JAY-Z recently increased his net worth by 40 percent to $1.4 billion after joining Square’s board of directors and selling a majority TIDAL stake to Twitter CEO Jack Dorsey, but the man himself says celebrity status alone isn’t enough to run an empire worth billions.
During an interview with South China Morning Post, the Hip Hop mogul was humble about his success and gave credit to Dorsey and Philippe Schaus, the CEO of LVMH who bought a 50 percent stake in his Armand de Brignac champagne.
“I’m very fortunate,” he said. “Jack Dorsey, who created Twitter, Square and Cash App, and Philippe [Schaus] and the guys who created LVMH – you couldn’t ask for better partners; they’re the top of the top. [Things] usually align like that when people do really great things. You could get into partnerships and people short-change the business for different reasons. These guys don’t cut corners, they try to get it right. It’s about respect.”