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Jay-Z named world’s first billionaire rapper by Forbes magazine
Jay-Z is officially hip hop’s first billionaire, Forbes has declared, after building an empire based on music, property, fashion and investments.
Before we get into Jay-Z business and personal life checkout footage below when I attended Jay-Z and Beyonce OTR II Tour in Atlanta, GA!
In Apeshit a song off The Carters album Jay spits a verse saying “I said no to the Super Bowl, You need me I don’t need you Every-night we in the end zone tell the NFL we sell in stadiums too.“
Actually being apart of history witnessing him and Queen B perform was just shy of amazing.
Im not a businessman, Im a business man!
Shawn Carter, better known as Jay-Z is the wealthiest musician in the world, with an estimated net worth of $1 billion. He’s one of the greatest rappers of all time but the majority of his wealth came from smart business moves, not from music sales.
He was smart enough to leverage his fame and brand to build businesses around it. Never get stuck in one lane, always look for the opportunities surrounding it.
Armand De Brignac – $300 Million
Jay-Z has used his music to shill the $300 gold bottles of the “Ace of Spades” champagne since launching the brand with the 2006 video “Show Me What You Got.” More recently, his verse on Meek Mill’s “What’s Free” put a half-billion-dollar value on the wine, which seems like a bit too bubbly a number.
Cash & Investments – $220 million
A vast investing portfolio includes a stake in Uber worth an estimated $70 million. He reportedly purchased his piece for $2 million back in 2013—and then wired founder Travis Kalanick another $5 million in an attempt to increase his holdings, but was rebuffed. He’s also investor in Jet Smarter, a start up that allows people to rent private like they would Uber or Lyft.
D’Ussé – $100 Million
Jay-Z’s cognac, a joint venture with beverage giant Bacardi, moves almost 200,000 cases and has grown nearly 80% annually. “Jay-Z resonates with consumers who are attracted to the ultra-premium lifestyle,” says Eric Schmidt, Beverage Marketing Corp.’s Director of Alcohol Research.
Tidal – $100 Million
In 2015, Jay-Z submitted a bid to purchase the Scandinavian streaming service’s parent company for just shy of $60 million. He relaunched Tidal later that year with a roster of celebrity investors including his wife, Beyoncé, and other music luminaries, from Kanye West to Calvin Harris.
Roc Nation – $75 Million
This wide-ranging entertainment company started over a decade ago as part of a joint venture with concert giant Live Nation. Roc Nation represents some of the top stars in the entertainment through its sports agency (Kevin Durant, Todd Gurley) as well as its record label and artist-management arms (Rihanna, J. Cole)
Music Catalog – $75 Million
Before the beginning of his stint as Def Jam’s chief in 2004, Jay-Z negotiatedthe eventual return of his master recordings from the aforementioned label that helped launch his career; in a separate deal with EMI, he clawed back his publishing rights. Wise move: his hits now clock close to 1 billion streams annually.
Art Collection – $70 Million
In the song “Picasso Baby,” Jay-Z boasted about a “Basquiat in my kitchen corner.” He probably wasn’t kidding. For over a decade, he’s been scooping up masterpieces like Basquiat’s “Mecca,” purchased in 2013 for a reported $4.5 million. “He’s rapped about it all in detail,” says Fab 5 Freddy, a contemporary and friend of the late painter. “Jay-Z helped educate millions of hip-hop fans mentioning Jean-Michel.”
Real Estate – $50 million
After welcoming twins in 2017, Jay-Z and Beyoncé bought a pair of homes to match: a $26 million East Hampton mansion and a $88 million Bel Air estate. Jay-Z also owns a Tribeca penthouse, snagged for $6.85 million in 2004.
He’s more than a rapper he is a icon.
Jay has been using his fame and fortune in a powerful way better than making billions, he’s been saving millions by speaking for the voiceless.
Not only that but giving game how to become a owner and not just a player in the game, through his story telling musical talents.
“Jay wouldn’t want me to share this, but when I was lockerd up, that man paid my legal fees. I mean, it was millions of dollars. I probably couldn’t have afforded it.”- Meek Mill
“Jay Z don’t want me to share this, but when I was really, really, really low, that man paid my taxes.”-Lil Wayne
21 Savage was just arrested and facing deportation guess who sent a team of top attorneys to free him. Yep Shawn Corey Carter aka Jay Z.
A bunch of dudes do a bunch of talking shout out to Jay for blossoming into a community activist and culture creator for real.
Jay Z will go down as one of best rappers of all times. Not just because of his flow but genius plans no one thought he would’ve ever achieved. Like becoming a black billionaire.
This motivation for all to see it doesn’t matter where you come from as long as you know where your going from projects to penthouses.