Jay-Z Pockets $7.2 Million, Parlux Pays Up to End Perfume Saga

Jay-Z is at the least $7 million richer than he was sooner or later in the past, and the cash means he can lastly put a greater than 7-year-long authorized battle behind him.

TMZ Hip Hop has realized Paralux Fragrances despatched $7,259,061.31 to Jay’s staff on Wednesday — that is what the corporate owed him after dropping the lawsuit it filed, manner again in January 2016, claiming the mogul hadn’t lived up to promotional obligations for the cologne Gold Jay-Z.

As we reported, a jury dominated in favor of Jay greater than a 12 months in the past, however Parlux had filed an enchantment … which it misplaced final week. As a end result, the corporate was on the hook for the court-ordered quantity of $6.8 million plus curiosity.

Here’s a little bit perspective on how lengthy the Parlux battle dragged on — when the lawsuit was filed, Jay-Z was price about $610 million, in accordance to Forbes. Seven years later, he is greater than quadrupled that!!!

While the $7 mil could be like hitting the lotto for many of us, it is a drop within the bucket for somebody as profitable as Jay.

TMZ broke the story … he and Beyonce simply paid $200 million — CASH, no much less — for his or her new Malibu mansion. It’s the most costly actual property deal in California historical past, and the 2nd greatest in U.S. historical past, and on prime of that, in addition they have a $100 million Bel-Air house.