Samsung Cuts Jay-Z A Small Check To The Tune Of $20 Million

Samsung Cuts Jay-Z A Small Check To The Tune Of $20 Million
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Just months ago Beyoncé inked an insane $50 million, multifaceted deal with Pepsi. Now her husband Jay-Z and Samsung are said to be locking in a $20 million package that would see the rapper collaborating on multiple projects with the tech giant.

Page Six reports that the rapping, sports agent, business mogul might create a social media network as part of the deal. Regardless of the terms, a $20 million signing is a big move for the man who famously asserted:

“I’m not a businessman, I’m a business, man.”

If true, the report would signal the latest in a number of high-profile business moves Jay-Z has made over the past couple of years. He dissolved his stake in the Brooklyn Nets to set up Roc Nation Sports, a talent agency that has already landed some key signings. He moved his music label, Roc Nation, from Sony to Universal. He launched Made in America, a massive music festival in Philadelphia and even was the executive producer of “The Great Gatsby.”

As previously mentioned, highly structured deals are nothing new to the Carter-Knowles power family. Beyoncé’s massive Pepsi contract includes traditional promotional appearances and ad campaigns, but also gives Pepsi a stake in Beyoncé’s creative endeavors.

Together, Jay-Z and Beyoncé are worth over a billion dollars and are easily the most powerful couple in entertainment.

Photo credit: WENN, Via Huff Po

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Colby Eis

Colby is a man of many traits who was born and raised in New York. What makes him special is his strong ambition and outlook on life… once he has something in his sight, he never looks back.

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