Why Is Everybody Suing Jay Z?
Rapper-turned-mogul Jay Z has been hit with a string of legal challenges that could cut into his $550 million net worth.By Calvin Stovall | January 27, 2016
In 2005, Jay Z told fans he wasn’t a businessman. Instead, the man born Sean Carter insisted that he is a business entity unto himself.
Carter’s reported $550 million net worth backs up that claim, but a recent string of lawsuits threaten the artist-turned-mogul’s otherwise stellar track record of parlaying his musical talent into corporate dollars.
Page Six reported Wednesday that Carter is being sued for $18 million by Perfumania, the company he partnered with in 2014 to release the Gold Jay Z cologne.