Culture News
Jayz Is Officially a Billionaire! But, How Did He Do It? Don’t Miss These Lessons
Did you know that JayZ is now an official billionaire! What’s even more surprising is that with every rapper who has been flaunting cars and chains in their videos over the years, JayZ is the first hip hop artist to actually reach this status, and one of the few entertainers overall to reach this benchmark. All of this has happened 23 years after his first album release. He has come a long way right?! But, the kicker is how he did it and what we can learn from it. We all know that he’s one of the greatest in hip hop, but did you know that his biggest profits don’t come from his music? It also doesn’t come from selling merch, his online business or touring. The bulk of his wealth is coming from investing in stocks, real estate and more over time. JayZ and Beyoncé have been teaching silent lessons on how to build wealth for a while but have we been missing the details?
JayZ has had a business mindset from the beginning. After stepping away from life in the streets of Brooklyn, JayZ eventually released his first album. While life has its ups and downs when pursuing a career in entertainment, overall, business has been pretty uphill for him from there. So what pushed him into billionaire status? According to Forbes, the Brooklyn native has made very strategic investments in liquor, art, real estate, and shares in growing companies like Uber. After the release of his first music project, he launched Rocawear in 1999 (which he sold in 2007 for $204 million). In addition to all of that, he also later became the co-owner of D’Ussé with Bacardi, and acquired TIDAL. Watch the video below for more details.
We can all learn a lot from JayZ’s moves in business. For example, some of the best business decisions don’t involve starting a new business at all. Why reinvent the wheel? That takes a lot of investment of both money and time. Often times, many start up companies find themselves lost in a busy world packed with competition and/or low start up funding which can take more money and time to build. While startups can make a lot of progress, most (but not all) remain passion projects and few result in Billionaire status.
Your most profitable decision may mean acquiring a business that that is worth owning in full or at least worth owning shares in. It may also be a great idea to consider becoming a co-owner of a business that is already thriving or simply investing in a business that is doing well or that shows great potential for a good return on your investment. Investing in real estate as well as in stocks and bonds of various companies are great avenues for income as well that many bypass. There are many directions to take when seeking additional streams of income. There is no set answer on which way is best. But, it is best to keep in mind that you may have more options that you think you have. JayZ and Beyonce have been leading by example. Let’s keep paying attention so we don’t miss the lessons.
As part of ArtSoul Radio’s 365 Initiative to support Black & BIPOC-owned businesses throughout the year, this is a story worth reviewing.
In 2009, Venus and Serena Williams became minority owners of the Miami Dolphins, making them the first Black women to own an NFL franchise. Since then, the growth of their investment has been remarkable. In 2009, the Dolphins were valued at 1 billion dollars. By 2023, 14 years later, the Miami Dolphins were valued at 4.6 billion dollars.
Despite the fact that 70% of the league’s players are Black, the majority of NFL ownership remains white. However, Venus and Serena became the first Black women to own an NFL team, creating a pathway for others to follow. Following their lead, Mellody Hobson became the third Black woman to become a minority team owner in 2022. Lewis Hamilton and Condoleezza Rice joined the list when they purchased a stake in the Denver Broncos. In 2023, Magic Johnson became a minority owner of the Washington Commanders.
Venus and Serena Williams are true trailblazers! Forbes reported in 2022 that Venus was the second highest-paid female athlete. Their investment in the Miami Dolphins, in partnership, is not only changing the investment landscape but also breaking barriers both on and off the court.
Their success in business complements their legendary status in tennis. Their investment in the Miami Dolphins is just one example of how they are reshaping the investment landscape. It’s inspiring to see them use their platform and influence to make an impact beyond tennis!
With their track record, their investment is bound to yield excellent results. It’s only a matter of time before we see the first Black majority owner of an NFL team.
Celebrity Christian Singer and former American Idol alumni Mandisa was announced dead on April 18th after she was found in her home in Nashville.
The announcement was made this morning by the New York Times, People Magazine and KLove and confirmed later in the day by Mandisa’s team on her Facebook page.
Mandisa was a voice of encouragement and truth to people facing life’s challenges all around the world. Fans and Colleagues have been expressing their shock and being vocal online sharing their favorite moments and songs from the artist.
“Mandisa lived her life in song,” said Dennie Marshall, Mandia’s cousin. “On behalf of her entire family and that includes me, let me say thank you for the outpouring of love we’ve all received since her untimely and unexpected passing.”
Born and raised in Citrus Heights, California, Mandisa studied music in college before auditioning for Idol in 2005. Being a soulful singer with a magnetic personality, she’d go on to gain national attention on the reality competition show’s fifth season (which began airing in 2006), making it to the top 10 alongside favorites like Katharine McPhee, Kellie Pickler, Chris Daughtry, Paris Bennett, Elliott Yamin and eventual winner Taylor Hicks.
Fans and loved ones are still expressing their shock as the entire Christian music industry mourns a huge loss. Hundreds showed up to her home going service in Brentwood Saturday morning as well as more than 11,500 people live-streamed the service online. The world will greatly miss Mandisa and the light that she brought to everyone in need of finding it again.
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