Rapper Nicki Minaj has reignited her longstanding criticism of Jay-Z, claiming that he owes her between $100 million and $200 million for her equity stake in the music streaming platform, Tidal.
The assertion, made in a series of pointed posts shared on July 8 via X (formerly known as Twitter), comes in the light of Tidal’s 2021 sale to Jack Dorsey’s Square Inc. for a substantial $302 million.
Minaj expressed her frustration by revealing that she was offered only $1 million for her stake, a far cry from what she believes her investment is truly worth based on the sale price.
Tidal launched in 2015, the platform reportedly gifted a 3% stake to 15 prominent artists, including Jay-Z, Beyoncé, Rihanna, Kanye West, J. Cole, and Minaj herself, at a time when the company’s valuation stood at $56 million.
Although Minaj and the other artists retained their shares post-sale, she maintains that the financial returns have been grossly inadequate, failing to reflect the actual worth of the company.
Read also:
- Jake Paul, Mike Tyson place $1m bet on Taylor vs Serrano fight
- Tupac’s associate Noble dies at 47
- Diddy Fans drench themselves in baby oil outside Courthouse to celebrate victory
In her posts, she calculated that her potential earnings could range from $100 to $200 million, urging Jay-Z to “call me to settle this karmic debt,” and emphasizing that the amount is “only collecting more interest” over time.
Despite this allegation, Minaj reaffirmed Jay-Z’s place in her “top 5” favorite rappers, yet issued a stern warning to his fans.
She stated, “y’all will answer to God for that blasphemy” regarding those who use his nickname “Hov.”
In addition to her claims about Tidal, Minaj expressed her intention to utilize the funds she believes she’s owed to benefit her charity, #StudentOfTheGame, which aims to support her devoted fans, known as the Barbz, with college tuition and student loan assistance.
The rapper’s criticism of Jay-Z and Roc Nation did not end with her initial posts.
In subsequent statements, she took aim at Megan Thee Stallion, another Roc Nation artist, alluding to the legal issues surrounding the Houston rapper’s past, thus underscoring the competitive tensions within the industry and the ongoing discourse about equity and fairness among artists in the music business.
