Jay-Z's 250,000 champagne spend

Updated: 2011-08-16 15:07


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Jay-Z's 250,000 champagne spend

Jay-Z has splashed out $250,000 on champagne.

The hip-hop star was out celebrating the recent release of his and Kanye West's joint album 'Watch The Throne' in Miami on Sunday (14.08.11) when he purchased "bottle after bottle" of the alcohol because he didn't want to be "upstaged" by Dallas Mavericks basketball team owner Mark Cuban.

A source close to the '99 Problems' rapper told RadarOnline.com: "Jay knew that Mark Cuban spent over $100,000 after the Mavs won the championship a few months ago, and he wasn't about to be upstaged.

"He bought bottle after bottle of Ace of Spades and then went all out with the 15-litre bottle that cost $100,000 on its own!"

Insiders close to the Liv nightclub in the Fontainebleau Hotel explained Jay - who is married to singer Beyonce Knowles - left a $50,000 tip for the waiters and waitresses at the end of the evening.

Earlier this year, the 41-year-old star was named the second wealthiest artist in hip-hop, with an estimate fortune of $450 million, which is thought to come from his 50 million album sales, tour revenue, 40/40 nightclub chain and his stake in basketball team New Jersey Nets.

P. Diddy topped the list with a wealth of $475 million.