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Jay-Z Is Too Rich
Author: Ms. Nickels2 May
I’m so sick of the disgustingly rich. It’s hard not to be bitter in this sucky economy… Jay-Z just signed a 10-year contract with Live Nation worth $150 mil: a chunk of stock, $5 million per year for “overhead,” $25 million for acquisitions and investments, $10 million an album (for a three-album deal), and $20 million for publishing, licensing, and other rights.
Madonna also signed a 10-year contract with Live Nation worth $120 mil: rumored terms include a signing bonus of about $18 million and a roughly $17 million advance for each of three albums. She also owes Warner Brothers another album plus a greatest hits CD. She’s also negotiating a 2-concert deal in Dubai that will pay $24 mil. If the concert is 90 minutes, that’s $133,333 A MINUTE. All I got to say is, FTS, how about slippin’ me a $50 just for posting this and giving you free press on our super cool blog site? That’ll cover my drinks for the weekend as I attempt to guzzle away my broke ass blues. Send it here:
Synthesis.net: Ms. Nickels
210 West 6th Street, Chico, CA 95928
K, thx! [du]Bai!
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2 Responses for "Jay-Z Is Too Rich"
Jay-Z sets up trust Fund for Sean Bell’s Kids
Shawn “Jay-Z” Carter has established an educational trust for the for the children of Sean Bell, the unarmed African-American man who was shot and killed by police on the day he was to be married.
Sources have confirmed with AllHipHop.com that Jay-Z is working closely with Nicole Paultre Bell, Sean Bell’s widow, to institute the trust funds for both of their children.
Nicole Bell appeared prominently in Jay-Z’s Rocawear “I Will Not Lose” advertising campaign with images that caused indignation within the NYPD’s Benevolent Association.
The process began prior to the not guilty verdict for three police officers accused of slaying Sean Bell.
A well-informed source close to the matter told AllHipHop.com that Nicole Bell’s lawyers didn’t want to initiate any activity during the trial.
Typically, a trust fund is regarded as a long-term, profitable program that can provide significant monies that vest when a child becomes an adult or graduates from college.
They can also become available at a designated point in the future. Trusts, educational or otherwise, are generally set up in the child’s name, by their parents or others close to the child.
Now that the trial is over, Jay-Z will resume his efforts for the children of Sean Bell in the form of a stock-based trust fund.
Word. Good thing he didn’t retire.
But really, Sean Bell’s loved ones deserve justice and I think it’s great that Jay set up a trust fund for his kids. I just think good deeds like this are few and far between for all those fortunate to have whatever they want.
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