While the report is slim on details, it notes that the fortune of the man born Shawn Carter 53 years reached far beyond music.
“Even in a year without a tour or album release, Jay-Z mints millions from his Armand de Brignac champagne and D’Usse cognac,” it says. “The Brooklyn-born rapper was, thanks to a sprawling and diversified empire,” noting assets from his Roc Nation entertainment and sports empire to a fine-art collection including works by Jean-Michel Basquiat.
Last month, Jay not only performed “God Did” at the Grammy Awards with DJ Khaled, Lil Wayne, Rick Ross, John Legend, and Fridayy, he resolved a months-long legal battle with Barcardi over his D’ussé Cognac brand that saw the beverage giant acquiring a majority stake reportedly worth about $750 million — which was a key factor in boosting his net worth — while Jay retains a “significant ownership stake,” according to a press release.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
And somehow mine is still plummeting
woah what did i miss
That’s Awesome props jay proud of u man 👌
Wow
Smart enough to not lose 80% with his mouth
ME
Who cares drugs money and other bs 🥴
Of course he is❤️❤️❤️
He's not a businessman. He's a business, man.
Yeah. But is he happy?
But is he happy? 😁
say what
Jayz please send me some money
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ford Projects $3 Billion Loss on EV Business for 2023Ford's expected loss on its electric-vehicle business shows how far traditional auto makers have to go in turning their EV portfolios profitable Gosh. Who could have predicted? Go woke go broke but all the Elon haters swore they'd buy electric from competing companies! elonmusk
Source: WSJ - 🏆 98. / 63 Read more »
Ford sees $3 billion pretax loss in its EV business this yearFord Motor Co expects its electric vehicle business unit to lose $3 billion this year, but remains on track to achieve a pretax margin of 8% by late 2026, the company said. That is nothing like a Mustang. Ford f*cked up. Why would you buy an EV when you know prices will come down, and the technology will improve Retooling costs.
Source: Reuters - 🏆 2. / 97 Read more »
Ford to lose $3 billion from EV sales to consumers this year | CNN BusinessFord said it will lose $3 billion on its sales of electric vehicles to consumers this year, but it still expects to hit the profit targets it set for this year of between $9 billion and $11 billion. Oil companies lose on their green energy but make it on hydrocarbons, most autos lose on electric cars but make it on hydrocarbon cars, solar needs gov subsidies. I forget how is banning hydrocarbons going to help beat China unless we go nuclear energy and fast. Most EVs sold in the US are fleet and ride share sales. The public doesn't want them. Government incentives are great for profits.
Source: cnni - 🏆 326. / 59 Read more »
Ford Expects to Lose $3 Billion on Its EV Business This YearFord is doubling down on electric vehicles, even if it means short-term losses. The company is betting that increased production and innovation will pay off in the long run. ElectricCars Ford Yikes.
Source: RobbReport - 🏆 309. / 63 Read more »