Jay-Z Adds $7 Million To His Fortune In Parlux Legal Battle

Written By Kelci Brown

All I Do Is Win

Jay-Z has emerged victorious in a legal battle against Parlux Fragrances, significantly boosting his already impressive wealth. In a subsequent ruling by New York Supreme Court Justice Andrew Borrok, Parlux Fragrances was ordered to pay the mogul $6.78 million in unpaid royalties and interest. 

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Jay Becomes $7M Richer

In 2016, the lawsuit filed by Parlux Fragrances alleged that Jay-Z failed to fulfill his promotional obligations for his fragrance, Gold, as stipulated in a 2012 agreement. After a three-week trial, the jury favored Jay-Z’s defense, awarding Parlux Fragrances no damages.  

Recently, the fragrance company complied with the court’s decision and sent a payment of $7,259,061.31 to Jay-Z’s team, solidifying his financial victory.

Despite this setback, Parlux Fragrances still has the option to challenge the outcome by appealing to the Court of Appeals, New York’s highest appellate court. Surprisingly, the fragrance company’s attorney has yet to respond to requests for comment, leaving their intentions uncertain.

Interestingly, this legal battle is not Jay-Z’s only recent involvement in litigation concerning business ventures. In October, he filed a lawsuit against Empire Investments Inc., a subsidiary of Bacardi, in pursuit of information regarding D’Ussé’s sales and records. 

The rapper-turned-mogul had expressed interest in selling a portion of his stake to the liquor company but faced obstacles when Bacardi deliberately limited the production and distribution of D’Ussé to diminish the price it would pay for his shares.

In 2019, Forbes recognized him as the first hip-hop billionaire, primarily due to his shrewd business deals. In fact, Jay-Z’s net worth currently stands at an impressive $2.5 billion.

Updated by Kelci Brown on June 8th, 2023

JAY-Z Fails — And Still Wins $67 Million Cologne Lawsuit

JAY-Z left a Manhattan courthouse on Wednesday, November 10th smiling and still rich. A judge ruled that he “failed” to prove his case — and so did Parlux Fragrances — ending the breach of contract lawsuit with Parlux Fragrances for the Gold by Jay Z fragrance line.

Jay Z Wins Fragrance Lawsuit

Wednesday’s ruling allows JAY-Z to avoid paying $67 million in damages to Parlux.  The lawsuit claimed JAY-Z breached an endorsement deal for a “Gold Jay-Z” cologne brand by failing to properly promote it.  However, the judge didn’t award any cash in the Brooklyn legend’s direction as he initially countersued for $6 million in royalties.

The three-week jury trial kicked off in October and featured a heated back-and-forth between Jay and Parlux.

“You have me on trial for something I didn’t do,” JAY-Z stated under oath. “I did a lot for the Gold Jay-Z launch. I had a year to complete these [obligations], correct? I don’t know if you answered my question. I had a year to complete these right?”

‘You failed to prove your case, they failed to prove their case,’ Manhattan Supreme Court Justice Andrew Borrok said after reading the verdict. “You’re excused.”

JAY-Z Schools The Youth

Recently we reported on JAY-Z giving a young girl his keys to success.

JAY-Z was caught on the streets by a little girl who wanted to know his keys to success. The Brooklyn rap mogul hesitated and gave her three keys that will change her life.  And he’s giving unemployed New Yorkers the keys to over 3,000 jobs.

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Written by Kelci Brown

Kelci Brown is a Mass Communications major who possesses a profound passion for the art of storytelling, specifically through film directing, acting, and journalism. Hailing from Missouri City near Houston, she is motivated by her innate drive to craft impactful narratives that forge deep connections with audiences. With unwavering dedication, Kelci is committed to refining her skills and making a meaningful and positive contribution to the realm of media and communication.

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