fbpx

Tidal Co-Owners Receive $8.9 Million Payout Following Jay-Z’s Deal

The Shade Room just revealed that Jay-Z is a hot topic these days following the recent events. Check out the post that TSR shared on social media.

‘Jay Z is still a hot topic following his very lucrative recent deal with Twitter CEO Jack Dorsey—but he is definitely not the only celebrity to benefit financially. When Tidal was launched, there were 16 co-owners all receiving a 3% stake in the company…and now they have all reportedly just made almost $9 million from Jay-Z’s Twitter deal,’ TSR notes.

RELATED:Nicki Minaj Is Accused Of Cultural Appropriation – ‘Chun Li’ Snapchat Filter Adds Chopsticks

TSR continued and said that ‘Earlier this month, @abcnews reported that Jay-Z officially sold the majority stake of his streaming platform Tidal to Twitter CEO Jack Dorsey in a $297 million deal—not only does Jay-Z get hundreds of millions in the deal, all of his celebrity co-owners also net a multi-million dollar profit as well. #Beyoncé, #KanyeWest, #Rihanna, #NickiMinaj, #Usher, #TI, #AliciaKeys and #LilWayne are all among the 16 co-owners who reportedly just made $8.9 million due to their 3% stake in the company that has now been sold.’

RELATED:Have You Seen Rihanna’s Look For Her 30th Birthday Party? The Bash Included Toni Braxton, Leonardo DiCaprio, and Hassan Jameel Among Others On The Guest List

TSR also reminded readers that, as they previously reported, Jack Dorsey acquired the majority stake in Tidal in an effort to expand his mobile payment company Square to both upcoming musicians as well as established artists.

Somoene else said: ‘Talk about putting your people on!!!’ and a commenter posted this: ‘My girls Beyonce, Nicki and Riri in their bags per usual. 😌’

One other follower said: ‘Nicki made 8.9 mil while on a hiatus. Straight to her baby’s bank account 😂’ and someone else posted this: ‘Imagine closing a deal where your wife and friends make millions🔥’

Someone else said: ‘That’s how you take care of your friends.’

Advertisement

What do you think about this massive achievement?


Thanks for reading the whole article. If you wish to get an daily update about Tidal Co-Owners Receive $8.9 Million Payout Following Jay-Z’s Deal , click on the bell button to subscribe for the notifications.

Also, we are now available on all social media:
Follow us for Giveaways and Offers: https://www.flow.page/g-covers

For any Paid Promotions contact us here: https://www.flow.page/g-covers