Jay-Z Spends $250,000 on Champagne

Hey big spender!Jay-Z is really living up to his title as hip-hop's cash king. Fresh from stripping a $373,000 Maybach to its bare essentials, the hip hop mogul spent a reported $250,000 on champagne at a "Watch the Throne" release party at Miami's Fontainebleau nightclub, according to PEOPLE.

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Mr. Sean Carter must have had some kind of service because he reportedly added an additional $50,000 for the tip, and spent "thousands more" on a pasta dinner and shots of tequila at a restaurant inside the hotel.

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A source says Jay and his entourage were "well-behaved and laid low all night on a banquette."