Before hopping to Rihanna’s latest fundraising haul of $115 million, AOC doesn’t recall ever writing that Jay-Z’s Marcy Venture Partners LLC was key in launching Savage X Fenty’s initial $50 million investment in 2019.

With Las Vegas now open and Culver City, Calif. opening on Feb. 12, Riri is rolling. Other 2021 locations include Houston, Philadelphia and Washington, D.C. More details at WWD.

Jay-Z’s Marcy Venture Partners Was Original Savage X Fenty Investor

Reading that Jay-Z was on the investor’s list led by Neuberger Berman this week, I checked back on prior participation and note our error in not crediting Marcy Venture Partners previously as a key player on Savage X Fenty’s birthing team.

To be honest, this factoid is just another data bit on the deep roots and exciting synergy that LVMH and the Arnault family personally have into Black culture in America and beyond.

For those who don’t know, Jay-Z sold 50% of his champagne brand Armand de Brignac, aka Ace of Spades to LVMH in 2021.

While Kanye West runs his mouth around town about having final say on everything Ye, Jay-Z not only got a board seat in his LVMH financial transaction but the deal is an unusual 50-50 transaction.

In simple terms, Jay-Z and Bernard Arnault’s LVMH team must find consensus in a common brand marketing and financial strategy for Armand de Brignac. Both parties will create a new business investment paradigm in select cases — a team of equals — if they can pull off this unusual agreement without a massive boardroom fight.

To understand now that Jay-Z also had a hand in Savage X Fenty’s original funding is equally impressive.