Jay Z signs a $200 million touring deal with Live Nation

ATLANTA, GA - FEBRUARY 23: Jay-Z attends the So So Def anniversary party hosted by Jay Z at Compound on February 23, 2013 in Atlanta, Georgia. (Photo by Prince Williams/Getty Images)

Jay Z and Live Nation have announced an exclusive 10-year touring partnership! The deal, which was announced by the rap icon on Thursday (11th May), will see Jay Z under a touring contract with the company until he is 57 years old.

Variety also reported on the rich deal, which includes worldwide touring and will see Live Nation producing and promoting Jay Z concert events.

“Over 9 years, we have traveled the world producing historic music experiences,” Jay Z said in a statement. “This renewed partnership is a testament to our longstanding relationship and the talented individuals at Live Nation. For the next 10 years, we will continue redefining the live event landscape.”

Live Nation has produced a number of Jay Z’s successful live shows, including his recent collaborative tours with his wife, Beyoncé, and Justin Timberlake.

Jay Z also turned up as #2 on Forbeslist of 2017’s wealthiest rappers. Jay Z’s net worth skyrocketed 30% over the past year, following Sprint’s $200 million investment in his Tidal streaming service, bringing his overall fortunes to $810 million, just $10 million shy of Sean ‘Diddy’ Combs, who topped the list.