Jay-Z’s empire: What the billionaire stands to lose as he faces sexual assault accusation

Jay-Z built his billion-dollar empire through several business endeavors after breaking into the music industry in the 1990s.

The Renegade rapper born Sean Carter became hip-hop’s first billionaire in 2019 and is estimated to be worth $2.5 billion by 2024. to Forbes.

With his hands in a number of lucrative ventures, including a partnership with the NFL, a music streaming service and a global entertainment agency, it remains to be seen whether any of his businesses will be affected by allegations that Jay-Z molested a minor. Sean “Diddy” Combs After the 2000 MTV VMAs.

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Jay Z has built a billion dollar empire through music and business. (Karwai Tang/Getty Images)

“From the beginning, hip-hop has always been an aspiration,” he told Warren Buffett in a 2010 Forbes interview.

Jay-Z’s musical career spans three decades and includes 13 studio albums, beginning with his “Reasonable Doubt” catalog. He scored 24 Grammy Awards and is tied with Kanye West for the most wins by a hip-hop artist.

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

“From the beginning, hip-hop has always been aspirational, it’s always broken the idea that an artist can’t think about money either.”

– Jay Z

His music catalog of nearly 300 songs was valued at $95 million in 2021, according to Forbes, with Jay-Z owning both the master recording and publishing rights.

Jay-Z has a catalog of 13 albums with around 300 songs to his name. (Getty Images/Getty Images)

The “Takeover” rapper launched his own entertainment agency, Roc Nation, through a partnership with Live Nation in 2008, and in 2017 he extended his contract for another decade in a deal worth $200 million. to Variety.

He then brought Roc Nation into the sports realm, signing a five-year deal with the NFL to rebuild the Super Bowl halftime show as part of the NFL’s Inspire Change social activism initiative, a deal recently renewed.

JAZZ Z’S ALLEGED SEXUAL ASSAULT.

After the rape allegations were made public, NFL Commissioner Roger Goodell He said that while he was aware of the allegations, he was not concerned about Jay-Z’s relationship with the league.

NFL Commissioner Roger Goodell, left, announced a partnership with Jay-Z and Roc Nation in 2019. (Kevin Mazur/Getty Images)

“We’re aware of the civil charges and the really strong response from Jay-Z,” Goodell said Wednesday after the NFL’s winter meetings Our preparations for the Bowl.”

Jay-Z has sold 50% of his French Armand de Brignac champagne (Ace of Spades) to luxury fashion giant LVMH in 2021. Forbes reported the liquor brand was valued at $640 million.

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

Jay-Z, left, sold a majority stake in Tidal to Jack Dorsey, the former owner of Twitter. (Andrew Kelly/Cole Burston/Bloomberg via Getty Images)

A day later “Run This Town” rapper According to documents obtained by Fox News Digital, Jay-Z has filed a motion to dismiss the sexual assault lawsuit.He also asked the court to deny the plaintiff’s motion to proceed anonymously.

Jay-Z’s lawyer, Alex Spiro, last defended Alec Baldwin in his involuntary manslaughter trial.

Her longtime friend Combs has been charged racketeering conspiracyin an unsealed federal indictment on Sept. 17, of trafficking in sex by force, fraud or coercion and transportation for prostitution.

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Authorities alleged that Combs drove a criminal enterprise through his businesses, including Bad Boy Entertainment, Combs Enterprises and Combs Global, etc. He used “firearms, threats of violence, coercion and verbal, emotional, physical and sexual abuse” to fulfill his sexual desires, it said. is in an unsealed indictment obtained by Fox News Digital.

Sean “Diddy” Combs has pleaded not guilty to sex crimes and is currently in jail awaiting trial in May. (Shareif Ziyadat/Getty Images for Sean “Diddy” Combs/Getty Images)

“Freak Offs” According to the indictment, there were “elaborately produced sex performances that Combs orchestrated, directed, manipulated, and often electronically recorded.” Combs and his staff allegedly transported commercial sex workers across state lines and internationally to “Freak.” Offs,” which occurred regularly and sometimes lasted several days, often involving multiple sex workers, the indictment said.

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

Judge Arun Subramanian the scheduled Combs trial The prosecution expects the government’s case to take three weeks to argue, while Combs’ legal team has estimated it will take a week to argue the rapper’s defense.

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Tracy Wright is a reporter for Fox News Digital.Story tips can be submitted tracy.wright@fox.com.