And the rich get richer.
Rap mogul Jay Z added to his already extensive portfolio by purchasing the liquor brand he helped make famous in the hood.
The custom home, which is listed on the open market for $45 million, was featured on last week’s episode of Million Dollar Listing Los Angeles. Will Beyonce and Jay Z make a surprise appearance on Million Dollar Listing LA this season?
A federal judge has signed off on a $41 million settlement for the five men who were wrongly convicted of raping and beating a Central Park jogger 24 years ago. The settlement ends a long battle with the city of NY.
Andrew Madoff, son of disgraced financier and Ponzi schemer Bernie Madoff, died of cancer in NYC at age 48. His lawyer, Martin Flumenbaum, said Andrew was diagnosed with mantle cell lymphoma, an aggressive cancer of the lymph nodes.
Andrew was Madoff’s last surviving son. Madoff’s other son, Mark, committed suicide on the 2nd anniversary of his father’s conviction in NYC.
Rapper Future Hendrix is fortunate he sired most of his children in Georgia where child support judges are more lenient on deadbeat dads.
A judge ruled Future must pay $2,800 a month in child support for his oldest child, an 11-year-old son. According to gossip tabloid TMZ, that’s an increase from the $1,200 a month he was paying to baby mama Jessica Smith.
Atlanta rapper Yung Joc regrets making Forbes’ Richest Rappers list. Yung Joc, whose real name is Jasiel Robinson, was an up-and-coming rapper with a regional hit titled “It’s Goin Down” when he signed to Sean Combs‘ Bad Boy Records in 2006. Bad Boy released Joc’s debut album New Joc City which shot to #3 on the Billboard charts. Forbes took note of the young rapper’s success. In 2006 Joc was ranked #20 on the Forbes’ Richest Rappers list with an approximate personal wealth of $10 million. That’s when, Joc says, his friends and family started counting his money for him. “It made people really upset,” Joc said.
Jackie Kennedy Onassis‘ childhood home is on the market for a modest $44 million. Hedge fund manager David Ganek just listed the 2-story apartment at 740 Park Avenue where Jackie spent her youth from ages 2 through seven.
If you happen to have an extra $44 million laying around your bank vault, there’s a few things you should know before you call your broker. No mortgages are allowed in the world’s richest building. Come with cash or don’t come at all. And by “cash,” they mean assets of $100 million liquid. You must also be approved in a vetting process by board members who won’t even show up if they’ve never heard of you. And maintenance fees in this 19-story building of 31 units exceeds $50K a month.
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