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Jay Z Rakes in Over $1 Million From Barneys Collaboration After Just 6 Weeks, Says 100% of Proceeds Will go to Charity

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Jay-Z
(Photo : REUTERS/Patrick McMullan) Jay-Z Sells more than $1 million with Barneys Collection.

Though there was a bit of controversy circulating around rapper Jay Z and his decision to collaborate on a clothing and accessory line for luxury clothing retailer, Barneys, the business mogul's idea seemed to pay off in a big way.

According to New York Daily News, the Shawn Carter Foundation has already made more than $1 million from the collaboration, which started more than six weeks ago.

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A source close to Barneys revealed that figures are still being tallied, however the line had already generated more than $1 million.

This comes after the "Magna Carter/Holy Grail" rapper received a lot of criticism for creating a collection with the luxury retailer after the Manhattan flagship was accused of racially profiling two African American shoppers, which resulted in fans threatening to boycott the store and the rapper.

However, instead of pulling out of the project altogether, the 44-year-old rapper pledged that 100% of the profits made from the collaboration and 10% of all Barney's sales on the day of the collection's debut will go to his foundation, PopCrush reported. Furthering his good deeds, Jay Z also helped assemble a council "specifically convened to deal with racial profiling" at Barneys.

The Shawn Carter Foundation is a charity organization created by the rap star that helps needy students pay for college, and being the father of one-year-old baby Blue Ivy, he definitely understands the importance of a college education versus costs.

While Jay Z is no stranger to developing a successful clothing line (he oversaw the production of his former clothing line, Rocawear, with ex-partner Damon Dash), we're sure he's thrilled to find out that his latest collaboration is doing so well.

Though the collection may have caused a bit of an uproar upon its release, it's good to know that the rapper has dedicated 100% of the proceeds to a good cause.

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Jan 06, 2014 10:11 AM EST

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