During a Twitter Spaces debate on Wednesday, August 31, 2022, Jay-Z was just reprimanded for associating the term capitalist with the n-word. The rapper made this analogy as he elaborated on the lyrics of his most recent collaboration with DJ Khaled, God Did.
Many Internet users criticized the comparison, noting that Jay-Z was a multimillionaire and hence a product of capitalism. CelebrityNetWorth estimates 50 Cent’s net worth to be approximately $1.3 billion.
Jay-Z was asked on August 31 during a Twitter Space discussion with writer Rob Markman, DJ Khaled, and others about a line in God Did in which he mentions promoting black superstars such as Kanye West and Rihanna. He reacted as follows:
The United States has fed us lies our entire lives, and when we begin to believe them, they attempt to exclude us. They initiate the use of terminology such as “capitalist.”
We have been referred to as “n***er”, “monkey”, and “s**t”. I do care not what terms you consider. You must come up with stricter terms.
Jay-Z stated in an interview on his path to fame in the music industry that no one should feel ashamed of their accomplishments in a system that excluded everyone.
You designed a system that, as you well know, excludes us. We said okay. We chose a different approach. This composition was created by us. We hustled and f***ed ourselves to get here. And, you know, it’s like ‘Eat the rich’ and we’re not stopping!”
Everything we know about the billion-dollar fortune of Jay-Z
Jay Z is currently one of the most prominent hip-hop artists, having sold more than 140 million records and receiving 24 Grammy Awards.
His significant earnings as a singer, songwriter, record producer, entrepreneur, rapper, actor, film producer, and television producer have led to his $1.3 billion fortune.
In 1999, Jay-Z co-founded the clothing business Rocawear with Damon Dash. The next year, the company’s annual sales reached $50 million.
At the height of its success, it earned $700.000.000 in annual sales. 2007 saw the sale of the company’s rights to Iconix Brand Group for $204 million.
In 2014, Jay-Z acquired a majority share in the champagne producer Armand de Brignac. In 2015, following a $56 million transaction, he became the principal owner of the streaming service Tidal.
In addition, the rapper has been involved in a New York City real estate project involving the development of hotels and condominiums. A $150 million contract with Live Nation was followed by a $200 million contract in 2017.
In 2008, Jay-Z and Beyonce purchased a home with eight bedrooms for $8 million. He sold it for $9.3 million in 2010. In 2017, the couple purchased a Hamptons home for $26 million. The next year, they purchased a 30,000-square-foot home in California for $88 million.
Additionally, they own a $4 million private island in the Bahamas. In addition to these shared residences, Beyonce has a $2.6 million property in New Orleans.
In 2004, Jay-Z purchased a Manhattan condominium for $10 million. The 1996 publication of Reasonable Doubt, the rapper’s debut album, rocketed him to fame. He has released numerous albums since then, including The Blueprint, The Black Album, American Gangster, and 4:44.
In addition to the vast sums of money he earns from his music releases, the vast majority of his earnings come from his concerts, which each generate millions of dollars. 2019 saw the rapper become a billionaire.
As a result, his incendiary remarks made during the Twitter Spaces conversation on August 31 drew considerable censure from netizens, who cited numerous instances of his commercial tendencies.
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