NEWS: Jay Z Bought His Streaming Service For $56 Million Last Month And It's Now Worth $250 Million.

Jay Z bought the Swedish music streaming company Aspiro back in March, for which he paid out $56 million.

Now, just weeks after his bid was accepted, Aspiro (Tidal) is now valued at $250 million, the New York Post reports.

Jay Z relaunched Aspiro's main streaming site, Tidal, in New York City where he was joined on stage by the elite in music, including Madonna, Nicki Mininaj, Beyoncé, Kanye West, Usher, Daft Punk, and more.