AFTER $150 MIL 10-YEAR LIVE NATION DEAL, JAY Z’S READY FOR ANOTHER LONG-TERM RUN
Music mogul Jay Z‘s going to keep rocking with Live Nation despite his 10-year contract nearing its expiration. New reports claim Young Hov has a fresh partnership on deck.
According to reports, Young Hov and Live Nation are continuing their original 2008 $150 million deal with another extensive pact.
“Live Nation has a new long term deal with Jay Z and we expect to continue being equity partners in Roc Nation for many years to come,” the spokesperson told Billboard in a statement. While terms of the new deal were not disclosed, the new agreement does not appear to be an extension of the current 360 arrangement, and instead mostly covers his touring business. (Billboard)
Rapper Shawn “Jay Z” Carter has an estimated net worth of $610 million as of 2016, according to Forbes. Jay Z, a rap icon, philanthropist and entrepreneur, came to prominence in the late 1990s and early 2000s with the albums Reasonable Doubt, In My Lifetime, Vol. 1, Vol. 2, Vol. 3 and The Dynasty. Apart from his music career, Jay Z has established himself as a savvy businessman across several industries, including clothing lines, real estate, sports teams, record labels, beverages and more. Jay Z is married to Beyoncé, who herself has an estimated net worth of $290 million. (Fortune)
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