According to multiple sources, the focus will be startup tech companies.
Giving new meaning to the word hustle, Jay Z's latest move may not break the Internet-like the announcement that he and wife, Beyonce are expecting twins-but it will shake a few banks. The two are overseeing a $100 million venture capital fund.
Jay Z and Jay Brown are teaming up for a new venture capital fund. His slow crawl into the VC world can be traced back in 2011, when Roc Nation invested in Stance, a "premium sock company".
Russian Federation and U.S. remain major arms exporters in world
However the agency's three to five year economic forecast of its foreign weapons sales did sync up with Monday's SIPRI report. Vietnam, in particular, dramatically increased imports by 202 per cent, which puts it in the list of 10 largest importers.
A report by Axios says the duo has previously invested in the tech space. After a very rough start highlighted by three different CEOs in the first year alone, Tidal recently sold a 33 percent stake in the firm to Sprint Corp (NYSE: S) in a deal which valued the company at $600 million.
Last year, Forbes ranked Jay Z third on their Hip Hop's Wealthiest Artists 2016 list, putting his net worth at an estimated $610 million. It's still unclear whether Jay Z saw any return on his money, but if he did, it's likely to be meagre.