Jay-Z’s net worth has jumped by 40 per cent following Tidal and champagne brand sales
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nme.comJay-Z‘s net worth has been boosted by 40 per cent following two major deals by the rapper and businessman.Last week, it was revealed that Jay-Z has sold his controlling stake in streaming service Tidal to Square, the mobile payments firm run by the Twitter co-founder Jack Dorsey, for $297 million (£215 million).He has also recently sold 50 per cent of his luxury champagne brand Armand de Brignac to luxury goods company Moët Hennessy Louis Vuitton.As a result, Forbes now reports that the rapper’s net worth has now increased from $1 billion to $1.4 billion.Breaking down his extensive fortune, Forbes reported that the Armand de Brignac deal earned him $320 million.
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