That’s another B. JAY-Z is still the richest rapper on the planet. In a new update to Forbes, JAY-Z’s real-time net worth is $2.5 billion.

The new figure brings in money made from his Armand de Brignac champagne and D’Usse cognac. The success comes without Hov dropping a new album or going on tour.

In February, news broke that JAY-Z reached an agreement in his legal battle with D’USSE. We now have a number.

According to Bloomberg, HOV and Bacardi were able to close the multi-billion dollar lawsuit with the brand purchasing Jay’s purchasing stake in the company for $750 million. Hov will retain a “significant ownership stake,” signaling a purchase of JAY-Z’s majority stake.

“Growing D’USSÉ over the past decade from an idea to one of the fastest-selling spirits in history has been a blessing,” JAY offered in a statement. “The next phase of this journey will further cement D’USSÉ’s legacy as one of the world’s most respected brands. I am excited to renew this partnership with Bacardi.”

Near the close of 2022, the Hip-Hop mogul and his company, SC Liquor, attempted to pull the financial records of his 50/50 partnership with Bacardi over D’Usse.

According to TMZ, the partnership between Hov and Bacardi launched in 2011, and Hov was looking to receive all books, records, and warehouses storing D’Usse barrels, bottles, and accessories. Hov also wanted details of the physical inventory and the process.

The suit reads that Hov’s company wants to “monitor the conduct of [Bacardi’s] business to protect SC’s rights as” a partner.

The post Forbes Gives ‘Real-Time’ Update of JAY-Z’s Net Worth to $2.5B appeared first on The Source.

Click Here to Discuss in the Forums

Last week, news broke that JAY-Z reached an agreement in his legal battle with D’USSE. We now have a number.

According to Bloomberg, HOV and Bacardi were able to close the multi-billion dollar lawsuit with the brand purchasing Jay’s purchasing stake in the company for $750 million. Hov will retain a “significant ownership stake,” signaling a purchase of JAY-Z’s majority stake.

“Growing D’USSÉ over the past decade from an idea to one of the fastest-selling spirits in history has been a blessing,” JAY offered in a statement. “The next phase of this journey will further cement D’USSÉ’s legacy as one of the world’s most respected brands. I am excited to renew this partnership with Bacardi.”

Near the close of 2022, the Hip-Hop mogul and his company, SC Liquor, attempted to pull the financial records of his 50/50 partnership with Bacardi over D’Usse.

According to TMZ, the partnership between Hov and Bacardi launched in 2011, and Hov was looking to receive all books, records, and warehouses storing D’Usse barrels, bottles, and accessories. Hov also wanted details of the physical inventory and the process.

The suit reads that Hov’s company wants to “monitor the conduct of [Bacardi’s] business to protect SC’s rights as” a partner.

The post JAY-Z Reportedly Sells His Controlling Stake in D’USSE for $750 Million appeared first on The Source.

Click Here to Discuss in the Forums

The legal battle between JAY-Z and Bacardi has reached a close as the two sides have entered a long-term agreement.

According to Complex, the agreement sees Bacardi acquiring a majority interest in the multibillion-dollar brand. Hov will retain a “significant ownership stake,” signaling a purchase of JAY-Z’s majority stake. In previous reports, JAY-Z owned 50 percent of the brand.

“Growing D’USSÉ over the past decade from an idea to one of the fastest-selling spirits in history has been a blessing,” JAY offered in a statement. “The next phase of this journey will further cement D’USSÉ’s legacy as one of the world’s most respected brands. I am excited to renew this partnership with Bacardi.”

Near the close of 2022, the Hip-Hop mogul and his company, SC Liquor, attempted to pull the financial records of his 50/50 partnership with Bacardi over D’Usse.

According to TMZ, the partnership between Hov and Bacardi launched in 2011, and Hov was looking to receive all books, records, and warehouses storing D’Usse barrels, bottles, and accessories. Hov also wanted details of the physical inventory and the process.

The suit reads that Hov’s company wants to “monitor the conduct of [Bacardi’s] business to protect SC’s rights as” a partner.

The post D’Usse Deal Done: JAY-Z and Bacardi Reach Agreement Over Signature Spirit appeared first on The Source.

Click Here to Discuss in the Forums

Bacardi is firing back at JAY-Z, stating he did shady business and is now attempting to raise the D’USSE’s value.

According to TMZ, Bacardi’s subsidiary, Empire investments, states Hov agreed with the company in a “handshake deal” to purchase Hov’s 50 percent stake in the D’USSE brand.

After the agreement, Jay is said to have “abruptly reneged on its agreement and doubled its demanded valuation.”

Last month, the Hip-Hop mogul and his company, SC Liquor, attempted to pull the financial records of his 50/50 partnership with Bacardi over D’Usse.

According to TMZ, the partnership between Hov and Bacardi launched in 2011, and now Hov is looking to receive all books, records, and warehouses storing D’Usse barrels, bottles, and accessories. Hov also wants details of the physical inventory and the process.

The suit reads that Hov’s company wants to “monitor the conduct of [Bacardi’s] business to protect SC’s rights as” a partner.

A hearing on the matter will occur Friday in New York.

The post Bacardi Claps Back: Says JAY-Z Reneged on Deal to Self His Stake in D’USSE appeared first on The Source.

Click Here to Discuss in the Forums

JAY-Z is taking Bacardi to court. The Hip-Hop mogul and his company, SC Liquor, are currently attempting to pull the financial records of his 50/50 partnership with Bacardi over D’Usse.

According to TMZ, the partnership between Hov and Bacardi launched in 2011, and now Hov is looking to receive all books, records, and warehouses storing D’Usse barrels, bottles, and accessories. Hov also wants details of the physical inventory and the process.

The suit reads that Hov’s company wants to “monitor the conduct of [Bacardi’s] business to protect SC’s rights as” a partner.

The post D’Usse on the Docket: JAY-Z Sues Bacardi Over Cognac Deal appeared first on The Source.

Click Here to Discuss in the Forums