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The Takeover: Jay Z Buys Scandinavian Music Streaming Company For $56 Million

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Jan 31, 2015

Jay Z is definitely playing chess, with all these investments because, investments generate more money and create opportunities for bigger investments. It's like a game of chess, you locked down space on the chess board, in order to check mate the other king. The spaces create the opportunity for that. But anyways, let's get to the story.

Shawn Corey Carter, who we all know as the Hip Hop mogul, Jay Z has recently made another investment to expand his kingdom. This time it's international.

Jay Z was recently part of a bid to buy a Scandinavian music streaming company and won the bid. The all time best selling Hip Hop artist, acquired the Swedish company Aspiro for $56 million dollars. The company has other music streaming entities linked to it, WiMP and Tidal, which Jay Z also now owns.

In an interview with Reuters, Jay Z expressed how he saw Aspiro as: “an innovative high-quality company with strong future growth potential."

 

Jay Z has used the revenues and his earnings from being the world's all time best selling musician, as a stepping stone to elevate himself into the business world. Jay Z's net worth has been estimated at half a billion dollars and if Jay Z continues making wise investments, not only will he become Hip Hop's first or one of Hip Hop's billionaire, but he has the potential to become a multi billionaire. And this will give Jay Z all the opportunities in the world to make a difference.

With an extensive resume and many business in his portfolio, Jay Z can walked into any boardroom and make moves like Monopoly. Being the owner of Roc Nation, Roc Nation Sports, several sports bars, managing other musicians like himself, a sports agent, the cognac brand D'usse and more, Jay Z is not just a businessman but a business man!