Parlux Perfume Saga: Jay-Z Receives $7.2 Million Payment

According to Forbes, Jay-Z was worth approximately $610 million at the time the case was filed. He's more than doubled that in seven years!!!

Parlux Perfume Saga: Jay-Z Receives $7.2 Million Payment- TSZ Newz
Parlux Perfume Saga: Jay-Z Receives $7.2 Million Payment

Jay-Z is $7 million richer than he was a day ago, and receiving this money means he can finally put a seven-year court battle behind him.

Paralux Fragrances handed $7,259,061.31 to Jay’s team on Wednesday, which is what the firm owed him after losing the lawsuit it brought in January 2016, claiming the mogul hadn’t met promotional duties for the fragrance Gold Jay-Z.

ALSO ON TSZ: Emily Blunt, Against Daughters Pursuing Acting

More than a year ago, a jury ruled in favor of Jay, but Parlux filed an appeal… which it lost last week. As a result, the corporation was liable for the $6.8 million in court-ordered damages plus interest.

According to Forbes, Jay-Z was worth approximately $610 million at the time the case was filed. He’s more than doubled that in seven years!!!

While $7 million would be like winning the lottery for most of us, it’s a pittance for someone as accomplished as Jay.

ALSO ON TSZ: Tom Holland Announces He’s Taking A Year Off Acting

He and Beyonce recently paid $200 million in cash for their new Malibu property. It’s the most expensive real estate transaction in California history, and the second most in US history, with a $100 million Bel-Air property on top.

So, once everything is said and done, $7.2 million should cover their high L.A. County property taxes for roughly a year.

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments