Jay Z’s Sells Stake In Ace Of Spades To LVMH
While many are complaining about a lack of money in the time of coronavirus, American rapper Jay Z is securing more bags and expanding his net worth.
The celebrated musician has just sold 50 percent of his Stake in Ace of Spades to luxury brand LVMH. This isn’t surprising given that the songster stated, as quoted by the New York Times, that he planned to grow his brand.
Declared hip hop’s first billionaire by Forbes in 2018, Jay Z never became complacent and never stopped making money moves. He caught many napping with his LVMH move. What other move is he keeping close to his chest? Fans can only watch until the next big announcement from Shawn Corey Carter. Check out the video below.
Besides his Ace of Spades brand, Jay Z is also the brains behind Rocawear and Iconix, two luxury fashion brands
By the way, the champ is not the only one securing the bag. His Beyoncé is herself doing great, but she is yet to make it to the billionaire’s club
Well, what do you think of Jay-Z’s new deal with LVMH? You may want to join the conversation by dropping your thoughts in the comment section below. Do.