Business is business, some people are good at it, others aren’t. Those who aren’t good at business end up working for guys like Jay Z and he continues to add ventures. His latest is TIDAL, an overseas-based music streaming service he purchased for $56 million in January.
At the time, the deal was overlooked and then Jay Z managed to get the entire industry to support his venture. In only two months, Jay Z has made $200 million off TIDAL. He is well on his way to becoming a billionaire, making the race with Dr. Dre and Diddy that much closer.
Jay Z is currently experiencing a lot of success with TIDAL, but the company’s CEO, Andy Chen, resigned from the top spot. This is doing nothing to slow down the overall business, however. On the flipside of things, Jay Z is doing personal video calls with the TIDAL subscribers to thank them for purchasing subscriptions to his brand.
Source: Venture Beat
