Current Events > Jay-Z is officially a billionaire

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Scorsese2002 06/03/19 11:27:19 AM #1:	https://variety.com/2019/music/news/jay-z-is-officially-a-billionaire-1203231415/ Jay-Z is the first hip-hop artist to become a billionaire, according to the new cover story in Forbes. The article opens by recalling a 2010 meeting between the rapper and billionaire Warren Buffet, from which the octogenarian came away impressed. Jay is teaching in a lot bigger classroom than Ill ever teach in, he said. For a young person growing up, hes the guy to learn from. Less than 10 years later, the magazine surveys Shawn Carters empire which spans music, a streaming service, liquor, art real estate and stakes in other companies and determines that it conservatively totals $1 billion. It also notes that he built his own brands: the Rocawear clothing line (sold for $204 million in 2007); DUss, a cognac he co-owns with Bacardi; Tidal, the music-streaming service; and his multifaceted Roc Nation music and sports empire. (Read the full report here.) The artists primary holdings follow, which Forbes calculated by looking at the artists stakes in companies like Armand de Brignac champagne applying our customary discount to private firms then added up his income, subtracting a healthy amount to account for a superstar lifestyle, which were then vetted by a roster of outside experts. Armand de Brignac champagne $310 million Cash & investments, including a stake in Uber worth an estimated $70 million $220 million DUss cognac $100 million Tidal streaming service $100 million Roc Nation $75 million Music catalog $75 million Art collection $70 million Real estate $50 million . . .First hip-hop billionaire? I thought Dr. Dre took that title a few years ago? --- https://www.twitch.tv/dtake86 <cite>Scorsese2002 posted [p:922729790] in Jay-Z is o... [t:77758997]...</cite> <quote>https://variety.com/2019/music/news/jay-z-is-officially-a-billionaire-1203231415/ Jay-Z is the first hip-hop artist to become a billionaire, according to the new cover story in Forbes. The article opens by recalling a 2010 meeting between the rapper and billionaire Warren Buffet, from which the octogenarian came away impressed. Jay is teaching in a lot bigger classroom than Ill ever teach in, he said. For a young person growing up, hes the guy to learn from. Less than 10 years later, the magazine surveys Shawn Carters empire which spans music, a streaming service, liquor, art real estate and stakes in other companies and determines that it conservatively totals $1 billion. It also notes that he built his own brands: the Rocawear clothing line (sold for $204 million in 2007); DUss, a cognac he co-owns with Bacardi; Tidal, the music-streaming service; and his multifaceted Roc Nation music and sports empire. (Read the full report here.) The artists primary holdings follow, which Forbes calculated by looking at the artists stakes in companies like Armand de Brignac champagne applying our customary discount to private firms then added up his income, subtracting a healthy amount to account for a superstar lifestyle, which were then vetted by a roster of outside experts. Armand de Brignac champagne $310 million Cash & investments, including a stake in Uber worth an estimated $70 million $220 million DUss cognac $100 million Tidal streaming service $100 million Roc Nation $75 million Music catalog $75 million Art collection $70 million Real estate $50 million . . .First hip-hop billionaire? I thought Dr. Dre took that title a few years ago?</quote> ... Copied to Clipboard!
SuperShake666 06/03/19 11:28:32 AM #2:	Jealous and angry racists incoming. --- "Look, if I was good at math, I wouldn't be on CE at 2:00 the morning clicking on topics about porn stars ****ing horses." - May 2017, Dash_Harber <cite>SuperShake666 posted [p:922729833] in Jay-Z is o... [t:77758997]...</cite> <quote>Jealous and angry racists incoming.</quote> ... Copied to Clipboard!
twitterfriends 06/03/19 11:30:18 AM #3:	Yeah they're trying to say Dre's companies are worth billions not his personal wealth, yet they're counting all of Jay's companies. They're both billionaires. --- #NotMyPresident #JusticeDemocrats #Neblio #WolfPAC #Bitcoin #WeAre12 #12thMan #Seahawks #Belieber #DENT #UBI #PokemonGo #twitterfriends #MMA #PopularHashtags <cite>twitterfriends posted [p:922729896] in Jay-Z is o... [t:77758997]...</cite> <quote>Yeah they're trying to say Dre's companies are worth billions not his personal wealth, yet they're counting all of Jay's companies. They're both billionaires.</quote> ... Copied to Clipboard!
EvalAngell 06/03/19 11:31:18 AM #4:	i remember when Jay Z was a part of the RuffRyders. Golden era of hip hop. --- Perfectly balanced. <cite>EvalAngell posted [p:922729943] in Jay-Z is o... [t:77758997]...</cite> <quote>i remember when Jay Z was a part of the RuffRyders. Golden era of hip hop.</quote> ... Copied to Clipboard!
Shotgunnova 06/03/19 11:36:13 AM #5:	He's come a long way since getting ethered. --- Take me down from the ridge where the summer ends And watch the city spread out just like a jet's flame <cite>Shotgunnova posted [p:922730121] in Jay-Z is o... [t:77758997]...</cite> <quote>He's come a long way since getting ethered.</quote> ... Copied to Clipboard!
boxington 06/03/19 11:37:12 AM #6:	been putting in work --- b-bb-box <cite>boxington posted [p:922730158] in Jay-Z is o... [t:77758997]...</cite> <quote>been putting in work</quote> ... Copied to Clipboard!
Alucard188 06/03/19 11:37:21 AM #7:	I'm not surprised, but I would have figured Puffy having more financial clout than Jay-Z. --- Face it Cloud is a gaming icon and has appered in lots of games while mario has only appeared in 2 games sunshine and 64~xSlashbomBx <cite>Alucard188 posted [p:922730165] in Jay-Z is o... [t:77758997]...</cite> <quote>I'm not surprised, but I would have figured Puffy having more financial clout than Jay-Z.</quote> ... Copied to Clipboard!
theAteam 06/03/19 11:37:51 AM #8:	I find it incredible the most valuable asset he has a stake in is a champagne brand. --- Buffalo Bills <cite>theAteam posted [p:922730183] in Jay-Z is o... [t:77758997]...</cite> <quote>I find it incredible the most valuable asset he has a stake in is a champagne brand.</quote> ... Copied to Clipboard!
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squarion 06/03/19 11:45:30 AM #10:	Guess he can finally resolve his 99 problems --- Favorite Game of All Time: Donkey Kong Country 2 <cite>squarion posted [p:922730512] in Jay-Z is o... [t:77758997]...</cite> <quote>Guess he can finally resolve his 99 problems</quote> ... Copied to Clipboard!
eston 06/03/19 11:48:24 AM #11:	Motherfuckers act like they forgot about Dre --- http://i73.photobucket.com/albums/i215/estonc/grizzly_bear_chairs_2.jpg https://imgur.com/8kjZU <cite>eston posted [p:922730637] in Jay-Z is o... [t:77758997]...</cite> <quote>Motherfuckers act like they forgot about Dre</quote> ... Copied to Clipboard!
TheMikh 06/03/19 11:49:06 AM #12:	Scorsese2002 posted... First hip-hop billionaire? I thought Dr. Dre took that title a few years ago? dre's stake in beats was pretty small --- https://imgur.com/A0TAfek <cite>TheMikh posted [p:922730665] in Jay-Z is o... [t:77758997]...</cite> <quote><cite>Scorsese2002 posted...</cite> <quote>First hip-hop billionaire? I thought Dr. Dre took that title a few years ago?</quote> dre's stake in beats was pretty small</quote> ... Copied to Clipboard!
AlephZero 06/03/19 11:49:54 AM #13:	this is why we need socialism nobody should have a net worth of more than $10k --- "life is overrated" - Seiichi Omori 01001100 01010101 01000101 00100000 00110100 00110000 00110010 <cite>AlephZero posted [p:922730695] in Jay-Z is o... [t:77758997]...</cite> <quote>this is why we need socialism nobody should have a net worth of more than $10k</quote> ... Copied to Clipboard!
Alucard188 06/03/19 11:54:58 AM #14:	AlephZero posted... this is why we need socialism nobody should have a net worth of more than $10k Jay-Z was slinging crack and hustling as a teenager. He's now a billionaire. I respect that. --- Face it Cloud is a gaming icon and has appered in lots of games while mario has only appeared in 2 games sunshine and 64~xSlashbomBx <cite>Alucard188 posted [p:922730886] in Jay-Z is o... [t:77758997]...</cite> <quote><cite>AlephZero posted...</cite> <quote>this is why we need socialism nobody should have a net worth of more than $10k</quote> Jay-Z was slinging crack and hustling as a teenager. He's now a billionaire. I respect that.</quote> ... Copied to Clipboard!
Bad_Mojo 06/03/19 11:55:08 AM #15:	TBH, I thought he already was Good for him --- https://i.imgtc.com/hQ5SuG6.gif https://i.imgtc.com/QrhAq36.gif https://i.imgtc.com/Yjov9DU.gif <cite>Bad_Mojo posted [p:922730891] in Jay-Z is o... [t:77758997]...</cite> <quote>TBH, I thought he already was Good for him</quote> ... Copied to Clipboard!
CloudChaser462 06/03/19 11:56:47 AM #16:	SuperShake666 posted... Jealous and angry racists incoming. Entitled and envious millennials too Dave Ramsey did a segment covering this btw --- http://error1355.com/ce/CloudChaser462.html <cite>CloudChaser462 posted [p:922730945] in Jay-Z is o... [t:77758997]...</cite> <quote><cite>SuperShake666 posted...</cite> <quote>Jealous and angry racists incoming.</quote> Entitled and envious millennials too Dave Ramsey did a segment covering this btw</quote> ... Copied to Clipboard!
ArchiePeck 06/03/19 12:06:02 PM #17:	I mean, good on him - I'm sure he could have simply laid back with millions from his music but he's a legit businessman always looking to expand. <cite>ArchiePeck posted [p:922731254] in Jay-Z is o... [t:77758997]...</cite> <quote>I mean, good on him - I'm sure he could have simply laid back with millions from his music but he's a legit businessman always looking to expand.</quote> ... Copied to Clipboard!
Blue_Target 06/03/19 12:06:56 PM #18:	Bad_Mojo posted... TBH, I thought he already was Good for him --- https://imgtc.com/i/RdM9Q5I.gif https://imgtc.com/i/Ju4lDBV.gif <cite>Blue_Target posted [p:922731305] in Jay-Z is o... [t:77758997]...</cite> <quote><cite>Bad_Mojo posted...</cite> <quote>TBH, I thought he already was Good for him</quote></quote> ... Copied to Clipboard!
BandofMedz 06/03/19 12:07:57 PM #19:	all his white privilege <cite>BandofMedz posted [p:922731339] in Jay-Z is o... [t:77758997]...</cite> <quote>all his white privilege</quote> ... Copied to Clipboard!
WaterLink 06/03/19 12:17:54 PM #20:	EvalAngell posted... i remember when Jay Z was a part of the RuffRyders. Golden era of hip hop. Jay Z is a billionaire and DMX is a tax evader with a negative 10 million net worth. What a contrast. --- https://i.imgtc.com/faZjEQp.jpg <cite>WaterLink posted [p:922731679] in Jay-Z is o... [t:77758997]...</cite> <quote><cite>EvalAngell posted...</cite> <quote> i remember when Jay Z was a part of the RuffRyders. Golden era of hip hop.</quote> Jay Z is a billionaire and DMX is a tax evader with a negative 10 million net worth. What a contrast.</quote> ... Copied to Clipboard!
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BandofMedz 06/03/19 12:19:35 PM #22:	thanks-gohan posted... i swear jay z is like the 3rd 1st hip hop artist to be a billionaire who are the other two? <cite>BandofMedz posted [p:922731737] in Jay-Z is o... [t:77758997]...</cite> <quote><cite>thanks-gohan posted...</cite> <quote>i swear jay z is like the 3rd 1st hip hop artist to be a billionaire</quote> who are the other two?</quote> ... Copied to Clipboard!
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Jagr_68 06/03/19 12:20:48 PM #24:	Mo' money, Mo' 99 problems but a bitch ain't one? --- New York Rangers [2004-2008] https://imgur.com/BLrKxEd https://psnprofiles.com/Jaromiroquai68 <cite>Jagr_68 posted [p:922731783] in Jay-Z is o... [t:77758997]...</cite> <quote>Mo' money, Mo' 99 problems but a bitch ain't one?</quote> ... Copied to Clipboard!
BandofMedz 06/03/19 12:21:01 PM #25:	thanks-gohan posted... BandofMedz posted... thanks-gohan posted... i swear jay z is like the 3rd 1st hip hop artist to be a billionaire who are the other two? dr dre and puffy so much white privilege <cite>BandofMedz posted [p:922731793] in Jay-Z is o... [t:77758997]...</cite> <quote><cite>thanks-gohan posted...</cite> <quote><cite>BandofMedz posted...</cite> <quote><cite>thanks-gohan posted...</cite> <quote>i swear jay z is like the 3rd 1st hip hop artist to be a billionaire</quote> who are the other two?</quote> dr dre and puffy</quote> so much white privilege</quote> ... Copied to Clipboard!
MC_BatCommander 06/03/19 12:21:21 PM #26:	theAteam posted... I find it incredible the most valuable asset he has a stake in is a champagne brand. Yeah apparently that industry is insanely lucrative George Clooney had a stake in a tequila company that made him a shit load of money --- The Legend is True! <cite>MC_BatCommander posted [p:922731808] in Jay-Z is o... [t:77758997]...</cite> <quote><cite>theAteam posted...</cite> <quote>I find it incredible the most valuable asset he has a stake in is a champagne brand.</quote> Yeah apparently that industry is insanely lucrative George Clooney had a stake in a tequila company that made him a shit load of money</quote> ... Copied to Clipboard!
MaxEffingBemis 06/03/19 12:22:02 PM #27:	Alucard188 posted... AlephZero posted... this is why we need socialism nobody should have a net worth of more than $10k Jay-Z was slinging crack and hustling as a teenager. He's now a billionaire. I respect that. Yeah because he used to steal rhymes --- She took pity on me, horizontally, but most likely because of my band <cite>MaxEffingBemis posted [p:922731828] in Jay-Z is o... [t:77758997]...</cite> <quote><cite>Alucard188 posted...</cite> <quote><cite>AlephZero posted...</cite> <quote>this is why we need socialism nobody should have a net worth of more than $10k</quote> Jay-Z was slinging crack and hustling as a teenager. He's now a billionaire. I respect that.</quote> Yeah because he used to steal rhymes</quote> ... Copied to Clipboard!
BandofMedz 06/03/19 12:37:58 PM #28:	https://pbs.twimg.com/media/DaGvef2VQAMs7ZE.jpg <cite>BandofMedz posted [p:922732430] in Jay-Z is o... [t:77758997]...</cite> <quote>https://pbs.twimg.com/media/DaGvef2VQAMs7ZE.jpg</quote> ... Copied to Clipboard!
PIITB415 06/03/19 12:42:21 PM #29:	No way tidal is worth near that --- https://imgur.com/VawbBVM https://imgur.com/6Si4h <cite>PIITB415 posted [p:922732582] in Jay-Z is o... [t:77758997]...</cite> <quote>No way tidal is worth near that</quote> ... Copied to Clipboard!
codey 06/03/19 12:44:55 PM #30:	Dudes gettin lucrative --- *runs out of topic naked* <cite>codey posted [p:922732692] in Jay-Z is o... [t:77758997]...</cite> <quote>Dudes gettin lucrative</quote> ... Copied to Clipboard!
boxington 06/03/19 1:22:16 PM #31:	SuperShake666 posted... Jealous and angry racists incoming. and 3, 2, 1, ... BandofMedz posted... all his white privilege BandofMedz posted... https://pbs.twimg.com/media/DaGvef2VQAMs7ZE.jpg --- b-bb-box <cite>boxington posted [p:922734153] in Jay-Z is o... [t:77758997]...</cite> <quote><cite>SuperShake666 posted...</cite> <quote>Jealous and angry racists incoming.</quote> and 3, 2, 1, ... <cite>BandofMedz posted...</cite> <quote>all his white privilege</quote> <cite>BandofMedz posted...</cite> <quote>https://pbs.twimg.com/media/DaGvef2VQAMs7ZE.jpg</quote></quote> ... Copied to Clipboard!
Feline_Heart 06/03/19 1:23:48 PM #32:	Dre was already a billionaire --- Pickles the Drummer doodily doo ding dong doodily doodily doo <cite>Feline_Heart posted [p:922734200] in Jay-Z is o... [t:77758997]...</cite> <quote>Dre was already a billionaire</quote> ... Copied to Clipboard!
Bad_Mojo 06/03/19 3:27:01 PM #33:	MaxEffingBemis posted... Alucard188 posted... AlephZero posted... this is why we need socialism nobody should have a net worth of more than $10k Jay-Z was slinging crack and hustling as a teenager. He's now a billionaire. I respect that. Yeah because he used to steal rhymes How many of Biggies rhymes are going to come out of your fat lips? --- https://i.imgtc.com/hQ5SuG6.gif https://i.imgtc.com/QrhAq36.gif https://i.imgtc.com/Yjov9DU.gif <cite>Bad_Mojo posted [p:922739459] in Jay-Z is o... [t:77758997]...</cite> <quote><cite>MaxEffingBemis posted...</cite> <quote><cite>Alucard188 posted...</cite> <quote><cite>AlephZero posted...</cite> <quote>this is why we need socialism nobody should have a net worth of more than $10k</quote> Jay-Z was slinging crack and hustling as a teenager. He's now a billionaire. I respect that.</quote> Yeah because he used to steal rhymes</quote> How many of Biggies rhymes are going to come out of your fat lips?</quote> ... Copied to Clipboard!
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Current Events > Jay-Z is officially a billionaire (+) Yeah! (+)

Current Events > Jay-Z is officially a billionaire