Jay-Z, being the entrepreneur he is, makes a lot of investments. So, it should be no surprise that the current recession took a big toll of the man, to the tune of losing more money than you could ever dream of having.
Among Hova’s failing investments:
- The New Jersey Nets (duh).
- Broadway musical Fela!.
- Hotel Developments in Chelsea and the Meatpacking District ($50 loss).
- The 40/40 nightclub franchise.
But, before you go feeling too sad for J, remember that his clothing (Roccawear) is still making bank, his singles are still topping the charts and he’s married to Beyonce. Compared to you, life is still good. Plus, according to the jigga man himself, “Money ain’t a thing.” [New York Post via The Daily Swarm]