Curvey
Hope everyone is well and thanks for reading this article about a man who started with nothing. He used to sell drugs on the streets of New York. As he did that he had it in his mind to be a real known rapper.
He worked very very hard to put his name out their among the thousands of other wanna be rappers in the New York area. His name is Jay Z. Man….his very very hard work has paid off and now he is a billionaire rap artist/businessman. What a story ladies and gentlemen!!
Billionaire Warren Buffett is a mentor to Jay Z. Has given him a lot of advice. Buffett recently said Jay is teaching in a lot bigger classroom than I’ll ever teach in.”
He went on to say “For a young person growing up, he’s the guy to learn from.” It is clear that Jay Z has obtained a fortune that some say about $1 billion, making him one of only a few entertainers to become a billionaire and not only that, the first hip-hop artist to do so. WOW!!
Jay’s business world includes liquor, art, real estate and also has invested in companies like Uber. Jay is from Brooklyn, NY. If you know about Jay you know he was a drug dealer before he got off into music.
He started his own record label, Roc-A-Fella Records and released his first album “Reasonable Doubt.” Jiggerman has to date 14 #1 albums, 22 Grammy Awards and over $500 million in pretax earnings in a decade. This dudes is what you can call a real success. Real talk.
Next Jay started his own clothing line in 1999 called “Rocawear.” He sold the company for a whopping $204 million to Iconix in 2007. He has a cognac he co-owns with Barcardi called “D’Usse” and he started “Tidal”, a music streaming service. You want about Jay here is more readers.
Jiggerman owns 100% of a champagne called “Armand de Brignac.” He also used his brand in 2006 to sell $300 gold bottles of the “Ace of Spades” champagne since launching the brand in 2006 with the music video “Show Me What You Got.”
Recently, Jay had a verse on Meek Mill’s “What’s Free” and it put a half a billion dollar value on the wine. SAY WHAT LADIES AND GENTLEMEN? UNREAL!!
His stake in Uber is said to be worth again a WHOPPING $70 million. He purchased his piece in Uber in 2013 for $2 million. Then he sent founder of Uber Travis Kalanick another $5 million to increase his stake but was refused by the owners of Uber. Umm I wonder why?
By the way Jiggerman’s cognac which like I said is a joint venture with Bacardi, moves almost 200,000 cases and has grown 80% every year. That’s huge! And Jay made a bid to take over Tital. His bid was for about $60 million. He restarted Tidal in 2016 with a roster of well known stars including his superstar wife, Beyonce and Kanye West and others including Calvin Harris.
Not only that, Jiggerman started “Roc Nation” a decade ago which is a joint venture with concert giant Live Nation. Roc Nation represents some of the largest stars in the entertainment game through its sports agency that includes for Seattle Sonic and NBA star Kevin Durant and NFL running back Todd Gurley and superstar Rihanna and J-Cole.
Readers check this out. At the start of Jay being the head of Def Jam in 2004, Jay negotiated the soon to be return of his master recordings from the label he helped launch his career. In another deal with EMI, he got back his publishing rights. Great move by Jay Z!! His MANY hits now has close to 1 BILLION streams annually.
Finally, Jay and Beyonce bought a pair of homes. A home in East Hampton for $28 million and a Bel Air estate that is worth $88 million. Jay Z also owns a Tribeca penthouse that is worth $6.85 million that he bought inc 2004.
Truth be told I can go on and on about the wealth of Jay Z. The make this story worthwhile Jay Z and Beyonce also give back to the community. They help inner city kids in education and donate to African American and operated anniversaries and more. Jay Z just does not sit back and count his money. He tries to be a African American role model young inner city kids can look up to and this is great!!