FIRST!!!

Because net worth and liquid assets are completely different things. People with no money, think they are already rich cuz they have a couple/few milli in the bank, or never plan to have any don’t know the difference and that spells trouble.

Your not really considered wealthy in this world unless you are generationally wealthy meaning you’ve done more than sold a couple of albums, had a few endorsements and popped your coochie till the screen fogs up!

I am sorry…you can sue the people you owe money? I did not know loans worked that way…

He got $52 MM problems and a loan is one. LOL!

Not implying that you pay back a loan with your own cash money out of your account, just saying I don’t believe he has a 1/2 billi in the bank like he claims. His “investments” obviously don’t generate the kind of income he claims to have generated.

HATE TO SEE WHAT HE LOOKS LIKE WHEN HE FIRST WAKES UP!! UUUGGGGHHH!!

WELL THIS ALL IMMA SAY..

IF YOU DO NOT HAVE GOD IN YOUR LIFE EVERYTHING YOU TRY TO DO WILL FALE….HINT HINT

IN THIS LIFE YOU CAN NOT MAKE IT WITHOUT GOD

JAYZ HAS A BIG EGO AND IT’S ABOUT TIME HE PAY FOR IT….I JUST HOPE THAT BEYONCE WONT BE HELPING HIM PAY OFF HIS BILLS BILLS BILLS

I’M TELLIN YALL

JAYZ IS DOING DRUGS AND NOW HE’S TRYINH TO GET BEYONCE HOOK ON THEM

KANYE WEST IS DOING DRUGS NOW SO IS RIHANNA

JAYZ BE HAVING DRUG PARTYS ALL THE TIME…BUT PEOPLE DONT SAY ANTHING ABOUT THAT DO THEY

JAYZ IS 40 BUT LOOK LIKE HE’S 50…THAT’S BECAUSE THIS DUDE IS ON DRUGS

IT WANT BE LONG UNTIL BEYONCE BE HOOK ON THEM TOO…

I saw something on TV one time about Dame Dash trying to build a hotel or something of that sort in Manhattan. I wonder is this related. This was a few years ago before the Rocafella beef.

What does ne know about ho-tails.

Guys trashing Jay, let me school you. In business, borrowing comes with the territory. Trump jump started his empire from heavy borrowing. There is a difference between liquid assets and fixed assets and you need to know how to manage the two. Jay seems to have the right advisors and intelligence to see that which is why he involves financiers when venturing into capital intensive projects like real estate. You haters…hate coz u gat time for that. Jay spends his time making papar. PEACE

I didn’t know you could sue people you owed money to either. Nifty.

WELL, WHO CARES….. WE ALL KNO HE GOT 400 MILLION! HE CAN BUY 4 OF THOSE!

both ugly as f’ck

everyone thinks jay-z is wealthy… but he’s just rich. and dame dash never was on tv trying to build hotels deez… that was j’s j hotel venture they was talking about. i remember the broadcast.

Jay is damn near broke. It hit the net a few months ago he took out a lean on one of his properties. Whydo yu think he married Beyonce? for money. His money is not that long. So he had to close the best deal and thats beyonce! Bey thinks she really took him from rihanna. Jay chose Beyonce she works hard for the money.I know he cuffs millys from her.He using the shish out of Bey good for her!

Some of you are ignorantly mixing issues. I didn’t read anything here about whether borrowing to make money is bad or good. The issue at hand is why Jay-Z defaulted on the $52 million dollar loan. Why don’t some of you Camel and Beyonce stans/fans answer that? If a bank loans you millions and gives the cash to you and your plans don’t work out because the real estate market collapses, you still owe, even if you are Jay Mother-fuc*in Z.

We’ll have to wait for further developments. Good businessmen don’t lose their skills overnight. If the worse comes to worse than Beyonce pays all the heating bills!

Perhapes he dosent have all the money people think he has may we shouldnt believe the Forbes list.

@Ron G. If YOU had actually read the artical you would have seen that he is suing a lender who apparantly did not meet his obligations therefore resulting in his investment defaulting on a loan. Jay is taking aloan for an investment, backed by another lender without actualy putting his own. He prob did that with an asset as collateral or a really god business plan. That is smart business…take notes y’all!

proven business what? for starters,..the dude founded a clothing company (nice) and then proceed to ignore it till its 10th anniversary (epic fail), he then opened a string of clubs…which he then proceeded to also ignore…now dude took out a loan to build or hotel or sumtin? what? seriously? why doesnt he do like diddy: focus on one thing,..build it to critcally acclaimed status (sean john’s show impressed critics in paris..i was there)…and then move unto something else AFTER that? also..ignoring your businesses and selling off all your stock when the market drops arent signs of “business acumen”..they’re signs of stupidity.

They are called loan guarantees…..

OMG!! JAY-Z IS SOO F*CKING!!! BEYONCE IS TOO BEAUTIFUL TO HAVE KIDS WITH A BLACK MAN. HER CREOLE BLOOD WILL GO TO WASTE. SHE SHOULD BREED FOR A WHITE MAN!!! HER BABY WOULD BE GORGEOUS!!

UGLY*

@Mr. Frech African-Sue Me, he didn’t become the wealthiest in hip hop by accident. Maybe Diddy should be taking notes too. What exactly do you mean by ‘ignore’? You don’t have to brand every business with your name and image.
When stocks are plummeting what do you do in French Africa?

Good god that picture is not a pretty sight!!

You have to look at it as a corporation. It is not Jay Z who is liable for anything, it is the corporate body. If the company loses 1 billion dollar, they can’t touch any of Jay Z’s personal money. That is why people incorporate to avoid putting their own money at risk.

@dontmatter, fa sho!

Get off of Camel’s tip.

No doubt Jay has stayed under the radar no Irs liens, no defaults etc, but I hope he remains untouchable because the Irs is always looking for blood.

Yeah jay needs a makeover his mug is starting to sag and the nose is getting bigger by the minute..he should use some of those stacks he got to do a few things to his face.

U GUYS ARE IDIOTS U STEADY TALKING ***** CAUSE U DON’T UNDERSTAND THE CONCEPT OF DOING BUSINESS. HE BORROWS THE MONEY FROM A BANK BUILD A HOTEL, CREATE A HYPE, SELL THE HOTEL AND MAKE A HUGE PROFIT WITHOUT EVER SPENDING A DIME OF HIS OWN. THAT’S HOW THE WEALTHY STAY WEALTHY, THEY CREATE AN APPEARANCE THAT THE POOR TRY TO ATTAIN AND WASTE THEIR MONEY TO DO SO. JAY-Z IS A SMART MAN WHO KNEW HE WAS DOING ALL THESE BUSINESSES AND HOW MANY RAPPER U KNOW GETTING MONEY LIKE HIM.
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First of all, I do understand business, and one thing I KNOW is that YOU DON’T spend $66 million before anything is built, ESPECIALLY in a recession. He’s not going to make that back in five years, let alone ten because NOBODY is BUYING ANYTHING! In order for him to turn a quick profit after spending over $100 million on this venture, he would HAVE to have a CASINO there, if it’s just a luxury hotel, he will have major issues, MOST of the hotels in NY aren’t filling up like they did in the past. This is a GLOBAL RECESSION! This was a silly idea, and obviously not well thought out, ANYONE with COMMON SENSE would’ve advised him NOT to do this NOW, and to probably do it elsewhere where the land is much cheaper.

SMH…… YOU CAN TELL THERE’S VERY FEW COLLEGE GRADS POSTING COMMENTS FOR THIS PARTICULAR ARTICLE… SMH UNEDUCATED DUMMIES STOP HATING!! IF U DONT KNOW SOMETHING ASK QUESTIONS…. JAY KNOWS EXACTLY WHAT HE IS DOING..DUDE IS FAR FROM BROKE

But for real though… it sounds like he got caught up like millions of other Americans with this housing market/ real estate crisis. The difference is he’s upside down on a $52 milli loan… goes to show no one is exempt. Rich, famous, or otherwise… the same rules apply.

Jay you know your wife don’t go for that richer or poorer shit. Greedy witches like her never do. Looks like you still won’t be giving any money to Haiti.

Do what thou wilt?

-the gospel according to jay z