Jay-Z’s empire: what the billionaire has to lose in the face of criticism

Jay-Z built his multi-billion dollar empire through a series of business ventures after breaking into the music industry in the 1990s.

Born Shawn Carter, the “Renegade” rapper became hip-hop’s first billionaire in 2019 and, by 2024, is expected to be worth $2.5 billion, according to at Forbes.

With his hands in several lucrative businesses, including a deal with the NFL, a music streaming service and an international entertainment agency, it remains to be seen if any of his businesses will be affected by allegations that Jay-Z molested a child. Sean “Diddy” Combs after the 2000 MTV VMAs.

JAY-Z, WHAT DIDDY SAYS ABOUT CREATING SECRETS FOR WOMAN ‘STAR B’

“Hip-hop from the beginning has always been ambitious,” Warren Buffett told Forbes in a 2010 interview.

Jay-Z’s music career spans three decades and includes 13 studio albums, beginning with his “Reasonable Doubt” album. He got 24 The Grammy Awards and is tied with Kanye West for the most successful hip-hop artist.

He created his own label, Roc-A-Fella Records, in 1994, which was sold to Def Jam for $10 million in 2004.

“Hip-hop from the beginning has always been ambitious. It has always broken the idea that an artist can’t think about money anymore.”

– Jay-Z

His nearly 300 music assets were worth $95 million in 2021, according to Forbes, Jay-Z owns both recording and publishing.

The “Takeover” rapper launched his entertainment agency, Roc Nation, through a partnership with Live Nation in 2008 and in 2017, he extended the partnership for ten years in a $200 million deal, according to to Miscellaneous.

He then brought Roc Nation into the arena with a five-year deal with the NFL to host the Super Bowl halftime show as part of the NFL’s Inspire Change initiative of social activism. The agreement was recently extended.

WHAT JAY-Z THINKS ABOUT: COULD THE RAP MOGUL FACE CRIMINAL CHARGES?

Following the release of the rape charges, NFL Commissioner Roger Goodell said that while he knows what he’s talking about, he’s not concerned about Jay-Z’s relationship with the league.

“We are aware of the civil lawsuits and Jay-Z’s strong response,” Goodell said Wednesday after the NFL’s fifth meeting. “We know these cases are happening now. From our perspective, our relationship with them is not changing, including our preparations for the next Super Bowl.”

Jay-Z sold 50% of his French champagne Armand de Brignac (Ace of Spades) to luxury giant LVMH in 2021, which. Forbes reported the value of alcohol at $640 million.

BEYONCE, JAY-Z PURCHASE MALIBU BEACH MINSION TO SELL ENTIRE BUSINESS BY 2023

Soon after, he struck a deal to sell a majority stake in his music streaming company, Tidal, to Jack Dorsey’s online payments company, Square, for $297 million.

One day after “Run This Town” rapper was accused of sexual assault, Jay-Z filed a motion to dismiss the case, according to documents obtained by Fox News Digital. He also asked the court to deny the plaintiff’s motion to proceed anonymously.

Jay-Z’s main representative, Alex Spiro, has recently been represented Alec Baldwin in his murder case.

Combs, her ex-boyfriend, was charged a fraudulent schemesale of sex by force, fraud or coercion, and transport to engage in prostitution in the government’s decision released on Sept. 17.

FIND Wolf Business USING HERE

Authorities say Combs ran a criminal activities through his businesses, including Bad Boy Entertainment, Combs Enterprises and Combs Global, among others. He used “guns, threats of violence, verbal coercion, emotional, physical, and sexual abuse” to satisfy his sexual desires, according to an unpublished decision obtained by Fox News Digital.

“Freak Offs” they were “sexual acts that Combs orchestrated, directed, masturbated during, and often videotaped,” according to the indictment. Combs and his employees allegedly transported prostitutes across states and countries for “Freak Offs,” which took place frequently and sometimes lasted several days, often involving multiple sex workers, the lawsuit said.

Although the “Last Night” singer has maintained his innocence, if convicted, he faces a minimum of 15 years in prison or a maximum sentence of life in prison.

Judge Arun Subramanian Combs test will begin on May 5. The prosecutor expects the state’s case to take three weeks to be presented, while Combs’ legal team thinks it needs a week to argue the rapper’s stand.

CLICK HERE TO READ MORE ON FOX BUSINESS

Tracy Wright is a reporter for Fox News Digital. Article suggestions can be sent to tracy.wright@fox.com.