Jay-Z profits from Occupy Wall Street

2011-11-12 07:28

Los Angeles – Does this count as an example of the rampant capitalism that the Occupy movement has been railing against?

The Jay-Z co-founded Rocawear clothing company began selling a T-shirt inspired by the populist movement, with the “Occupy Wall Street” slogan modified to read “Occupy All Streets”.

The handsomely designed shirts – which the 99 Problems rapper was recently spotted modelling while in the company of entrepreneur/activist/Occupy supporter Russell Simmons – run a cool $22 (R175) each.

Or perhaps not so cool, if you were expecting Rocawear to share the profits with the movement that inspired the tees.

Though Jay-Z sold the rights to Rocawear in 2007, he retains a stake in the company and continues to be involved with it.

A company spokesperson tells Business Insider that there are no plans to donate any of the shirts’ proceeds to Occupy Wall Street.

According to the spokesperson, the shirts will “support” the movement by raising awareness of it.

“The ‘Occupy All Streets’ T-shirt was created in support of the ‘Occupy Wall Street’ movement,” the spokesperson said.

“Rocawear strongly encourages all forms of constructive expression, whether it be artistic, political or social.

‘Occupy All Streets’ is our way of reminding people that there is change to be made everywhere, not just on Wall Street. At this time we have not made an official commitment to monetarily support the movement.”

Apparently, money really ain’t a thang for Jay-Z – at least when it comes to flowing it to the people who’ve inspired your product.

Could an Occupy Rocawear movement be far behind?

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.