Jay Z – Net Worth and Income
How rich is Jay Z?
Jay Z is an extremely successful musician and producer who became 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 part of the wealthiest spouses the USA counts. For her birthday, among other things, she is said to have received a diamond ring worth more than one million US dollars. In 2019 he became the first rapper to own the brand of $ 1 billion in assets cracked, which corresponds to around 1.18 billion euros. Only rap colleague Kanye West now has more money in his account.
In 2017 Jay Z was able to sign a new tour contract with Live Nation, which gave him $ 200 million guaranteed for the next 10 years. The last 10-year contract was already endowed with 150 million US dollars. As a result, the superstar is one of the richest rappers in the world with a fortune of 1.18 billion euros.
Jay Z, whose real name is Shawn Corey Knowles-Carter, started his career in 1996 with his first album Reasonable Doubt, which has already been released on the Roc-a-Fella Records label, which he and his partner Damon Dash founded. With this record, the rapper was not yet able to achieve the greatest commercial success. However, with this album he laid the foundation for an exceptional career in the music industry. Gradually, more records and single releases followed, with which the superstar was able to climb the top of the charts. Not only in the United States of America it ensured sold-out halls and top chart spots, but also in many other countries around the world. He is the second richest rapper in the world after Kanye West and could P Diddy and Dr. Referring Dre to places 3 and 4.
This is how Jay Z’s net worth is composed
Jay Z’s net worth is extremely high. Due to the marriage to the successful singer Beyoncé Knowles, the earnings of Jay Z amount to many more millions of dollars. After his music label Roc-a-Fella Records left, a sum of unknown amount was flushed into the coffers of the rapper and hip-hop star Jay Z founded the new music label Roc Nation in 2008. Every album that was released received platinum status. The share is now said to be around 75 million US dollars and the shares in the music rights are an additional 75 million US dollars.
Roc Nation Sports
In 2013 the rapper founded Roc Nation Sports as a management agency for professional athletes. Clients include well-known superstars like Jerome Boateng, Kevin Durant and NFL stars like Ndamukong Suh, Todd Gurley, Dez Briant & JuJu Smith Schuster. Another proof that anything Jay Z touches turns to gold.
Celebrities like to invest in alcohol, including Jay-Z. As early as 2011 he invested with Bacardi in the cognac brand “D’Ussé”, which came onto the market in September 2012. the Participation is now said to be more than 100 million US dollars.
Armand de Brignac – Own champagne
As early as 2006, the champagne brand “Show Me What You Got” appeared in the single “Show Me What You Got”.Armand de Brignac” on. A few months later, the brand was launched on the US market. In 2014, the rapper took over the champagne brand, which reportedly has a net profit of around $ 200 per bottle. He tries to place the sinfully expensive luxury bottles wherever possible. 50% of the shares were bought by the luxury company LVMH (owner: Bernard Arnault) for an unknown price in early 2021. However, there is talk of a valuation of around 640 million US dollars.
Another important factor is your own Rocawear fashion label by Jay Z, with whom the singer is extremely successful around the world and still brings new collections to market. In 2007 he was able to sell the rights for $ 204 million, but he still owns shares and takes care of marketing and product development.
In addition, he was able to get the shares from the NBA club Brooklyn Nets at a relatively low price compared to the current value, so that he got further increases in 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 a 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 more superstars on board who hold shares in Tidal. 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 Wayne and TI joined them later. In doing so, he took many greats out of the music business, all of whom were vigorously promoting Tidal and released several albums exclusively on Tidal.
In early 2017, Tidal sold a total of 33% of the company to the US wireless operator Sprint for $ 200 million. The total investment has more than tripled for everyone involved in just two years. In early 2021, Sprint was taken over by T-Mobile and the rapper bought back the shares in Tidal and sold around around in the same breath 80% of Tidal for $ 300 million to Square (Payment provider from Twitter founder Jack Dorsey). The company’s valuation at that time was much lower than it was in 2017. In return, Z got a seat on the Board of Directors of Square and shares in the company.
Real estate & art collection
Of course, huge amounts of money not only have to be put into other companies, but can also be invested in real estate and art objects as an investment. The real estate portfolio is said to be valued at around 150 million US dollars and the art collected is even valued at 75 million US dollars.
The rapper Jay Z also founded one Charity company and in this way gives some financially disadvantaged people the chance of secure access to optimal education. It revolves around the association “The Shawn Carter Scholarship”, which Jay Z still actively supports today. In addition, millions of dollars of his income have been donated to other charities. This is how Jay Z supported the Red Cross after the catastrophe caused by Hurricane Katrina. The organization “Water for Life” is also on Jay Z’s list, for which he always pays 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 will primarily invest in young companies in the early seed phase.
Jay-Z has already invested in these companies in the past:
- Stance – A premium sock startup with a $ 6 million investment in 2011.
- Uber – taxi startup valued in billions
- SpaceX – Elon Musk’s space company
- Oatly – groceries
- Sweetgreen – chain of restaurants
- JetSmarter – Uber for private jets
- Devialet – high-end loudspeakers
- Viddy / Supernova – Instagram for Video App (insolvent)
- Blackjet – private jet startup (insolvent)
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. 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
Favorite Jay Z Brands
- Radii (shoes)
- Jordan (shoes)
- Blackberry (smartphone)
- Alexander McQueen (fashion)
- Porsche P’9981 (smartphone)
- Hublot (watch, jewelry)
Jay Z also has a fairly inexpensive hobby of reading. However, the rapper also collects art worth several million dollars, which relates to that Jay Z’s net worth affects.
s_bukley, DFree Debby Wong / Bigstock.com
Jay Z & Beyoncé – idrewuk / wikimedia [CC-BY-2.0]
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