Jay-Z's Networth Leaps By 40 Percent

 

Rapper/business mogul Shawn Carter who is otherwise known as Jay-Z is at another level in multiplying his net-worth, which has grown by 40 percent after striking new deals with new partners teaming with him on his liquor business and digital music streaming network, Tidal. 

Moet-Hennessy recently struck a deal with Jay-Z owned Armand de Brignac for a 50 percent stake worth $320m while he keeps the remainder of the company's stake. That good stride was following by another deal with Jack Dorsey's company that struck a deal worth over $270m for a majority stake in Tidal. The rapper remains part of the company's shareholders but now with a small percentage. 

Looking at these multiple deals he has secured, Jay is much richer he used to be and those have added some hundreds of millions to his net worth which was previously estimated to be $1b.

Forbes estimated Tidal's market value at $450m, which is $150m more than their previous estimation of the company's value in 2019. Bear in mind that, Jay had a 33% stake in the streaming service to be the majority shareholder of the platform he bought from T-Mobile. 

Adding up all that the 99 problem rapper has in net worth, Forbes estimated it to be $1.3billion. That put him $.1b over what Kanye West has in net worth ($1.3b) and effectively making him potentially the richest hip hop artist around.