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Jay-Z Reveals Reasoning Behind Why He Sold Half Of His Champagne Brand To LVMH: 'You Can Own 100 Percent Of Nothing'

Reaching the greatest of all time (GOAT) status is no easy feat. In basketball, many argue that Michael Jordan is the GOAT. Serena Williams can be seen as the GOAT of tennis, but when it comes to this music thing, specifically Hip-Hop — many would suggest that Jay-Z holds the title. Since “Reasonable Doubt” in 1996, Shawn Carter has given the world several top hits that pushed his superstar status through the roof. The New York native has been able to leverage all of his success and become a significant investor and businessman. However, his perspective about ownership might be shocking.

Josh Rodgers

Jul 18, 2022

Black Celebs Dominating the Booze Business Ranked By Bottle Price

Whether you’re inviting the crew over to turn up on a Friday night or have opted for a quiet night in, alcohol of some sort is most likely in the equation. As stars continue to scale their personal brands, booze has become the go-to entrepreneurial endeavor for many. U.S. alcohol sales rake in about $90 billion annually, and these celebs are getting in on the action. From wine lovers to fine cognac consumers, these celeb-backed alcohol brands are sure to make their way into your cabinets. Jay Z’s Armand de Brignac “Ace Of Spades” Champagne — $300   View this post on Instagram   One for the books. #THEBRUNCH #ArmandDeBrignac A post shared by Armand De Brignac Champagne (@armanddebrignac) on Jan 26, 2020 at 9:05am PST Jay-Z was named hip hop’s first billionaire by Forbes in 2019, and much of his net worth can be attributed to his Ace of Spades brand. The Takeout reports that Jay-Z makes nearly five times more from his champagne than music with the brand generating $310 million . He...

Devin Crudup

Feb 6, 2020