It is undebatable that one of the most successful music artists in our time is Jay z. He attained this status not only because of his successful rap career, but because Shawn Carter "Jay Z" is an intelligent businessman.
The grammy-award winning Music Rapper proved that again after he stroked a deal with Twitter CEO Jack Dorsey. Jay Z sold the majority of his company Tidal to Jack's Square Company for a whooping price of $279 million.
Reports suggest that the American rapper bought the company six years ago for $56 million which means he made a profit of $223 million through the business deal.
He made the announcement on his official Twitter handle Mr. Carter @sc. The rapper explained that Tidal is more about helping and supporting music artists.
Picture of the Rapper and Jack Dorsey
He added that artists needed more creative tools, so he decided to partner with Square by selling majority of Tidal.
Checkout Jay Z's announcement on his twitter account:
The deal has made the music rapper a trending topic on social media platforms. He is currently trending number in Nigerian Twitter. It is filled with fans showering praises on the rapper over his smart business moves.
Congratulations to Jay Z and his family over his recent deal. We should not forget that he also owns other companies like the Ace of Spades.
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