Jay-Z recently stepped down as the head of Def Jam records, perhaps because he's got a new project, a chain of five-star hotels. Various sources are reporting that he
recently paid $66 million for a piece of land in Manhattan's Chelsea neighborhood in order to create the first of his new J Hotels. Jay-Z, born Shawn Carter, already as a clothing line (Rocawear) as well as his own bar chain, the 40/40 Club (he opened the Las Vegas 40/40 Club over New Year's) so this deal seems more secure than some of the others we've seen, such as Nicky Hilton's attempt at the hotel business.
Reader Comments (Page 1 of 3)
hrd Jan 3rd 2008 9:26PM
Who gives a rats ass ,we have real problems right now ,not who makes 66 mil $ on a bis deal .
Just B Jan 4th 2008 9:48AM
Why do people always say " I wish the rich gave to charity" or "why do we care about how so and so spends their money" on LUXIST? A LUXURY goods blog. We come here to read about big spending. Don't waste your breath asking who cares, just don't read it... check out thehungersite.com and do something about some "real" problems. I come here to read about 40k bottles of Dom, so does everybody else. You're the only one who is looking for info on "real" problems.
joylondon Jan 10th 2008 6:22PM
touche!! it is about time we stopped obsessing with that less then 1% of the population that has unlimited spending ability and start worrying about the other 99% who have problems just getting health care, buying gas and paying their mortgage!!
Haley Jan 3rd 2008 11:19PM
I wish I had that much money to give to charity. I wish the rich had big generous hearts instead of spending millions on a party.
Just B Jan 4th 2008 9:53AM
You don't know what kind of charitable contributions Jay-Z or any other celeb makes. Perhaps they keep it private, perhaps you just aren't well versed enough to know about their philanthropy.
Jay-z had a big "Water in Africa" thing about a year ago though, the U.N. recognized him for it. Installed a few wells, MTV documentary, raised international awareness. How many soup kitchen hours did you clock in ’07?
This article doesn’t even mention a party. Do you just pop into articles and bemoan the stingy hard partying rich for kicks?
Papaslam Jan 4th 2008 2:43PM
America is a capitalist country where
even a kid from the ghetto can survive,
thrive and build his own hotel chain. If
you want to change the world either become a politician, uber-wealthy or
give people jobs. Otherwise, sit back and
watch while others do the work!
ScottyWottyDooDoo Jan 7th 2008 11:38AM
Well said, Papaslam!!!
Adore Jan 4th 2008 10:43PM
thank you Just B. ask yourself what do you have that's luxury to others and are you willing to give it up. we give as Americans more money to charities then most countries and so far as much as we give people are still starving. so I presume that those who keep saying give to charity don't have cell phones, name brand items, a nice car, your children don't waste nor have all those unnecessary things that kids have (vid games,ipods). I bet no one in your poorest neighborhoods know of you to donate all your worldly possession or do you and you just don't brag as Jay Z and others don't. im all for giving to charity but why should one have to deprive themselves to do so.
SeptLibrainbo Jan 5th 2008 9:47PM
True
Septlibrainbo Jan 5th 2008 9:50PM
I enjoy Just B 's comments. That's why I'm in here to read up on the rich and famous.
Joy Jan 6th 2008 2:08AM
Congrats to Jay-Z. Hell, if I was him I would prosper as much as I could in this lifetime. I believe he helps the less fortunate and that's why he continues to be blessed in what he does. Other races get richer. They do it everyday, don't they and we never say anything about it because it's the "Norm". When Jay-Z builds that hotel, I hope I can afford to stay there one night because I will be there to support this Black Brother!!
JAY-Z, I GIVE YOU RESPECT HERE IN TEXAS !!
"JOY" IN TEXAS
Charlene Harris Jan 6th 2008 8:16PM
Amen, I am so happy to see young black men doing something beside going to jail. Build that hotel Jay Z and I'll be there. I love to take my mini-vacations and check into a nice hotel. How pleasing it would be to this older African-American lady to know that I was relaxing in a hotel owned by an African American for a change. God Bless You all
tamara Jan 6th 2008 3:16AM
work hard ..be creative..quit hatin..u will have what he or they have...
CANDACE Jan 6th 2008 4:57PM
BEST WISHES JAY Z, KEEP ON KEEPING ON .......KEEPING THE EYE ON THE PRIZE............ PEACE
Kelly Jan 6th 2008 10:55PM
lol...who the hell is gonna stay at the J-Hotel in Chelsea?...lol
Danny Jan 6th 2008 10:56PM
Its funny you'd think he'd open up a hotel in Harlem or another area that needs the money...not Chelsea which is already outragious in price
jr Jan 7th 2008 6:43AM
why does race keep poping up in these articles?i dont care what his race is if hes smart enough to invest his money then more power to him
Itsie Jan 7th 2008 7:29AM
Hopefully, he'll come to Niagara Falls, USA. Here we only have one four star hotel and it's drawing in customers like flies!
Get Your's J! We;re proud of you!
Much Love
Jaybirdtahoe Jan 7th 2008 3:55PM
Hmmmm... "drawing customers like flies"... That might not be my kind of hotel...
bigmama Jan 7th 2008 8:12AM
...the best thing you can do for the poor is not be one of them ...