Jay-Z Is Too Rich

2 Responses for "Jay-Z Is Too Rich"

1. your source May 2nd, 2008 at 5:18 pm 1

   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.

2. Ms. Nickels May 5th, 2008 at 12:30 pm 2

   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.