In 2013, Jay-Z put $2 million into Uber; when the ride-hailing company went public in 2019, his stake was reportedly worth about $70 million
India, Oct. 16 -- Most of us have probably seen a new startup and wished we were in early. Jay-Z actually did it. The rapper reportedly bought a $2 million stake in Uber in 2013, according to a June 2019 Forbes report by Zack O'Malley Greenburg. The magazine estimated that the stake was worth about $70 million when the company went public in 2019, roughly 35 times the reported purchase price.
In 2013, Uber was growing, and Jay-Z put $2 million in it. He later reportedly tried to buy more shares, but Travis Kalanick, Uber's co-founder and then-CEO, turned him down. The same report put his cash and investments at about $220 million, including the $70 million Uber stake, and his net worth at around $1 billion. It also called him the first h...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.