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Happy Gday to David East.
Rap About Nothing: Hip Hop Chat Thread
- Thread in 'Music' Thread starter Started by brivera716,
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Happy Gday to Tek.
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do people still check new music on 2dopeboyz? havent been on that site in forever
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Oh ok Jim Jones is rapping on here
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Yea this is the lowest the hype may have ever been, I completely forgot about it until mid day yesterday.
D
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Jay Z officially hip-hops first billionaire
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https://www.forbes.com/sites/zackomalleygreenburg/2019/06/03/jay-z-billionaire-worth/#23ad4e1b3a5f
Nine years ago, two unlikely lunch partners sat down at the Hollywood Diner in Omaha, Nebraska. One, Warren Buffett, was a regular there. The other, Jay-Z, was not. The billionaire and the rapper ordered strawberry malts and chatted amiably, continuing the conversation back at Buffett’s Berkshire Hathaway offices.
Buffett, then 80, walked away impressed with the artist 40 years his junior: “Jay is teaching in a lot bigger classroom than I’ll ever teach in. For a young person growing up, he’s the guy to learn from.” This moment, which was originally captured in our 2010 Forbes 400 package, made it clear that Jay-Z already had a blueprint for his own ten-figure fortune. “Hip-hop from the beginning has always been aspirational,” he said.
Less than a decade later, it’s clear that Jay-Z has accumulated a fortune that conservatively totals $1 billion, making him one of only a handful of entertainers to become a billionaire—and the first hip-hop artist to do so. Jay-Z's steadily growing kingdom is expansive, encompassing liquor, art, real estate (homes in Los Angeles, the Hamptons, Tribeca) and stakes in companies like Uber.
His journey is all the more impressive given its start: Brooklyn’s notorious Marcy housing projects. He was a drug dealer before becoming a musician, starting his own label, Roc-A-Fella Records, to release his 1996 debut, Reasonable Doubt. Since then he’s amassed 14 No. 1 albums, 22 Grammy awards and over $500 million in pretax earnings in a decade.
Crucially, he realized that he should build his own brands rather than promote someone else’s: the clothing line Rocawear, started in 1999 (soldfor $204 million to Iconix in 2007); D’Ussé, a cognac he co-owns with Bacardi; and Tidal, a music-streaming service.
Kasseem “Swizz Beatz” Dean, the superproducer behind some of Jay-Z’s biggest hits (“On To The Next One,” Beyoncé’s “Upgrade U”), looks at Jay-Z as something others can model: “It’s bigger than hip-hop … it’s the blueprint for our culture. A guy that looks like us, sounds like us, loves us, made it to something that we always felt that was above us.”
“If he’s a billionaire now, imagine what he’s about to be,” Swizz Beatz says. “Because he’s only just starting.”
What’s Jay-Z Worth?
To calculate his net worth, we looked at the artist’s 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. We checked our numbers with a roster of outside experts to ensure these estimates were fair and conservative. Turns out, Jay-Z really is a business, man.
Armand de Brignac
$310 million
Jay-Z has used his music to shill the $300 gold bottles of the "Ace of Spades" champagne since launching the brand with the 2006 video “Show Me What You Got." More recently, his verse on Meek Mill’s “What’s Free" put a half-billion-dollar value on the wine, which seems like a bit too bubbly a number.
Cash & investments
$220 million
A vast investing portfolio includes a stake in Uber worth an estimated $70 million. He reportedly purchased his piece for $2 million back in 2013—and then wired founder Travis Kalanick another $5 million in an attempt to increase his holdings, but was rebuffed.
D’Ussé
$100 million
Jay-Z’s cognac, a joint venture with beverage giant Bacardi, moves almost 200,000 cases and has grown nearly 80% annually. “Jay-Z resonates with consumers who are attracted to the ultra-premium lifestyle," says Eric Schmidt, Beverage Marketing Corp.’s Director of Alcohol Research.
Tidal
$100 million
In 2015, Jay-Z submitted a bid to purchase the Scandinavian streaming service’s parent company for just shy of $60 million. He relaunched Tidal later that year with a roster of celebrity investors including his wife, Beyoncé, and other music luminaries, from Kanye West to Calvin Harris.
Roc Nation
$75 million
This wide-ranging entertainment company started over a decade ago as part of a joint venture with concert giant Live Nation. Roc Nation represents some of the top stars in the entertainment through its sports agency (Kevin Durant, Todd Gurley) as well as its record label and artist-management arms (Rihanna, J. Cole).
Music catalog
$75 million
Before the beginning of his stint as Def Jam’s chief in 2004, Jay-Z negotiatedthe eventual return of his master recordings from the aforementioned label that helped launch his career; in a separate deal with EMI, he clawed back his publishing rights. Wise move: his hits now clock close to 1 billion streams annually.
Art collection
$70 million
In the song "Picasso Baby," Jay-Z boasted about a “Basquiat in my kitchen corner." He probably wasn't kidding. For over a decade, he’s been scooping up masterpieces like Basquiat's “Mecca,” purchased in 2013 for a reported $4.5 million. "He's rapped about it all in detail," says Fab 5 Freddy, a contemporary and friend of the late painter. "Jay-Z helped educate millions of hip-hop fans mentioning Jean-Michel."
Real estate
$50 million
CJT/ MEGA/ NEWSCOM
After welcoming twins in 2017, Jay-Z and Beyoncé bought a pair of homes to match: a $26 million East Hampton mansion and a $88 million Bel Air estate. Jay-Z also owns a Tribeca penthouse, snagged for $6.85 million in 2004.
Zack O'Malley Greenburg is a senior editor at Forbes and author of Empire State of Mind: How Jay-Z Went from Street Corner to Corner Office.
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I wonder who’s gonna hate on this first.
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I feel like with Jay's incredible memory and ability to retain he was destined to be something.
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Damn, that's crazy. They broke down his billion. That house is crazy.
Remy LeBeau
formerly carbon16
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That's crazy.
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Almost half his net worth is liquor
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Watching "Bodied" didn't expect this storyline and idk if I'll survive the whole 2hrs
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Had no idea that Aced of spades would be his biggest money maker.
what he's did with that x Dusse plus what Puff did with Ciroc should be a blueprint for all other products hiphop has a big part in.
IDK why these dudes don't just either create brands, or simply target specifics brands, buy stocks in them & then go about promoting it that way.
From clothing comapanies, to drinks, to electronics etc etc, hiphop music controls the cool & perception of a lot of brands. If dudes could just get in early, buy the stock & then promote the product soooo much money could be made.
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“Don’t got a billion streams, got a billion dollars”.
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Hov really been out here giving cats the blueprint for years. No pun intended.
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Hov finessed us with Ace of Spades man 
$tacy
formerly willchamberlain
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Dudes like hov and puff are the type that everyone will follow. They say a certain alcohol is in, everybody from rappers, athletes, dope boys and 9-5 workers all gonna wanna drink it. I seen dudes put henny/remy down and drink dusse all of a sudden. It was a matter of time.
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Gold Bottles, Scold Models, Spillin ACE on my sick Jays
had dude feeling themselves during that time lolol
had dude feeling themselves during that time lolol
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Yeah it was literally right after the racist Cristal **** too
Bruh popped up w the Ace of Spades in the Show Me What You Got video and told _'s it was some rare French **** he discovered in a ny wine shop, come to find out he already owned a major portion of the company
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What's more incredible to me is how he amassed all of that in basically 20 years given his surroundings growing up. Given the odds, what he achieved is damn near impossible. I also believe Tidal will be bought for another billion or more as well within the next year or two.
It's also upsetting to think it took such an incredible talent and circumstance for us to have him as an example, when dozens if not hundreds of people in just tech alone (including Travis from Uber mentioned in the article) have become billionaires in the multiples in the last decade with none of them being one of us. He can't remain the only one, entertainment cannot be our only blueprint.
