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Themusicians have received a payout from Jay-Z’s music, podcast and streaming service, Tidal.
Jay-Z has completed a massive sell-off of Tidal to Jack Dorsey, the CEO of Twitter.
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A number of musicians invested in Tidal when Jay-Z bought it in 2015.
Some of the names include J. Cole, Madonna and Calvin Harris, to name a few.
Rihanna and Nicki are included.
Rihanna and Nicki Minaj, amongst other artists, are set to receive a huge payout from Jay-Z’s Tidal. Image: @PopFiles, @HipHopTiesSource: Twitter
The rapper’sbusinessdecisions have been questioned in the past but it seems like his work is starting to pay off.
Briefly.co.zapreviously reported that Jay-Z’s nett worthincreased as he bagged a new deal with LVMH.
US rapper Jay-Z is already a billionaire but his nett worth is about to get even bigger.
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Luxury brand LVMH has just bought half of Jay-Z’s champagne brand, Ace of Spades.
Jay-Z’s champagne brand is also known for producing the luxury cognac called D’Usse.
His bank account is about to expand even more.
According to a report byThe New York Times, Jay-Z says that he always planned to grow his brand.
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Source: Briefly News
Thando MpembeThando Mpembe is a sports journalist who has a passion for all things entertainment.
In her spare time, Thando enjoys reading and spending time with family.
She is an advocate for mental health and believes that a healthy body starts with a healthy mind.
Thando holds an Honours Degree in Journalism from the University of Johannesburg.
Her favourite quote is “Gentle reminder - you are not for everyone and that is a blessing”.
Email: thando.mpembe@briefly.co.za
