Jay Z has officially secured the bag, signing a new deal with Live Nation. Reportedly, the deal is 10 years and is said to be worth $200 million. Jay Z said in a statement, “Live Nation and I entered unchartered territory in 2008” and added, “For the next 10 years, we will continue redefining the live event landscape”.
The original contract included touring, music publishing, the release of three albums and a joint venture that begat Roc Nation. The new deal is limited to touring. This week, Jay Z was listed second among the Richest In Hip-Hop Of 2017 from Forbes. Reportedly, his Tidal streaming service is valued at $600 million — which he bought for $56 million in early 2015. His estimated net worth is $810 million.