Billionaire Jay-Z may be buying Uncle Nearest whiskey after his $20 million secret loan surfaces in court

Billionaires Africa | 03.06.2026 08:46
The court-appointed receiver overseeing the collapse of Uncle Nearest whiskey has filed a letter of intent to sell the brand to an undisclosed Black-owned investment firm, and a $20 million loan tied to Jay-Z's venture capital company is now fueling serious speculation that the rap mogul may be the mystery buyer.