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Thursday, Forbes Magazine released their yearly Richest In Hip-Hop list and it showed that Rap mogul Jay Z was worth a whopping $810 million dollars. A new deal with Live Nation may be just enough to get the Brooklyn born rapper over the $1 Billion dollar mark. It was announced an exclusive 10-year touring partnership with the live entertainment company for $200 Million dollars.
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Basically Jay Z will be touring until he’s 57 Years Old.
In statements released by both Hov and Live Nation:
“Live Nation and I entered unchartered territory in 2008. Over nine years, we have traveled the world producing historic music experiences. [Live Nation president and chief executive officer] Michael Rapino is an industry visionary, and this renewed partnership is a testament to our longstanding relationship and the talented individuals at Live Nation. For the next 10 years, we will continue redefining the live event landscape.”
“Jay Z is one of the world’s preeminent touring artists,” Rapino added. “This strengthens the creative and business partnership of someone that continues to expand his touring base and reach.”