Jay-Z’s Shawn Carter Foundation Yielded Over $1 Million In Profits From the Barney Collection

January 6, 2014 1

jay-z-a-new-york-holiday-650-430 Jay-Z's Shawn Carter Foundation Yielded Over $1 Million In Profits From the Barney Collection

After all the controversy around the Jay-Z deal with Barney’s, the Shawn Carter Foundation manage to yield over $1 million in profits. Due remember, 100% of the profits plus 10% of Barneys sales will pay for underprivileged kids to go to college.

A source close to Barneys said figures were being tallied on Friday, the last day of sales, but profits had exceeded the million-dollar mark. The collection was unveiled amid a surge of criticism from Jay Z fans who wanted him to pull out of the Barneys deal after two black shoppers said they were racially profiled at the high-end store.

via NY Daily News

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