![1680098448 Jay Z Has Over 2 Billion After Selling Majority Stake In](https://todaysgist.com/wp-content/uploads/2023/03/1680098448_Jay-Z-Has-Over-2-Billion-After-Selling-Majority-Stake-In.jpg)
Jay-Z Has Over $2 Billion After Selling Majority Stake In D’Usse Cognac
Follow Us @
Jay-Z, At the beginning of the year, the rapper’s fortune rose to US$ 2.5 billion, which represents R$ 12.9 billion in Brazil. The value of the singer’s fortune rose four years after he entered the ranking of the American Forbes billionaires list. He boosted his position on the list after selling the majority stake he had in D’Usse cognac.
Jay-Z
The singer and entrepreneur finalized a legal dispute with Bacardi over the aforementioned cognac brand, D’ussé Cognac, last month. Jay-Z sold his stake to Bacardi for US$ 750 million (R$ 3.9 billion) and the company got the 75.01% share of the negotiation. It also explains how the rapper’s fortune has grown due to his participation in the champagne, D’Usse cognac and Armand de Brignac industries.
The Bacardi company partnered with the singer for the first time on the launch of D’ussé Cognac a little over 10 years ago, which shows how long their relationship in business was. And even though he no longer has a majority stake in the company, he managed to keep “a significant share” through its company SCLiquor LLC, according to a press release.
D’usse cognac also has a small signature of the rapper (Photo: Reproduction/Globo)
Jay-Z also canceled his participation in music streaming Tidal two years ago, which means it is not the first time that the rapper has made sales deals involving his works. When he disposed of his music streaming stake, it was based on a $350 million deal between the singer and Square.
The updated Forbes Real Time Index shows that the singer is the 1,207th richest person in the world, “even in a year without touring or album release”, stated the index. He was also named the first billionaire rapper in 2019 by Forbes, who characterized it as a “extensive and diverse empire” the singer’s portfolio.
Featured photo: Rapper Jay-Z had his fortune increased after selling D’usse cognac. Playback/Rap.ua.
Follow TodaysGist on Google News and receive alerts for the main news about celebrities, soap operas, series, entertainment and more!
FIRST REACTION FROM A READER
For More On “Gist’s today” Enjoy Hot air news
Be the first to leave us a comment down below in the comment section. click on subscribe button to get firsthand daily updates, filled with amazing USA today entertainment, hot trending news, story trend, gist’s, black celebrities kid news and gossips, tech trend, Relationship guides, opportunities to make money online, new trends in marketing and lots more.
CONTINUE WITH US ON SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TWITTER
>>
Jay-Z Has Over $2 Billion After Selling Majority Stake In D’Usse Cognac
#JayZ #Billion #Selling #Majority #Stake #DUsse #Cognac
-
usa today entertainment3 months ago
Red Eye (TV series 2024) Download Mp4 ▷ Todaysgist
-
Cryptocurrency3 months ago
Perpetrator Laundering Money Using Crypto Worth IDR 3.7 Trillion Caught in Hong Kong
-
usa today entertainment3 months ago
Luxe Listings Toronto (TV series) Download Mp4 ▷ Todaysgist
-
usa today entertainment3 months ago
HYBE Confirms There Was an Attempted Rebellion at ADOR, Says Gibah Min Hee Jin with Other Agency Officials
-
usa today entertainment3 months ago
Brigands The Quest For Gold (2024) (Italian) (TV series) Download Mp4 ▷ Todaysgist
-
usa today entertainment3 months ago
MasterChef Junior (TV series) Download Mp4 ▷ Todaysgist
-
Sports3 months ago
The schedule for the rematch against Udinese is not favorable for AS Roma
-
Cryptocurrency3 months ago
Today's Crypto Prices 30 April 2024: Bitcoin CS is on fire again