More information surfaced about the mogul’s situation, noting he was rejected after offering Bacardi a hefty amount to buy full ownership of D’Usse.
Currently, Jay-Z is wrapped up in a legal situation with Bacardi after both sides previously offered legal valuations of D’Usse. Jay-Z and his legal team felt the brand was worth $2.5 billion, while Bacardi said they only thought it was worth $460 million. New court documents claim Jay-Z tried to buy out Bacardi in December 2021 following the valuation, offering $1.5 billion. However, the offer was rejected. Because of this, the documents accused Bacardi of “unduly influencing a third party that was called to appraise the brand.”