Jay Z Just Inked A $200 Million Deal With Live Nation & We're In Awe

Jay Z's back to making some major headlines!

The Brooklyn emcee was just listed on Forbes' 2017 Hip Hop's Wealthiest Artists list, coming in at #2 just behind Diddy. "Jay Z’s fortune has jumped 30% in the past year after a $200 million investment from Sprint reportedly put the valuation of his music-streaming service, Tidal, at $600 million, more than 10 times what he paid for the company two years ago," Forbes wrote.

ON TOP OF THAT... Jay announced that he's just inked an exclusive $200 million touring deal with Live Nation. That's a 10-year contract right there!

"The deal is a continuation of Jay's previous partnership with Live Nation and will include global touring produced and promoted by the entertainment company," Complex reports.

"Live Nation and I entered unchartered territory in 2008," Jay Z said in a statement provided to Complex Thursday. "Over nine years, we have traveled the world producing historic music experiences. [Live Nation Entertainment CEO] Michael Rapino is an industry visionary, and this renewed partnership is a testament to our longstanding relationship and the talented individuals at Live Nation. For the next 10 years, we will continue redefining the live event landscape."

Boss moves!

Read more about Jay Z's news deal via Complex.

photo via Getty Images

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