Investment Win: Rihanna, Nicki Minaj & Beyoncé All Land An $8.9M Bag From Jay-Z’s Latest Money Move
Twitter co-founder Jack Dorsey, is scheduled to buy Jay Z's streaming platform, Tidal. In a $297M deal, Dorsey, who is also the CEO of Square, has acquired a majority stake in the service in a bid to expand his mobile payment company's tools to emerging and established artists, and Tidal will now operate independently within Square.
This means, that with the 3 percent equity awarded to all 16 artist owners for bringing exclusive material to the platform, each cash in on an $8.91M bag.
An $8.91M bag. *Randy Watson stomps*
This bunch includes Beyonce, Rihanna, Alicia Keys, and Nicki Minaj--the only black women who are artist owners in the deal.
Additional components of the deal are, in very Jay Z-esque fashion, Jigga joining Square's board of directors, which will coincide with the recent fund he and Dorsey launched in February to "make bitcoin the internet's currency."
Some broke it down for the public:
Others were excited Jay was tweeting:
But mostly, we all thought, “he’s a business...man!”
--
Neither of our girls have publicly addressed the sale, but we're sure they have something up their sleeve to celebrate this investment. Rihanna is coming off of a March 1 Savage launch, Nicki is dealing with personal issues while balancing being a new mom, and Beyonce has us all waiting by the mailbox for our Ivy Park boxes.
But personally, of the streaming wars, I've always rocked with Tidal (because it belong(ed) to the black guy), so I'm excited to see the direction it goes from here!
Are you a member of our insiders squad? Join us in the xoTribe Members Community today!
Feature image by Giphy
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Charmin Michelle is a southern native and creative spirit who works as a content marketer and events manager in Chicago. She enjoys traveling, #SummertimeChi, and the journey of mastering womanhood. Connect with her on Instagram @charminmichelle.
ItGirl 100 Honors Black Women Who Create Culture & Put On For Their Cities
As they say, create the change you want to see in this world, besties. That’s why xoNecole linked up with Hyundai for the inaugural ItGirl 100 List, a celebration of 100 Genzennial women who aren’t afraid to pull up their own seats to the table. Across regions and industries, these women embody the essence of discovering self-value through purpose, honey! They're fierce, they’re ultra-creative, and we know they make their cities proud.
VIEW THE FULL ITGIRL 100 LIST HERE.
Don’t forget to also check out the ItGirl Directory, featuring 50 Black-woman-owned marketing and branding agencies, photographers and videographers, publicists, and more.
THE ITGIRL MEMO
I. An ItGirl puts on for her city and masters her self-worth through purpose.
II. An ItGirl celebrates all the things that make her unique.
III. An ItGirl empowers others to become the best versions of themselves.
IV. An ItGirl leads by example, inspiring others through her actions and integrity.
V. An ItGirl paves the way for authenticity and diversity in all aspects of life.
VI. An ItGirl uses the power of her voice to advocate for positive change in the world.
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Exclusive: Koryn Hawthorne On Her Miraculous Love Story: ‘I Was Never A Girlfriend’
Gospel singer Koryn Hawthorne has used her voice to let the world know about what God can do, and now the Season 8 finalist of NBC’s The Voice is sharing a miraculous act that led to her engagement.
The Praise This actress shared in an interview with xoNecole that prior to becoming engaged to her partner, Hunter Register, she passed over one particular title on her way to becoming a fiancée.
“I was never a girlfriend,” Hawthorn, 26, tells xoNecole.
“We've known each other since we were kids, so we just kind of always had this distant friendship. We would hit each other up on social media, and [I] slide up under things that he was posting,” she says. “We ended up hanging out together, and when we hung out, it was an instant immediate connection from all fronts. I think we just knew from the first day that I don't want to spend a day apart from you.”
Koryn Hawthorne On Her Miraculous Love Story, New Album, & More
She continued, "And yeah, we probably were boyfriend or girlfriend after — am I delusional? Then we were engaged a few months later.”
The Grammy-nominated singer, who became engaged in November of 2023, went on to share what her experience has been preparing to become a wife, exploring the personal growth, challenges, and emotions experienced throughout the process.
“It's a journey, I'm not gonna lie,” she says. “Relationships, in general, are hard, and whenever you think about marriage, is just different from being boyfriend and girlfriend because if you piss me off, I could just go,” she shared. “But marriage is an actual commitment. It's a partnership. It's a ministry.”
Hawthorne, 26, and Register, 27, were childhood friends growing up in Louisiana and sealed their love during a weekend getaway in New Orleans last fall.
For the gospel star, marriage involves more than lovely-dovey aspects, emphasizing how her relationship has allowed her to grow, mature, and learn valuable lessons through love.
“We were supposed to get married in May, but like for us to be mature enough to be like, ‘You know what? No, let's take the necessary time to make sure that we're fully prepared for this commitment such a beautiful thing,” Hawthorne reflected.
“It's a learning curve for sure, but our preparation for marriage would have been the only thing that brought this out of me. It's hard and it's scary at times, but it's God's purpose and His plan for our lives.”
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Featured image by Dia DipasupilGetty Images