Jay-Z Business ventures

Jay-Z has also established himself as an entrepreneur like his fellow hip hop moguls, and friends, Russell Simmons, Dr. Dre and Sean "Diddy" Combs, who also have business holdings such as record companies and clothing lines. In an interview, he stated that "my brands are an extension of me. They're close to me. It's not like running GM, where there's no emotional attachment."

He is the founder of the urban clothing brand Rocawear along with Damon Dash. Rocawear has clothing lines and accessories for men, women and children. The line was taken over by Jay-Z in early 2006 following a falling out with co-founder Damon Dash. In March 2007, Jay-Z sold the rights to the Rocawear brand to Iconix Brand Group, for $204 million. Jay-Z will retain his stake in the company and will continue to oversee the marketing, licensing and product development.He also co-owns The 40/40 Club, an upscale sports bar that started in
New York City and has since expanded to Atlantic City and Chicago. In 2008, the 40/40 club
in Las Vegas was closed down and bought back by the hotel after attendance steadily declined, future plans will see 40/40 Clubs in Tokyo, and Singapore.


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