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Jay Z’s laughing all the way to the bank, because he’s not a businessman, he’s a business, man.

The music mogul is reportedly buying Scandinavian company Aspiro, which runs streaming services like WiMP and Tidal for a whopping 464 million Swedish crown ($56 million USD).

In an interview with Reuters, Jay Z said he saw Aspiro as “an innovative high-quality company with strong future growth potential.”

His latest business venture will only add to the Brooklyn rapper’s multimillion dollar fortune, which includes various businesses like The 40/40 Club, Rocawear clothing company, Roc Nation record label, and his sports agency Roc Nation Sports.

Jay Z’s reported net worth caps in at around $520 million, along with his equally wealthy wife Beyonce, whose net worth is around $440 million.

It’s safe to say the Carters are officially “stanky” rich.

SOURCE: Fortune | PHOTO CREDIT: Splash

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