Jay-Z is also spending his cash on his sweetheart. The 35-year-old has just splashed out a couple million on a flawless diamond and ruby ring for lucky fiancee Beyonce, who recently celebrated her 24th birthday. She is due to wed the rapper next month.

Jay-Z was also blowing his dough at a London bash ay the St Martin’s Lane Hotel to celebrate the launch of the autumn/winter range of his Rocawear fashion label. He requested that his specially invited guests be treated to the finest La Flor De Cano Selectos cigars, which are being flown in especially from Cuba. He also shelled out for endless magnums of Dom Perignon and Cristal champagne.

Compiled by Onyei Ijei

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