It Begins: Jay-Z DENIED $115 Million Loan and $55 Million Line Of Credit

Jay-Z is being blackballed because of rape allegations made in a bogus lawsuit that has since been withdrawn. However, the woman who claimed he raped her is on TikTok doubling down on her bogus claims.

In December, attorney Tony Buzbee, representing a Jane Doe, added Jay-Z to a lawsuit already filed against rap mogul Sean Combs for allegedly raping her at an MTV VMAs afterparty when she was 13 years old. The lawsuit was voluntarily withdrawn in February.

But Jay-Z sued attorney Buzbee for extortion and defamation.

In his amended lawsuit, Jay-Z claims Roc Nation was denied a $115 million loan and he was personally denied a $55 million line of credit.Kevin Mazur/Getty Images

You’re probably asking yourself aren’t Jay-Z and his wife, Beyoncé, supposedly billionaires?

They probably are billionaires – on paper. But they can’t actually put their hands on a billion dollars in cash if their lives depended on it.Team GT/GC Images

Beyoncé and Jay-Z are what’s known as “cash poor” billionaires. That means they have accumulated wealth in assets, such as mansions and other properties, cars, jewelry, etc. But they lack liquid cash to pay everyday expenses.

So they borrow from banks, or by leveraging their clout to influence wealthy people to give them money.

Unfortunately, due to the allegations, Jay-Z no longer has the type of clout that opens doors.Gilbert Flores/Variety via Getty Images

His amended lawsuit claims that Roc Nation lost out on an unspecified $20 million “minimum fee guarantee” of an undisclosed contract, and that the full fee for the deal “would have been many millions of dollars higher had the contract been performed.”

“As a result of defendants’ filing of the false lawsuit and other false public statements against Mr. Carter, Mr. Carter was denied a $55 million personal credit line,” the amended complaint claims. It also says Roc Nation was denied a $115 million loan. The legal team argues this directly affects Jay as well because he and Roc are “inextricably tied.”

It seems that, even though the lawsuit against him is withdrawn, the financial institutions that once toasted Jay-Z with champagne and gave him cash in wheelbarrows, no longer believe he is innocent of the allegations against him.

Reference: Sandra Rose.com