Hip hop mogul Jay-Z's dreams of adding hotelier to his lengthy resume have been killed off by the credit crunch.
Mr Beyonce had planned to build a luxury hotel on a piece of land purchased by his company J Hotels in New York City's Chelsea area.
But because of the economic crisis, construction has been iced as developer Charles Blaichmanof struggles to raise finance from banks.
Jay-Z won't be crying into his Dom Perignon for long - he has his New York club 40/40 and a club in Las Vegas' Venetian hotel to keep him happy.
Oh, and he just sold his Rocawear line to Iconix Brand Group for US$204m.
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Do you actually believe that is true? You did a superb job stating your point, but I suspect you must put some more thought in this argument and maybe post a reply to the opposite side of this story.
Für Musiker ist das selbstverständlich ein wichtes Thema! Meine Freundin und ich haben da erst heute morgen länger drüber gesprochen. Ich meine, das vor Kurzem auch auf einer anderen Webseite schon was entdeckt zu haben.