JAY-Z has expanded his impressive portfolio by taking a stake in the luxury watch industry through an investment in Wristcheck, a luxury watch marketplace.
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Beyoncé’s husband, who is known for his passion for watches, participated in the company’s most recent funding round, raising $5 million.
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This site allows watch enthusiasts to buy and trade luxury timepieces. The site ensures that all watches are verified by professional watchmakers, giving buyers confidence in investing large sums of money in authentic luxury watches.
“As an entrepreneur, JAY-Z has always been an inspiration to me,” Austen Chu, co-founder of the platform, said in a statement. “I remember growing up listening to his music – his lyrics not only introduced me to watch brands like Audemars Piguet, but also fueled my love for watches even further, as he bridged the gap between watches and pop culture.”
He continued, “As the most influential celebrity watch collector of the 21st century and a certified GOAT, his endorsement carries immense weight both personally and professionally. It is a testament to the trust and community we have built, and marks a major milestone in cementing Wristcheck as a platform for watch enthusiasts around the world.”
JAY-Z has curated a special collection of watches including famous brands such as Richard Mille, Audemars Piguet, Hublot and Rolex.
In 2021, the “Empire State of Mind” rapper also made headlines for spending $6 million on a unique collaboration from Tiffany and Patek Philippe.
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The father of three later proudly displayed the watch at the premiere of Idris Elba’s film The more you fall, the more it hurts.shortly after it sold for $6.5 million at auction, according to CNBC.
JAY-Z was also spotted wearing a remarkable $2.2 million Patek Philippe at one of Diddy’s parties. He also debuted a Richard Mille watch at another event that took 3,000 hours to create.
Known for his diverse investment portfolio, the ROC Nation founder has made a name for himself with a string of major investments, including a sizable real estate portfolio, an early stake in Uber, investments in cannabis software company Flowhub, and plant-based milk company Oatly.
He is also the former owner of the NBA team Brooklyn Nets.
Forbes magazine reports that JAY-Z has a net worth of $2.5 billion.
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