Uber. According to Forbes, Jay-Z purchased a $2 million stake in Uber, the ride-sharing app, in 2013. The company is now worth nearly $60 billion.
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That could mean big bucks for the investors who got in early after the app was founded in 2009, including some familiar faces: Ashton Kutcher, Beyoncé and JAY-Z, Leonardo DiCaprio, Gwyneth Paltrow, Jared Leto, Olivia Munn, Edward Norton and Lance Armstrong have all been linked to the company as shareholders in a new ...
The hip-hop legend understood not only the company's potential, but how outrageously lucrative an initial investment could be. Unfortunately for him, Kalanick returned the excess funds. But Jay-Z still hung onto his $2 million investment.
According to Forbes, Jay-Z had cash and other investments worth USD 220 million, including his USD 70-million stake in Uber, as of 2019. Besides earnings from his music, the main source of Jay-Z's billion-dollar fortune is his many businesses.
Institutional Ownership and ShareholdersLargest shareholders include Morgan Stanley, Fmr Llc, Vanguard Group Inc, BlackRock Inc., Jpmorgan Chase & Co, Public Investment Fund, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Jennison Associates Llc, Capital World Investors, and State Street Corp .
Uber is owned majorly by a group of institutional investors like Morgan Stanley, The Vanguard Group, and FMR. Individual investors, especially employees of the companies — like the CEO and the COO — own a significant part of the company. The current CEO of Uber company is Dara Khosrowshahi.
Bezos owns The Washington Post, the space exploration company Blue Origin, and invests in real estate and other companies such as Uber, X Corp., and Airbnb.
The A-Grade track record let him do that: In 2011 Kutcher, Oseary and Burkle put $2.5 million into Airbnb, a stake now worth about $90 million. They also placed $500,000 in Uber–one chunk via Sacca's Lowercase Capital, which got in at seed stage, and another directly in later rounds–now worth north of $60 million.