10:49 AM / Tuesday August 20, 2019

7 Jun 2019

Forbes is reporting that the first hip hop artist is Jay Z

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June 7, 2019 Category: Go With The-Flo Posted by:

ABOVE PHOTO: Jay Z  (Photo: JStone / shutterstock)


By Florence Anthony

While most people thought Dr. Dre was the first hip hop artist to become a billionaire, Forbes is reporting that the honor goes to Jay Z. The financial magazine says that Dre is worth $800,000. According to reports, Jay Z’s new portfolio totaled up things like his $70 million art collection, $50 million real estate holdings, $220 million in cash and investments, a music catalog worth $75 million and his companies like Tidal and Roc Nation – which total $175 million. Meanwhile, talk about a power couple… In addition to Hova’s $1 billion, his wife Beyonce’s net worth was previously valued at $355 million dollars………

Akon and former CEO and President of Motown Records worldwide, Kedar Massenburg have co-founded The Akonik Label Group (ALG). This is the first time ever an artist has established a multi-talented, multi-cultural label group. The newly formed label group will be distributed globally by BMG and will maintain offices in New York, Miami, Los Angeles, and Atlanta. The Label Group is comprised of four record labels — Akonda — Akonik, Ke Lo Ke and Jamakon, that will be signing and promoting artists from different regions around the world. Akon and Massenburg first met when Akon was an artist under a joint venture with Universal/Motown/SRC. Akon went on to sell over 35 million albums worldwide, receive five Grammy nominations and collaborate with a stellar group of artists……… 

According to reports, Meek Mill has received a public apology from The Cosmopolitan hotel in Las Vegas. On June 1, the hotel tweeted a statement apologizing to the rapper for refusing him entrance into the property. The statement reads: “We apologize to Meek Mill for how we handled the situation on Saturday, May 25, as we did not act in a respectful manner and were wrong. Meek Mill has not had any prior incidents on our property. The Cosmopolitan has zero tolerance for discrimination and we pride ourselves on providing an inclusive environment. We look forward to welcoming Meek Mill back to the resort.” A free room for a week should have come with the apology for all of that public embarrassment that Meek Mill endured……… 

The award-winning Southampton Inn invited Hamptons locals and visitors to a celebration at the most desirable location in the heart of Southampton, New York, by kicking off the Hampton summer season at the 21st Annual Memorial Day Weekend Barbeque. Guests celebrated the holiday al fresco on the pool patio surrounded by five acres of manicured lawns and private gardens where they enjoyed a buffet of signature burgers, fresh salads and tasty treats prepared by the on-site eatery Claude’s Restaurant. The pool patio bar boasted the sweetest margaritas and chilled refreshments for sipping in the sun……..

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