Few hours after the death of DMX, several social media outlet carried rumors of a purported transaction of Jay Z and Beyoncé buying DMX’s Masters for $10 million dollars, to give the children of DMX the proceeds. The publication also falsely numbered the rapper’s children to be seventeen instead of the accurate fifteen. DMX has fifteen children and not seventeen.
The rumors of the supposed transaction spread like wildfire, prompting the family of the late Rapper to make a statement, shutting down the rumors. “Jay Z is doing another legendary act for the culture of hip hop,” the tweet states. “Jay Z and Beyonce are buying back DMX’s masters for $10,000,000.00 and will give to his 17 kids for free.”
According to DMX’s family, this masters rumor has no merit and his masters “aren’t in play” with the music and business moguls. Although, Def Jam has some masters under control, DMX’s masters are not owned directly by Jay-Z, TMZ reported.
The family also wants “fans to be wary” about scammers soliciting money for funeral expenses and others selling DMX merchandise. At this time, DMX’s family is not raising capital or selling merchandise.
DMX died on the 9th of April after about a week of battling for his life, after suffering a drug overdose induced heart attack.