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Before He Became a Billionaire, Jay-Z Lost More Than $50M On A Bad Real Estate Investment

When it comes to Hip-Hop success stories, few — if any — are as impactful as Shawn “Jay-Z” Carter. From his early beginnings as a street hustler from Marcy Projects in Brooklyn, NY, to becoming a billionaire mogul with his own Marcy Venture investment firm, Hov has proven time and again that it’s not where you come from, but where you’re going that counts. Plus, he’s married to Beyoncé! The rapper-turned-mogul is such a success, in fact, that the hypothetical question, “dinner with Jay-Z or $500k” has become a part of the pop culture zeitgeist , to the point that Tidal had to put out a statement on Twitter about the phenomenon. Take the $500K. — TIDAL (@TIDAL) September 9, 2021 Iconic. But contrary to popular belief, not everything Jay-Z touches turns to gold. Before he became a billionaire, the man born Shawn Corey Carter lost his proverbial shirt on a bad real estate deal. The deal was so bad, in fact, that it ultimately cost him more than $50 million to get out of. And while he’s...