American rapper Jay Z’s net worth increases as he bags new deal with LVMH
- Jay-Z's net worth is about to increase after he signed a new deal with a luxury brand
- LVMH has bought half of Jay-Z's champagne brand, Ace of Spades, which will grow his billionaire status
- Jay-Z's wife Beyoncé is also bringing home millions of dollars with her solo career and business ventures
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US rapper Jay-Z is already a billionaire but his net worth is about to get even bigger. Luxury brand LVMH has just bought half of Jay-Z's champagne brand, Ace of Spades. The rapper was declared a billionaire by Forbes back in 2018.
Jay-Z's champagne brand is also known for producing the luxury cognac called D'Ussé. His bank account is about to expand even more. According to a report by The New York Times, Jay-Z says that he always planned to grow his brand.
Before Jay-Z made the deal with LVMH, he and his wife Beyoncé were valued at around $1.35 billion (over N400 billion). Not only does Jay-Z have a champagne brand, but he also has his own clothing line called Rocawear and Iconix.
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Rocawear and Iconix have sold for $204 million (N77.5 billion) back in 2007. Apart from Jay-Z making serious bank, his wife Beyoncé Knowles-Carter has also been bringing home the bacon.
Beyoncé has $400 million (N158.5 billion) to her name according to Business Insider. She made her claim to fame by being part of the group Destiny's Child and then took her solo career to amazing heights.
One thing about the Carters, they really know how to make serious money for themselves.
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Legit.ng previously reported that American queen of pop Beyoncé is a lady who values her privacy by all means.
She only shares snippets of her life and ensures that her kids are protected from the snares and stares of the public. But when she decides to give a brief glimpse into her beautiful life, it often makes the wait worth it.
The 38-year-old mother of three who almost never shows her fans the faces of her youngest twins decided to give her beyhive members a rare treat.
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Kumashe Yaakugh is a Legit.ng journalist with three years of working experience in the media industry. She graduated from Benue State University with a Bachelor’s Degree in Mass Communication. Kumashe is an entertainment and lifestyle editor reporting mostly on entertainment and human interest stories. When she isn't working, Kumashe uses her spare time to read about historical events, music and cultures around the world. Learn more about her on Twitter @kvmashe
Source: Legit.ng
