It was recently revealed that mobile payment company Square acquired a majority stake in Jay-Z’s Tidal.
Along with that, LVMH’s Moet Hennessy announced a partnership with Hov, acquiring 50% of his Armand de Brignac champagne in the past month. Now, reports surfaced noting that because of those moves, the rapper’s net worth has jumped up 40%. Forbes noted that as a result of Square and Jay-Z’s $297 million deal pushed the company’s value to about $450 million. The breakdown for Hov’s net worth finds $425 million of wealth being tied to cash and investments. Jay has a $320 million stake in Armand de Brignac, and his music catalog ($95 million), stake in D’usse ($120 million), along with other stakes in rising companies, comprise the rest of his wealth. News of this comes after Jay-Z revealed his cannabis brand MONOGRAM would be launching a campaign to call out the hypocritical regulations related to marijuana in the United States.