Here’s How Much Jay-Z Made On His Ace Of Spades Deal—And How It Stacks Up Against Other Celebrity Cashouts

The partnership announced on Monday between Jay-Z and the wine and spirits division of LVMH makes the billionaire rapper the latest celebrity to pocket a windfall by selling part of a consumer brand to a major distributor.

Still, it’s not the biggest celebrity cash out by a long shot: Kylie Jenner sold 51% of her cosmetics company to Coty in a deal that valued the brand at more than $1 billion; she got $540 million pre-tax. Rapper-Producer Dr. Dre sold his audio product company Beats to Apple in 2014 for $3 billion, pocketing $585 million himself before taxes.

The popularity and strong sales of Ace of Spades helped boost Jay-Z’s fortune to $1 billion by 2019, earning himreach the 10-figure milestone. The latest deal will likely bump that figure up, while leaving him with other assets to monetize, including RocNation’s entertainment business, music streaming service Tidal, an athlete representation agency, his master recordings and music publishing rights, and a second liquor brand, D’usse.

BEVERLY HILLS, CALIFORNIA - FEBRUARY 09: Kylie Jenner attends the 2020 Vanity Fair Oscar Party hosted by Radhika Jones at Wallis Annenberg Center for the Performing Arts on February 09, 2020 in Beverly Hills, California. Jenner used $250,000 of her earnings from modeling to pay an outside company to make her first 15,000 lip kits, which sold out in minutes in 2015.

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Here’s How Much Jay-Z Made On His Ace Of Spades Deal—And How It Stacks Up Against Other Celebrity CashoutsJay-Z reaped a massive windfall selling a piece of his champagne brand to luxury goods giant LVMH – but it doesn’t beat stars like Dr. Dre or Kylie Jenner when they sold their stakes in major companies. We’re such suckers for buying any of this crap.
Source: Forbes - 🏆 394. / 53 Read more »

Here’s How Much Jay-Z Made On His Ace Of Spades Deal—And How It Stacks Up Against Other Celebrity CashoutsJay-Z reaped a massive windfall selling a piece of his champagne brand to luxury goods giant LVMH – but it doesn’t beat stars like Dr. Dre or Kylie Jenner when they sold their stakes in major companies. I am recently in your country, looking for new friends If you see people doing evil, it is the demons expressing themselves in them. 사람들이 악을 행하는 것을 본다면, 그것은 그들 안의 마귀가 표출되는 것입니다.
Source: Forbes - 🏆 394. / 53 Read more »

Here’s How Much Jay-Z Made On His Ace Of Spades Deal—And How It Stacks Up Against Other Celebrity CashoutsJay-Z reaped a massive windfall selling a piece of his champagne brand to luxury goods giant LVMH – but it doesn’t beat stars like Dr. Dre or Kylie Jenner when they sold their stakes in major companies. We can’t breath FreeHaiti
Source: Forbes - 🏆 394. / 53 Read more »

Here’s How Much Jay-Z Made On His Ace Of Spades Deal—And How It Stacks Up Against Other Celebrity CashoutsJay-Z reaped a massive windfall selling a piece of his champagne brand to luxury goods giant LVMH – but it doesn’t beat stars like Dr. Dre or Kylie Jenner when they sold their stakes in major companies. I just moved to your city, who wouldn't mind showing me interesting places? Give Kanye his flowers or STFU!! impeachmentbolsonaro impeachmentbolsonaro impeachmentbolsonaro impeachmentbolsonaro impeachmentbolsonaro impeachmentbolsonaro SOSBrasil SOSBrasil SOSBrasil SOSBrasil SOSBrasil SOSBrasil SOSBrasil SOSBrasil
Source: Forbes - 🏆 394. / 53 Read more »