JAY-Z’s $1 billion USD net worth has seen a 40 percent increase thanks to his recent deals with Jack Dorsey‘s Square and LVMH.
According to Forbes, Hov is now worth $1.4 billion USD after he sold a majority stake in TIDAL to Dorsey’s Square, Inc. for $297 million USD and 50 percent of his Armand de Brignac champagne brand — which the publication now values at approximately $640 million USD — to LVMH.
Breaking down his $1.4 billion USD fortune, Forbes reported that the rapper/businessman has $425 million USD in cash and investments including stakes in Uber, Sweetgreen, Ethos and SpaceX. JAY-Z’s Armand de Brignac deal gave him at least $320 million USD while his Roc Nation imprint is priced at $140 million USD, cognac brand D’Usse at $120 million USD, extensive music catalog at $95 million USD, art collection at $70 million USD and real estate property at $50 million USD.
Elsewhere in music, a suspect in the murder of Jam Master Jay reportedly received two additional drugs and weapons charges.
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