Originally Posted by
Stockholm Patriot
Originally Posted by Ruxxx
*Peter Griffin*Whoa whoa whoa whoa whoa whoa whoa whoa... whoa... whoa... whoa*Peter Griffin*
What's this about Jay being broke between 07' and 08' and where did you hear this from?
Jay-Z was in fact broke, it's common for younger investors like him...he invested everything he had therefore had little or no liquid assets.
It came to light when Mikal Prokhorov squeezed him out of the Nets, he's a "minority shareholder" which means his 300 million only equaled to
3%., this was ALL of his worth...because he was dropped from Def Jam and had to buy out of contract to release BP3
When he appeared in forbes this year, it was "PROJECTED" worth, after the rights to his Reasonable Doubt masters become his factored into
the 190 million he accumalated for his LIVE NATION deal 2009.
He thought bringing LeBron to the team would give him more leverage and so did shareholders, Lebron played him like Jesus Shuttleworth and that's
when the Nets felt he wasn't important enough and made the Prokhorov move.
This is what I mean by fame is slippery ice