Jay Z Pulls Another Major Business Move

Photo Credit: Robin Harper/Beyonce/Tumblr
Photo Credit: Robin Harper/Beyonce/Tumblr

By: Amanda Anderson-Niles

Jay Z may be in the headlines more as of now for divorce rumors, but the Hip Hop mogul isn’t letting the gossip stop him from making some more serious business moves. In fact, it’s now been confirmed that Jay Z is now moving into the boxing business.

ESPN writes:

While Roc Nation Sports has yet to sign any boxers, the company made a big move by hiring David Itskowitch to serve as the chief operating officer of its boxing division.

Itskowitch, who said Roc Nation Sports has already secured a promoters license in New York and Washington, D.C., is a highly respected and experienced executive with 18 years in the boxing business.

“This is a serious business for us moving forward, and Dave has one of the great reputations in the boxing industry,” Yormark said, adding that Jay Z and Roc Nation Sports president Juan Perez are big boxing fans. “Hiring him should be a loud and clear statement this is serious for us and that we will do this the right way. We have one of the most respected individuals in the sport leading the charge for us.

“We didn’t wake up yesterday and decide we wanted to get into the boxing business, but our first significant move was to bring Dave into the organization. This is an opportunity for us to change the game. It’s been in the works for the last six or eight months, and now we are making our move. Jay Z has an incredible passion for boxing. We want to take the platform we’ve created and bring that to the boxing industry. We want to bring more money and visibility to the sport and give the boxers opportunities outside the ring.”


    1. That’s how it has to be. Even the rest of us who aren’t famous. You can never put all of your eggs in one basket. I’m mad at myself for just now buying stocks/bonds and investing.

      1. I need to get into stocks, bonds and investing. I really want to but don’t know where to start…..

        1. Well I’m still learning too but I saved a couple of G’s and bought up some Apple stock. In a few moths I’ll try to buy some more stock from another company if I keep my spending sensible and keep saving. But I have a lot to learn.

          1. I heard Coca Cola, and Ancestry.com surprisingly are two companies that are good investments. I’m still learning too 🙂

        2. I work for a biotech firm, and happily stock options was part of the hiring package…but it is still really complicated.

          Your best bet is to talk to the HR dept at your job. They can recommend classes, and or outside options for you to look into. They’re also online programs available to start off your portfolio. Hope that helps (sorry for butting in)!

    1. Shoot. Her kids & their kids set too. Laying the foundation to be old money. I ain’t mad at all.

  1. Gotta respect his ambition. Now people like to talk about how ugly they think Jay is but I bet it was him ambition that made Beyonce fall for him.

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