Celebrity

Big boys club: Jay Z and Saudi Royal Family invest $20million in private jet charter app

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Beyond music and movies, Tidal and Roc Nation boss, Shawn ‘Jay Z’ Corey Carter keeps spreading his tentacles with the most recent being a Jetsmarter app ‘Uber for private jets’ built by 27-year-old Sergey Petrossev which lets you book an plane anywhere, in seconds.

ATLANTA, GA - FEBRUARY 23: Jay-Z attends the So So Def anniversary party hosted by Jay Z at Compound on February 23, 2013 in Atlanta, Georgia. (Photo by Prince Williams/Getty Images)

ATLANTA, GA – FEBRUARY 23: Jay-Z attends the So So Def anniversary party hosted by Jay Z at Compound on February 23, 2013 in Atlanta, Georgia. (Photo by Prince Williams/Getty Images)

Business Insider confirms that among those who invested in it are Jay Z and the Saudi Royal family.

The app lets members pay $9,000 to “get access to rates on charters, free JetDeals and a free seat on JetShuttle flights”, but they  must be aged between 25 – 50 and must earn nothing less than $1 million per year.

One of the successes of the app was  letting a member charter a jet to transfer a tonne of gold from South America to Europe.

‘You can show up five minutes before the flight, park your car right next to the jet, and then just get on your flight,’ the creator Petrossov said. “A free helicopter ride will even be offered from the airport to take you to your hotel.”

Jay Z’s venture into this new business came as a surprise to his critics, but you can’t hold a great business man down.

Undoubtedly, Tidal is still struggling to make headway, what with the avalanche of critics who keep putting it down. Their negative reporting which inexplicably hurt the streaming company prompted Jay Z to go on Twitter in late April to tweet his ‘stream of consciousness’ and called out companies like Apples and Spotify who are strangling Tidal.

You can read all about that here.

Credits: Daily Mail

Ada Okoye

Mother. Writer. Lover. King.

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