Cardi B Explains How Rihanna & Jay-Z Inspired Her To Become A Billionaire

Cardi B says she looks up to Rihanna as she aspires to reach the same level of success as billionaire status, which Rihanna and Jay-Z have accomplished in a short frame of time.

Rihanna is becoming known as a business maestro as she sweeps the fashion industry with her Fenty brands that include lingerie, skincare, makeup and beauty, and luxury fashions, and now she’s seemingly about to enter the haircare industry – a multi-billion dollar industry due to the popularity of wigs and lace fronts and fashionable hairstyles without damaging the natural hair.

According to Cardi B, her biggest influences are Rihanna and Jay-Z, and she wants the same level of success. Speaking to Stationhead this week, she says her aspirations have transformed from the time she entered music to now as she sees the possibilities.

“When I came to the game and people used to be like, ‘who do you look up to?’ I always used to say, ‘I don’t look up to nobody,’ because I didn’t really understand the game and I only feel like I got influenced by the people that was around me,” she explained.

She added, “But now that I’m at the level that I am at, one of my biggest influences is Rihanna and Jay-Z. And I’m not saying it to kiss ass or anything. I just feel like they’re so influential because Rihanna comes from a country, a Caribbean country, that my parents came from and she’s a whole billionaire.”

Rihanna, who was born in Barbados to a Bajan father and a Guyanese mother, was discovered in her teenage years, after which she migrated to the United States to pursue her music dreams. Over the last five years, she has been working on her business empire, which has transformed the financial ranking of the “Umbrella” artist.

Earlier this year, Forbes reported that Rihanna’s Savage X Fenty company had reached $1 billion in valuation that made her become the world’s richest female musician. Cardi B, on the other hand, is a first-generation American born to parents who are from the Dominican Republic, so the fact that Rihanna has achieved that much seems to resonate with Cardi.

“For her to make her business so big and be a billionaire, that’s what I strive to be. That’s what I want. I want to be a billion dollar woman. I want to build a huge brand,” she added.

She also associated her experiences with Jay-Z, who she says “was from the hood like me.” Cardi B grew up in the tough Bronx New York neighborhood and got her big break in reality TV after building a reputation as a stripper turned rapper.

“He’s from the hood and this man’s a whole billionaire. And that’s just all about strategy and that’s just all about shaking hands, that’s just all about putting plans together.”

Earlier this month, Jay-Z’s net worth increased from $1 billion to $1.4 billion after he sold shares in his champagne company Armand de Brignac to the luxury brand owner LVMH as well as selling his shares in Tidal to the Jack Dorsey owned Square.

Meanwhile, Cardi B has been changing her strategies as she has pivoted from music as her only source of income and has several movies coming out soon. The multi-talented Grammy-winning rapper has also appeared in many commercials as she puts her acting chops on display.

Jay-Z Adds $400 Million To His Wealth With TIDAL & Ace Of Spade Deals

As far as moguls go, there aren’t many who can touch Jay-Z’s legacy. He’s shown that transitioning from artist to successful businessman can not only be done but done well. Many might know that he was worth US$1 billion, and now his net worth has shot up by 40 percent following his most recent deals with Jack Dorsey‘s Square and LVMH.

Forbes made the revelation that Hov is worth about $1.4 billion. Some of that newly acquired wealth came from his decision to sell a majority stake in the music streaming company Tidal to Jack Dorsey’s mobile payment company Square for $297 million. The transaction was valued at around $450 million. Even though he’s sold his stake in the company, he’s retained a seat on the board as well as a small percentage of the company as well. The rest of his wealth came from a previous deal LVMH in which he sold half of his Armand de Brignac champagne for about $640 million.

Forbes also took an in-depth look at how he’s accumulated his wealth and how it all adds up to a staggering $1.4 billion. His cash and investments alone are worth about $425 million. Jay-Z has always been one to sing about what he’s living, and within the last few years, he’s urged fans of his music to take an example and invest when they could. According to Forbes, he has stakes in many companies, including Uber, Ethos, and SpaceX.

One of his long-standing brands is the music label Roc Nation which is worth $140 million. The company has certainly grown over the years and is now responsible for the Super Bowl Halftime Show. His cognac brand, which is in partnership with Bacardi, is worth $120 million. Of course, his Music Catalog would factor into his wealth, and that is worth about $95 million. The Empire State of Mind singer has close to 300 songs and owns the publishing rights and master recordings to his music.

“I bought some artwork for one million. Two years later, that s*&t worth two million. Few years later, that shit worth eight million,” Jay-Z raps in the “Story of O.J.,” and it seems he was trying to give some helpful advice. His art collection is worth about $70 million. Lastly, the deals that he made in real estate add another $50 million to his net worth.

It’s a truly impressive portfolio for the New York native who started his musical career after founding the record label Roc-A-Fella Records in 1995. It should also come as a little surprising considering the fact that you have to have something special to be able to sell 50 million albums and 75 million singles sold worldwide.

Jay-Z Sells 50 Percent Of His ‘Ace of Spades’ Brand To LVMH

Jay-Z’s champagne brand has gotten a big boost from luxury brand LVMH with the latter announcing its purchase of a 50% stake in the brand. Jay-Z’s champagne company Amand de Brignac but its trade name is ‘Ace of Spades,’ known for its vibrant metallic bottles.

The brand has been performing well, and according to statistics- before the pandemic, the luxury drink sold out more than 500,000 bottles in 2019. The new partnership will see Moet Hennessy being distributed globally. The French brand has several premium wines and spirits under its company name, which includes the likes of Dom Perignon Veuve Cliquot, Krug, and Chateau d’Yquem.

In 2014 Jay-Z bought into Armand de Brignac after the company tanked following disparaging and racist comments made by an executive towards rap consumers. The company was boycotted from 2006 until Jay-Z stepped in. the company’s wines and spirits are made by the Cattier family, who boasts a rich tradition of crafting the beverage for thirteen generations.

According to the New York Times, the deal has been in the making since 2019 between the son of the LVMH house brand- Alexandre Arnault. Jay-Z, speaking of his relationship with the younger French mogul, said, “I view him as a person of high integrity. Always keeps his word, very punctual. These are some of the qualities I have myself.”

Despite the pandemic, there is optimism about people continuing to buy luxury beverages in comparison to other commodities.

Last week Arnault’s company and Savage X Fenty, owned by Rihanna, announced a hold on their fashion house mainly because sales of clothing have dropped dramatically, largely due to the fact that with the restaurant industry shut down and with people not having anywhere to go, there’s no use buying in-season fashion to wear later.

However, champagne and other alcoholic beverages seem to continue to enjoy sales, particularly as can be seen at events such as Verzuz, the President’s swearing-in, and the many indoor house parties kept over the Super Bowl weekend.

In January last year, Beyonce and Jay-Z arrived at the 2020 Golden Globes with two bottles of Ace Of Spades in hand. The power couple later poured their own champagne during the awards ceremony sharing it with some friends seating close by.

Rihanna Teases R9 Album After Closing Down Fenty Luxury Brand

Rihanna Navy is hyped this wekend after she teases her upcoming album on IG.

Rihanna is once again teasing her fans and hinting that her album R9 is closer than expected. In a story released on IG on Saturday, the actress, model and singer posted a caption that sounds like she’s expecting everyone to be hype about her album. The story featured RiRi with a metallic face mask filter with her eye sockets aqua green with lightning strikes as she walks to what looks like a pool in a very tropical background.

The caption read, “everybody: …./ R9:”

It seems that while she has not directly addressed the launch of her album or a date for its release- she has been attention to what her fans are saying. The background song tagged on the story is “Looking for me” by Diplo with the hook “I heard you been looking for me.” So it seems that Rihanna is saying she knows her fans are looking for the R9 album.

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Meanwhile, the artist continues to be hounded on social media by her loyal fans who continuously ask for the album. On a separate feed post on her Instagram on Saturday, Rihanna posted a new under-eye product, but fans are not interested in skincare right now, with one asking, “This is cute and all but where’s the album?” Another said, “Can we get the album first?”

The R9 album is tagged as a follow up to Rihanna’s 2016 album ANTI. In 2019, the “Work” singer teased in 2019 that the album would be a Reggae Inspired album to pay homage to the genre, and further news confirmed that many reggae artists have sent in songs for the audition. However, it’s unclear if R9 is the Reggae Album as the artist is said to be working on two albums. However, she revealed in an interview in 2020 with the Associated Press that she just wants to have fun with music rather than be constricted to structures as has been done in the past.

Rihanna and LVMH recently announced that they’re closing down her luxury fashion brand, Fenty. The move comes less than two years after the brand was launched to disrupt the luxury fashion industry but failed to gain traction in the high-end market. The Bajan pop star and LVMH will instead shift their focus on her makeup and lingerie brands, Fenty Beauty and Savage X Fenty, which are both doing enormously well in their respective markets.

Although she is doing well as a businesswoman, Rihanna fans are hungry for new music.