Jay Z’s 100th Problem
“My ni88a Big predicted this s*** exactly, Mo Money, Mo Problems, gotta move carefully….”
Above, an excerpt from Jay Z’s “Heart of the City” record off the Blueprint 1 that expresses the hardships of achieving the highest peaks of financial stability. Currently, with enough money to speed up the efforts in Haiti, Jay Z remains human and is feeling every effect of the fragile economy.It was just 3 years ago, that the mogul announced plans to bring J Hotels into fruition but they were abruptly suspended due to the infamous money crisis everyone’s talking about.
Jay-Z claims that Highland Capital Management “duplicitously stalled” efforts to hand over the deed on the hotel building site in lieu of foreclosure in order to collect tens of thousands of dollars a day in interest and fees. Now, he’s suing the investment firm and the bank on the project for $3.7 million, claiming they’re “bleeding” him on loans on the abandoned project. HC Management says it will vigorously defend itself and pursue obligations owed to the investors.
Happy 100 Jay!!!
Party @ the 40/40. At least you still got those, right?
