A failed business, man

Remember back when rich black people used to lose all of their money by spending it on shit that was very shiny and expensive-looking? Then the next thing you know you’d hear about how they somehow ended up owing more money to the IRS than they made in the first place, and the government would come and seize all of that shit and sell it off for pennies on the dollar. Some middle class white family would end up living in their ridonkulous house with huge fish tanks and solid gold bath tubs.

I actually kinda miss those days. These days, when you hear about rich black people losing a shedload of money, it’s because they invested it in some ol’ bullshit. They started to believe in their own business acumen, when it’s obvious (because they’re black) all their money came from entertaining white people. Which, to me, might be even worse than blowing your money the old fashioned way. It’s one thing to have $30 million and spend it all on cars, a crib, and cutting checks to your so-called friends from the ghetto. There’s no excuse for fucking up a billion dollars, or half a billion dollars or whatever.

There’s a big story in the New York Post today about how this is happening to Jay-Z. It doesn’t sound like he’s at any risk of having to move back to the Marcy Projects, on some Rocky V shit, at least not yet, but it sounds like he’s losing a shedload of money on investments that he could have just as easily not bothered with. He’s buying up ownership stakes in companies he has no idea how to run, and invariably they end up losing money, when he could have just as easily left that money in the bank, or invested it in the stock market or some shit. It says right there in the Post that, if Jay-Z had invested the money he spent to buy into the Nets in the S&P 500, he’d be up 7.6%, whereas the Nets are down %10. And you know how fucked the fuck up the stock market has been.

Some of these other deals Jay is losing money on sound like some shit right out of that season of the Wire when Stringer Bell tried to go legit, building condos and shit on the waterfront. Remember that scene where Clay Davis had to explain to him why he didn’t have shit to show for all of that money he spent bribing bureaucrats and what have you? Similarly, it sounds like a group of more sophisticated criminals/business people may have sold Jay-Z a bill of goods. He spent all of this money on real estate, for a chain of hotels he was gonna launch, but then the bank wouldn’t let him walk away from them when they went underwater – even though I’m pretty sure white companies do that shit all the time. There was a segment on it on 60 Minutes a couple of weeks ago. Similarly, that corrupt AEG deal he ended up having to pull out of didn’t sound any worse to me than the shenanigans that go into the awarding of any huge government contract. He must not have bribed the right people.

Not to spoil the Wire for any of you who haven’t seen it, but let’s just say Stringer Bell never got the chance to drop out of community college and go back to counting these rocks. It’s not too late for Jay-Z to go back to just being a rapper/fake CEO, and he probably should. Towards the end of the article in the Post, there’s a handy breakdown of Jay’s various business ventures, based on their relative success or failure, and if you notice, the only ones that can be considered an unqualified success are the ones that are at least tangentially related to rap music. Like Rocawear. The only non-rap-related venture I’d suggest Jay-Z even bother with at this point is the Nets, which could pay off big time, if he could convince Lebron James to sign with them. That investment could go from huge, embarrassing failure to cha-ching in one fell swoop. The question is: how do you convince Lebron James to go play in motherfucking Brooklyn, rather than signing with the Knicks, or staying in Cleveland? Jay-Z might wanna try talking some brother talk to him. If the Nets can come up with as much money as anyone else, why would he sign with a team that doesn’t have .27% black ownership? That’s why black people can’t have shit.

  • dat k00n nigga

    boi

    we need this type of shit on your website not the homo’s that are running your site in the ground

  • sealsaa

    *Sticks money under mattress for safe keeping*

  • geico lizard

    Jay-Z is going to offer LeBron one night with Beyonce if he signs with the Brooklyn Nets. Jay cant lose on the Nets because a Russian Billionaire just bought the team and he will do whatever it takes to win. LeBron can have a condo in Russia full of prostitutes and a yacht full of prostitutes if he joins up with this billionaire.

    His name is Mikhail Prokhorov he sounds like your kind of guy Bol you should check out the 60 minutes interview with him and others online. He seems like a James Bond villain come to life.

    • politics as usuaaal

      hahahahah

  • these posts are racist

    Really Byron? This is the definition of “reaching”. I read the article, it’s not “big” or “informative”.

    What’s Jay-Z’s networth Byron? Do you have any idea how the “market” or investments work? The trend decribed in the Post is typical of big time investors.

    Jay is fine. How much is he worth Byron?

    • ben

      dont waste youe time with Byron the f*g…he would probably nut if jay-z said hello to him. Real groupie that has been hurt for some reason by jay but i cannot put my finger on the way he was hurt.

    • This Niggas Mad

      ^And the fact that you got your panties in a bunch means what? I’m sure you have Camel on speed dial right? Live beard Larry Johnson

  • gekko

    never have i seen such a love…u fat sorry bastard dont worry i will help u get a picture with jay

  • byron you sorry excuse of a human being

    Byron if you didnt know let me enlighten you: what you will make your whole life before taxes, jay-z paid in taxes in 2009…forget that, include your childern and grand childern to that analogy (im already sorry of your wife)

  • J U A N

    Bol is the only reason i go to this website.

  • J U A N

    (NO HOMO)

  • luciFER

    I hate when people brag about other peoples money. ^^^^^^^^^^^ Jay-z didnt go to business school therefore knows nothing about investing in the right business..

  • (No Homo?) Huan

    Really Huan no Nomo? It sounded v Homo to me

  • http://www.bboycult.com $yk

    It’s a sad day when you have to co-sign with the devil.

    At least tpar said it 1st. Trump has lost way more paper than Jay can even/ever get his hands on.

    • these posts are racist

      What up $yk,

      hope all is well homey. Not sure what you mean…

      • http://www.bboycult.com $yk

        Whaddups?

        I meant you are correct, even luciFER above stated the same thing.

        This realistically is nothing but a editorial column from The Post seeking interest. The Jay-Z music spreadsheet out now is even more d^ck-riding despicable.

        The $ losses are revenue Jay could be making if he put the hood on right (supermarket, office building, tenant apartments, mini-mall, gas station, movie theater, merchandise warehouses. These pre-existing buildings are all around Marcy). That’s a mini economy right there.

        Karma.

        • avenger xl

          A few other things that Jay-Z and the rich entertainers never really gained any control of is media. How do you get all of this clout and gain any more control in the industry that you make your money in.

          No digital or real world distribution company.

          No catalog company outside of the rocafella catalog

          No partnering with other big urban entertainers to buy a fledgling black radio station and make a decent contender in the national urban radio landscape.

          No online media outlet or even investment in urban news media outlet

          Come on this is his point of expertise and he didn’t further capitalize or diversify. But I am sure any so called loses he has are just tax right offs on venture capital Jigga is no mc hammer he is not throwing his money away. Like syk said that rat ain’t even helping the hood he credits for shaping him.

        • http://www.bboycult.com $yk

          ^^^^^^^^^^^^^^^^^^^

        • these posts are racist

          Word, $yk.

        • avenger xl

          HARDY HAR

  • Bob36

    Never in my life i have seen somebody hate so much on Jay. That’s sad because you talking about jay almost every two or three post. SMH

  • JESUS

    Bad things happen to bad people. Totally cosign Syk. I have yet to hear a story about jay-z building a park or school for the kids down in brooklyn. Hell 50 has had so many events and fundraisers for queens thats y u knw hes a real nigga. He dont forget were he came from and i think Jay has. And to all the Jay-z dickriders i aint talkin about his music, I’m talking about the shady shit hes done as a man.

  • Da Facts

    So the whole Haiti relief thing thats not helping ppl he performed many times at many different venues for haiti without receiving a dime all the money went 2 Haiti. He did the same for Katrina as well as for 9/11. Jay-Z gives back to his community ask anybody who lives in marcy if he goes bak every summer to give money and help the kids in the neighborhood. At least every year he gives money to sum kind of charity. Im not a Jay-Z dickrider or nuffin but its just ignorant and wrong to make up lies about ppl 4 watever reason. Bad ppl hav ppl killed good ppl give money to charities. Despite wat dis nigga says about Jay losing an abundant amount of cash he still made a huge profit he jus looks at da negatives like the ppl who say jay is a bad person. Its funny how ppl let their emotions get in the way of fact. Jus cuz u hate da man does not mean he loses more money then he gains do sum research b4 commenting otherwise u jus look stupid 2 ppl who actually hav sum intelligence.

    Peace

  • luciFER

    Lol at the guy above me thinking charities actually get to the ghetto…news flash homie they dont..and jay-z did all those “free concerts” to promote his album he aint stupid. Last time he went to marcy was when he was driving threw in that victory parade for the yankees…he dont care about nobody but his damn self. Charities to jigga are just another tax right off to him.

  • Teddy

    man his set his married to beyonce even if he loses everything she makes just as much money as him so she will have him covered either that or diddy will give him one of his businesses for free just out of mogul to mogul sympathy

  • Master CHeef

    What about the time Jay went to Africa with MTV and carried a bucket of water from the river to some thirsty kids?

  • Kush Nap

    Lol at the people that think bol hates jay-z..its his job..and his opinion..dont read his blogs if u feel bitter about the truth..

  • gaddic

    Damn Bol is getting attacked by Jay-z stans over factual occurences
    FACTS THAT JIGGA IS LOSING MILLIONS IN BAD INVESTMENTS!

    u FOOLS SHOULD Realize
    JaY-Z ISN’T SOME GENIUS BECAUSE OF BEING A VERY TALENTED RAPPER
    Yeah he’s smart at making money and got lucky with some profitable ventures but business shit like this always happens
    And the fact is bad shit is happening to Jay-z’s money

  • CheddaMan

    Damn! Bol’s The Truth. Niggas always get bent outa shape about his blogs and website but the brotha hits the target every muthafuckin time!

    Jay Z wanna boast about being a business, man but the fact for all u niggas who keep crying like bitchasses every time somebody comes along and tells the truth is that – WHITES CONTROL WHAT THAT NIGGA JAY Z DOES!

    THE MUSIC BIZ, THE MOVIE BIZ, THE MONEY BIZ IS ALL CONTROLLED BY WHITES, MANY OF EM BEING JEWISH. Y’all Jews need to quit bitching when we point it out, I aint no racist but your peeps own this shit. They run the town, along with other whites, not weakass Kanye, pawn Rihanna or Jay Z who shitted on brothas to get in with the real owners.

    Y’all need to listen up to Prof Griff – maybe the brotha got some detail wrong but his basic theme is the truth. These bizzes are a cult and niggas who wanna get a piece of the action got to do dark shit to get where they at.

    Jay Z sold out to em, his Roc sign (really from the Church of Satan) shows he’s a Satanist. He worships himself but when niggas do that they calling on muthfuckin evil powers. They also beholden to the whites who control all this and they done got dirt on Jay Z, Beyonce, Kanye and the others. That’s how they control them.

    Jay Z being played by the real owners. He’s being jerked along but y’all can see how he aint doing what he wants bizwise. And all that bad karma from fucking his brothas gonna come down on his camelhead in our lifetime.

    • what

      Holy shit, you should have died at Ruby Ridge.

  • No Mames Buey

    The most hillarious isht was Dame Dummy Dash claiming “I aspire to be a quarter of a trillionaire”, which is like 5X the worth of the richest dudes on earth (~50B Bill Gates, & Carlos Slim)

    Dame Dummy without Jay can’t even be a successful music exec; he’s failed to “make another hov”

  • No Mames Buey

    Most of Camel’s business is associated his name on something, & using his popularity. Good for him, but I wouldn’t say Camel is a true entrepreneur.

    A true entrepreneur could, for example, make lead-free children toys by building a factory/warehouse in Brooklyn, stamp the “Made in America” sign on it, & pwn say 5% of China’s slice of the market.

    A true entrepreneur is the Gustavo Fring character in Breaking Bad, much moreso than Camel or Dame Dummy. Well I’m referring to the legit Pollos Hermanos & industrial landromaut businesses, not the blue meth biz! Unlike Dame & Camel, Gustavo doesn’t spend all day yelling how great he is, Gustavo quietly actually DOES a great job running his businesses.