Investment Win: Rihanna, Nicki Minaj & Beyoncé All Land An $8.9M Bag From Jay-Z’s Latest Money Move

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.”

And in a rare move, Carter took to, of course, Twitter, to publicly address the deal:

I said from the beginning that TIDAL was about more than just streaming music, and six years later, it has remained a platform that supports artists at every point in their careers. Artists deserve better tools to assist them in their creative journey.

— Mr. Carter (@sc) March 4, 2021

Jack is one of the greatest minds of our times, and our many discussions about TIDAL’s endless possibilities have made me even more inspired about its future. This shared vision makes me even more excited to join the Square board.

— Mr. Carter (@sc) March 4, 2021

This partnership will be a game-changer for many. I look forward to all this new chapter has to offer!

— Mr. Carter (@sc) March 4, 2021

And true to society, people hopped on the world wide web to react:

Some broke it down for the public:

Twitter

Others were excited Jay was tweeting:

Twitter

But mostly, we all thought, “he’s a business…man!”

Twitter

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• 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!

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.