JAY-Z has a 50 million dollar EQUITY STAKE in the ACE OF SPADES BRAND...

[KENNY DA COOKER]

"All of them confirmed that Jay-Z receives millions of dollars per year for his association with Armand de Brignac. The connection wasn't through the Cattier family, but through Sovereign Brands. The production cost per bottle of Armand de Brignac is about $13; the wholesale price is $225. The maximum output is 60,000 bottles per year. If Jay-Z splits the $212-per-bottle profit evenly with Cattier and Sovereign, a back-of-the-envelope calculation suggests his annual take would be a little over $4 million. Along with his equity in the brand which is calucalated at 50 million dollars."

Jay-Z’s Equity In Ace Of Spades Champagne? $50 Million. | RapBreak.com

 

[Leasy]

Smart as$ man.

 

[50CentStan]

 

[Harry B]

This is old, and a rumor by a "credible" source (forbes author) in the same way that he owns 0.07 % of the Nets.
It might be true, but it's in no way confirmed by anyone.

The fact that he's caking of it, is another story

 

[the cac mamba]

all this ace of spade i drank just to piss out

 

[Leasy]

This is old, and a rumor by a "credible" source (forbes author) in the same way that he owns 0.07 % of the Nets.
It might be true, but it's in no way confirmed by anyone.

That 0.07 percent probably brings him a couple million a year. He will go down as one of the smartest business man in African American history of Rap.

 

[trollol]

nas lost

 

[TrifeGod]

should i really give a shyt or are we reading this as a collective to peep game and follow his footsteps

 

[nalej]

only 13 bucks to make? wtf

 

[KingOFKings]

only 13 bucks to make? wtf

What were you expecting?

 

[DaveyDave]

only 13 bucks to make? wtf

just like Nike's probably cost like $5 to make but sell for hundreds

 

[NvrCMyNut]

Thought this was common knowledge, it's why he why he tried to hilfiger crystal

 

[flea]

read an article about this the year he started endorsing ace of spades. thats why i never bought a bottle of it.

 

[Harry B]

only 13 bucks to make? wtf

Of course, but the expertise, the time it takes to grow the grapes, the vineyard cost and on is excluded ie the initial investment.

Like Windows 7 costs about 0 dollars to make, but the R&D costs

 

[franny]

Thought this was common knowledge, it's why he why he tried to hilfiger crystal