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Jay Z loses bet with Oscar de la Hoya following Canelo’s victory over Cotto, donates $100,000 to charity

Within every person is the power to do what most would deem impossible. However, the people who reach those levels of success often draw major backlash. Years ago, Jay Z made himself a household name in the rap game and then he made everything into money.

Jay Z branched out into sports management back in 2013. This was when Roc Nation Sports launched. Among the athletes he signed to the roster was well-known fighter, Miguel Cotto, who had a bout with Canelo Alvarez this weekend.

Obviously, Jay Z bet on Miguel Cotto, as he is a part of Roc Nation. On the other hand, Oscar de la Hoya, bet on Canelo and he and Jay Z made a wager. In the end, Jay Z lost and he ended up donating $100,000 to charity as a result of his side losing.

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