That his circumstances are unique.
Jay owning his masters only works because of how many albums he put out combined with how big of an artist he is. Had a normal artist went with ownership over the money the value would be peanuts in comparison. It's damn near if not flat out impossible for any artist to sell the way Jay did in the late 90s...including Jay himself in today's climate. Jay for as much money that he claimed to have had to get those Premier beats on discount through a special deal that wouldn't have been made with others...and that was his only big producer on RD.
Jay is a guy who couldn't get signed that had 2 partners to help him start a label. Good look finding a Dame and Bigges today. Jay also came in at a time where tv, radio, and magazines mattered. The machine has completely transformed and being from New York is a death sentence to your career now.
Jay's fortune largely comes from great timing, opportunity, and the right networking.
My point is Jay despite gaining as much money as he did didn't do it by being a great business mind. None of his individual business ventures worked that well. I got most of his fortune from factors out of his control that couldn't be predicted not by following some formula.
Stop making him out to be some all knowing financial guru.
Jay owning his masters only works because of how many albums he put out combined with how big of an artist he is. Had a normal artist went with ownership over the money the value would be peanuts in comparison. It's damn near if not flat out impossible for any artist to sell the way Jay did in the late 90s...including Jay himself in today's climate. Jay for as much money that he claimed to have had to get those Premier beats on discount through a special deal that wouldn't have been made with others...and that was his only big producer on RD.
Jay is a guy who couldn't get signed that had 2 partners to help him start a label. Good look finding a Dame and Bigges today. Jay also came in at a time where tv, radio, and magazines mattered. The machine has completely transformed and being from New York is a death sentence to your career now.
Jay's fortune largely comes from great timing, opportunity, and the right networking.
My point is Jay despite gaining as much money as he did didn't do it by being a great business mind. None of his individual business ventures worked that well. I got most of his fortune from factors out of his control that couldn't be predicted not by following some formula.
Stop making him out to be some all knowing financial guru.