Not that he needed it, but Jay-Z is $7 million richer. TMZ reports the Roc Nation founder can finally move past a 7-year-long legal battle after winning a judgment against Paralux Fragrances. The lawsuit began after the scent company alleged the hip hop mogul breached his contract for the cologne, Gold Jay-Z. Apparently, they felt Jay-Z didn’t do his promotional duties adhering to the agreement. A jury felt otherwise, ruling in Jigga’s favor. Parlux didn’t give up the fight and filed an appeal, which they lost. As a result, the company was ordered to pay $6.8 million plus interest.
At the time of the lawsuit, which began in 2016, Jay-Z was worth an estimated $610 million, per Forbes Magazine. Today, his net worth has quadrupled. And his recent purchase proves such.The rapper and his wife, Beyonce, just scored a new mansion for $200 million — CASH. The Malibu, CA home is the most expensive real estate deal in California history. It also marks the second biggest in U.S. history. The purchase comes just a few years after they brought a $100 million Bel-Air home. They migrated from New York City – Jay’s hometown – a few years back. Since then, they’ve settled in and are focused on raising their three children, Blue Ivy, and twins, Sir and Rumi Carter.The 30,000-square-foot home in Malibu comes with all the fillings. The house sits on an 8-acre bluff overlooking the Pacific Ocean in the Paradise Cove area, which is also known as Billionaires Row, so they are in good company.
