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Jay-Z's Financial Wins And Losses

| Filed under: Jay ZBusiness Blitz

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He's doing pretty well compared to the rest of the country, but not everything is coming up roses!

Jay-Z is somewhat of a jack of all trades, but many of his investments are heading downwards.

His hotel development projects in Manhattan have already fizzled out costing him $50 million and his 40/40 Club franchise is doing well enough to get by, but not as well as expected.

His investment in the Broadway musical Fela! has yet to turn a profit and his 1.5 percent stake in the New Jersey Nets hasn't proved to be a worthy investment either with the team not doing so well.

But Jay-Z is still killing it when it comes to music and fashion, so it's a certainty he'll retain his massive wealth, even with a few missteps. Dan Charnas, the author of The Big Payback: the History of the Business of Hip Hop says:

"The first thing about Jay-Z is, he's got a lot of breadth to his holdings. He has that combination of vision, ability, fame and the power to execute working with the right people."

That's for sure! We think he'll be just fine.

[Image via WENN.]

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17 comments to “Jay-Z's Financial Wins And Losses”

  1. YUCK says – reply to this


    1

    poor camel and ho will have to live off of all the songs ho steals from other singers.



  2. 2

    :-( Jay-z will be fine trust!! please go and check out my music at www.myspace.com/ozonnamusic !!! thanks !!! loves you!! xox

  3. slite says – reply to this


    3

    This story is over a WEEK old.



  4. 4

    He's in with the crooked d'evils karma's a bitch JAY-Z



  5. 5

    He's fine SO LONG AS he stays married and doesn't sire any out of wedlock kids. If so, then it's off to divorce court and ruination.
    Always diversify your portfolio.
    I wish Jay-Z and Beyonce well. They're smart to have made it this far. I wanna see "Fela."



  6. 6

    I'd rather not hear about how hard multi millionares have it. There are people that have nothing. No home, no job, no food to feed their children. And I have to hear about how his "investments" aren't doing well? I'm not going to tell him to donate to charity because I hate hearing people tell other people what to do with their money but I REALLY don't care if he's losing money. There are plenty of others who would love to have a FRACTION of what he has, not even including what his wife brings in.



  7. 7

    Still spending money from the 80's! 8)



  8. 8

    Dude.. Beyonce has made MUCH less than J. You guys are retarded.



  9. 9

    HE HAS THE BIGGEST THICKEST MONKEY LIPS ON THE PLANET. I LAUGH EVERY TIME I SEE HIS MONKEY FACE



  10. 10

    Re: cinnamon_rae – wow, VERY well said! I wish there were more people who had your mentality in the world (and less greedy-jayz-type personas)

  11. @v@ says – reply to this


    11

    'We think he'll be just fine.' How to rat out his losses and then add closing sugar.

    Pheew. I was so worried the bank would foreclose on his small bungalow loan that's worth way more than the house is.



  12. 12

    Well, now we hope that he can REALLY give Beanie Siegel a Bentleys. For the record, it's already been proven that Jay has sh@tted on a lot of people. Kanye had the b@lls to stand up to him! Well Damon Dash's empire fell, you're not too far behind Jay. Your babylon is falling too. You're not higher than God, Mr Jay-hova (Laughs).



  13. 13

    Re: YUCK – Well said!



  14. 14

    well, if he fails, he still has beyonce! she will forever go strong!!!



  15. 15

    How many failures in the hotel/club/restaurant industry will it take for DUMB entertainment industry to realize that it is NOT a good business for them.



  16. 16

    "The history of the business of hip hop" ahahaha.. what exactly is that? Make 50 million, go broke, quit the business, someone new comes on the scene, rinse and repeat? I can't think of any other "business" that has turned out more morons that go broke.. Suge Knight, Scott Storch.. jeez.. any rapper basically

  17. @v@ says – reply to this


    17

    Any connection to the losses and his wifey allegedly stealing songwriting credits?