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Stock impact report

Jay-Z's empire: What the billionaire stands to lose as he faces sexual assault accusation [FOX Business Network]

Live Nation Entertainment, Inc. (LYV) 
Last live nation entertainment, inc. earnings: 10/31 04:01 pm Check Earnings Report
Jay-Z built his billion-dollar empire through a handful of business endeavors after breaking into the music industry in the 1990s. Born Shawn Carter, the "Renegade" rapper became hip-hop's first billionaire in 2019 and, as of 2024, is estimated to be worth $2.5 billion, according to Forbes With his hands in a number of profitable ventures, including partnerships with the NFL, a music streaming service and a global entertainment agency, it remains to be seen if any of his businesses will be affected by allegations that Jay-Z raped a minor with Sean "Diddy" Combs after the 2000 MTV VMAs. "Hip-hop from the beginning has always been aspirational," he told Warren Buffett in a 2010 Forbes interview. "It always broke that notion that an artist can't think about money as well." Jay-Z's music career spans across three decades and includes 13 studio albums, beginning with his "Reasonable Doubt" catalog. He has earned 24 Grammy Awards and is tied with Kanye West for the most wins by a h Show less Read more
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