Jay-Z Buys Luxury Champagne Brand

Jay-Z may rap about champagne, but now the rapper can say that he owns part of a luxury company. As the third richest hip-hop artist in the world with an estimated net worth of $520 million according to Forbes, it's no surprise that the rapper has decided to invest in such a niche product.

Considering that Jay-Z imagined a ideal world filled with cold champagne in his hit "Young Forever," it was only a matter of time until he invested in the celebratory drink.

Check out the slideshow above to learn more about Jay-Z's big purchase.