How rich is Jay Z?
Jay-Z is an extremely successful musician and producer who has become a US dollar billionaire not only because of his countless records sold. Above all, his music label Roc Nation, the fashion label Rocawear and the shares + investments in companies ensure that he and his wife Beyoncé Knowles are among the wealthiest married couples in the USA. Among other things, she is said to have received a diamond ring worth more than one million US dollars for her birthday. In 2019, he became the first rapper to break the $1 billion mark ! Jay-Z’s estimated net worth is $1.21 billion .
Jay Z Net Worth
In 2017, Jay-Z landed a new tour deal with Live Nation that guarantees him $200 million over the next 10 years. The last 10-year contract was already endowed with 150 million US dollars. As a result, the superstar is considered one of the richest rappers in the world with his fortune .
Jay-Z, whose real name is Shawn Corey Knowles-Carter, started his career in 1996 with his debut album Reasonable Doubt, which was released on Roc-a-Fella Records, a label he founded with partner Damon Dash. The rapper was not able to achieve the greatest commercial success with this record. However, with this album he laid the foundation for an exceptional career in the music industry. More records and single releases gradually followed, with which the superstar was able to climb to the top of the charts. Not only in the United States of America did he ensure sold-out halls and top chart positions, but also in many other countries around the world. He is the second richest rapper in the world after Kanye Westand could P Diddy and Dr. Relegate Dre to 3rd and 4th place.
This is how Jay-Z’s net worth is made up
Jay-Z’s individual net worth alone is extremely high. However, through his marriage to the successful singer Beyoncé Knowles, Jay-Z’s earnings probably amount to many more millions of dollars. After the departure of his music label Roc-a-Fella Records, an undisclosed amount of money was washed into the coffers of the rapper and hip-hop star and Jay-Z founded the new music label Roc Nation in 2008 . Every album that was released received platinum status. The stake is said to be worth around $75 million now, and the music rights stakes are worth an additional $75 million.
Rock Nation Sports
In 2013, the rapper founded Roc Nation Sports as a management agency for professional athletes. Clients include well-known superstars such as Jerome Boateng, Kevin Durant and NFL stars such as Ndamukong Suh, Todd Gurley, Dez Briant & JuJu Smith Schuster. Further proof that everything Jay-Z touches turns to gold.
Celebrities like to invest in alcohol, so does Jay-Z. In 2011 he invested with Bacardi in the cognac brand “D’Ussé”, which was launched in September 2012. The stake is now said to be worth over $100 million .
Armand de Brignac – Own champagne
Already in 2006, the champagne brand ” Armand de Brignac ” appeared in the single “Show Me What You Got”. A few months later, the brand was launched on the US market. In 2014, the rapper took over the champagne brand, which reportedly generates around $200 in net profits per bottle. He tries to place the outrageously expensive luxury bottles wherever possible. 50% of the shares were bought by the luxury group from LVMH (owner: Bernard Arnault ) in early 2021 for an unknown price. However, there is talk of a valuation of around 640 million US dollars.
Another important factor is Jay-Z’s own fashion label Rocawear , with which the singer is extremely successful worldwide and is still bringing new collections onto the market. In 2007, he sold the rights for $204 million, but still owns shares and handles marketing and product development.
In addition, he was able to acquire shares in the NBA club Brooklyn Nets quite cheaply compared to the current value, so that he received further increases with a sale of around 1% of the shares in 2013. He gave up the shares due to the formation of Roc Nation Sports as it would be a conflict of interest to act as team owner and agent.
In 2015, the US rapper bought the Scandinavian streaming service Tidal for around 56 million US dollars. The aim was to compete with Spotify with high-end sound quality and so he brought other superstars on board who hold shares in Tidal. Among others Beyoncé , Rihanna , Kanye West , Nicki Minaj , Daft Punk, Jack White, Madonna , Arcade Fire, Alicia Keys, Usher, Chris Martin, Calvin Harris , deadmau5, Jason Aldean and J. Cole. The two rappers Lil Wayneand TI were added later. In doing so, he got many greats from the music business, all of whom banged the drum for Tidal and released several albums exclusively on Tidal.
In early 2017, Tidal sold a total 33% stake in the company to US wireless carrier Sprint for $200 million. The total investment has more than tripled for everyone involved in just 2 years. In early 2021, Sprint was acquired by T-Mobile and the rapper bought back Tidal’s stake and in the same breath sold around 80% of Tidal to Square (Twitter founder Jack Dorsey’s payment provider) for $300 million . The company’s valuation at the time was much lower than it was in 2017. Z also got a seat on Square’s board of directors and shares in the company.
Real Estate & Art Collection
Of course, huge amounts of money do not only have to be invested in other companies, but can also be invested in real estate and works of art. The real estate portfolio is said to be valued at around 150 million US dollars and the collected art is even worth 75 million US dollars.
Jay-Z also founded a charity and in this way gives some financially disadvantaged people the chance to have secure access to the best education. It revolves around the association “The Shawn Carter Scholarship”, which Jay-Z still actively supports today. In addition, several million dollars from his earnings have been donated to other charities. This is how Jay-Z supports the Red Cross after the disaster caused by Hurricane Katrina. The organization Water for Life is also on Jay-Z’s list, to which he always gives donations.
Successful startup investor
Jay-Z is already a successful investor in a number of companies. Together with his business partner Jay Brown, he is now planning a venture capital fund that primarily wants to invest in young companies in an early seed phase.
Jay-Z has previously invested in these companies:
- Stance – A premium sock startup with a $6 million investment in 2011.
- Uber – Taxi startup with a billion valuation
- SpaceX – Elon Musk ‘s space company
- Oatly – food
- Sweetgreen – Restaurant chain
- JetSmarter – Uber for private jets
- Devialet – high-end speakers
- Viddy/Supernova – Instagram for video app (bankrupt)
- Blackjet – private jet startup (bankrupt)
The smart businessman is also active in the cannabis business, so he rolled up a 10 million US dollar fund for cannabis and has already bought several companies with it. Among others: “Caliva” and “Left Coast”.
- Apartment in Trump World Tower in New York
- Homes in Westchester County and Florida
- Private jet
- Maybach Exelero
- Bugatti Veyron Grand Sport
- Pagani Zonda
- Rolls-Royce Phantom
- Ferrari F430 Spider
- Porsche 911 Carrera Cabriolet
Jay-Z Favorite Brands
- radii (shoes)
- Jordan (shoes)
- Blackberry (smartphone)
- Alexander McQueen (fashion)
- Porsche P’9981 (smartphone)
- Hublot (watch, jewellery)
Jay-Z also has a fairly inexpensive hobby, reading. However, the rapper also collects millions of dollars worth of art, which affects Jay-Z’s net worth .
s_bukley, DFree Debby Wong / Bigstock.com
Jay Z & Beyoncé – idrewuk / wikimedia