Jay-Z is well diversified, owning multiple non-correlated businesses. What I mean by non-correlated assets is one business can go up in smoke but this won’t impact his other businesses. For example, Jay-Z’s reported $300-million stake in Armand de Brignac is unlikely to collapse if Jay-Z’s $70-million art collection or $50-million in real estate go down in flames. Jay-Z’s wealth has diversification depth. The opposite of diversification would be if Jay-Z’s wealth was hyper-concentrated in Tidal, his streaming company. If Tidal went bust and all his money was in it, he would go bust with it.
