Read alsoCould Jay Z be facing some financial pressure? We spoke with one highly influential entertainment insider who questioned whether Jay Z’s financial situation is as strong as is being reported on many of the FORBES lists.
The insider, explained, “Jay Z and Damon Dash owned everything 50-50 – Rocawear, Rocafella, everything … when they separated, everything was split in half. Now 3 years later Dame is broke and Jay Z’s worth 500 million, that just doesn’t make sense.”
And the insider continues,
“What businesses has Jay Z been involved in since – restaurants, real estate, and music. Those are probably the three worst business to be in right now … I’m not saying that Jay Z’s broke, but I can tell you one thing – he has nowhere near the amount of money that those magazines are saying he does.”
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Jay-z is not broke and if he is then that what beyonce is for.