New Billionaire Jay-Z Invests In A Cookie Company

Hov is ready to take entrepreneurship to the next level.

By: Shirley Ju (@shirju)

(AllHipHop News) Jay-Z will forever go down as one of the greatest rappers to ever do it.

Most recently, he earned another major accomplishment as the first ever rapper billionaire.

Jay's profits come from all facets of his life including Roc Nation, Tidal, art, real estate holdings, and even a big stake in Uber.

Now the rapper, real name Shawn Carter, has put his money towards a new venture: Partake Foods, a New Jersey-based company that makes cookies free of allergen.

The rap mogul’s company Marcy Venture Partners led a $1 million seed round, which included money from The FactoryBackstage Capital, SoFi Ventures, and Beyond Meat’s Chief Growth Officer, Chuck Muth.

In a press release, Marcy Venture Partners co-founder and managing director Larry Marcus stated: “Partake has the ingredients to build a mass market brand: compelling values, a great tasting product, and a tenacious and experienced operator. We are honored to back [Partake Founder] Denise [Woodard] and the team and help grow their business."

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