Jay Z Pulls Another Major Business Move

Music

Jay Z Pulls Another Major Business Move

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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.”

25 Comments

  1. Get Busy

    August 19, 2014 at 4:08 pm

    Get money.

  2. Mcloving

    August 19, 2014 at 4:09 pm

    I love how diverse the Carter’s revenue stream is.

    • Queen

      August 19, 2014 at 4:14 pm

      It’s so inspiring.

    • Chelly

      August 19, 2014 at 4:21 pm

      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.

      • Treasure8430

        August 19, 2014 at 4:32 pm

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

        • Chelly

          August 19, 2014 at 4:48 pm

          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.

          • julyol1972

            August 19, 2014 at 5:55 pm

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

        • julyol1972

          August 19, 2014 at 5:47 pm

          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)!

  3. Anonymous

    August 19, 2014 at 4:10 pm

    Is this why the media is pushing these divorce rumors so much?

    • Tea

      August 19, 2014 at 4:21 pm

      Nah, that’s the Kardashians.

  4. Gabriella

    August 19, 2014 at 4:12 pm

    And this is why Jay stays so far ahead of the competition.

    • Anonymous

      August 19, 2014 at 8:05 pm

      right

  5. Nicole

    August 19, 2014 at 4:13 pm

    Smart move. Blue is set for life already.

    • Smoochie Redrum

      August 19, 2014 at 4:39 pm

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

  6. Peachy

    August 19, 2014 at 4:22 pm

    They keep the haters pressed with all these boss moves they keep making.

  7. Fashionista

    August 19, 2014 at 4:25 pm

    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.

  8. King Bey

    August 19, 2014 at 4:28 pm

    Black excellence!!!!

  9. julyol1972

    August 19, 2014 at 4:39 pm

    Now he can truly call himself a mogul – most of the rest of them are just pretenders the throne.

  10. Heather B.

    August 19, 2014 at 4:45 pm

    Nice.

  11. Lana

    August 19, 2014 at 5:07 pm

    He’s going to get that paper as many ways he can. I can’t be mad at that.

  12. Mike

    August 19, 2014 at 6:06 pm

    He’s a business, man.

  13. Anonymous

    August 19, 2014 at 6:25 pm

    Yasss.

  14. Meagan

    August 19, 2014 at 7:23 pm

    The Carters motivate me man. Seriosuly.

  15. Anonymous

    August 19, 2014 at 8:04 pm

    Man let me start working on myself and get my first million lmao.

  16. xedos

    August 19, 2014 at 10:56 pm

    watch lil wayne trying to get into the boxing business next

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