How Jay-Z Created His $1 Billion Fortune: Music, Art Collection, Real Estate and More

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In a new cover story, Forbes has valued the rapper and business mogul’s empire at $1bn, including real estate and other ventures.

Nexter.org reports more details on how Beyonce husband and world-famous rapper reached his worth. 

Source: Getty Images

 

Business, man!

Shawn “Jay-Z” Carter can officially add “billionaire” to his growing list of titles.

The rapper and businessman has made history as hip-hop’s first billionaire, according to a new Forbes cover story published on Monday. The magazine conservatively estimates his fortune totals more than $1 billion.

Together, he and his wife Beyoncé — who has an estimated net worth of $355 million — became a billion-dollar couple in 2017.

Source: Getty Images

Apart from his two-plus-decade music career that boasts a $75 million catalog, a host of high-grossing tours, his own record label and streaming service, the rapper has made major money moves in the art, fashion, liquor and tech sectors.

Here are some of the rapper’s ventures:

Cash & investments

$220 million

Source: Getty Images

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.

Armand de Brignac

$310 million

Source: Getty Images

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.

Tidal

$100 million

Source: Getty Images

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.

Clothing line Rocawear

$204 million

In 1999, he launched clothing line Rocawear, which sold for a reported $204 million in 2007 to apparel company Iconix.

Roc Nation entertainment company

$75 million

Source: Getty Images

 

This wide-ranging entertainment company started over a decade ago as part of a joint venture with 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).

Art collection

$70 million

Source: Getty Images

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.

 

Real estate

$50 million

Source:  CJT/ MEGA/ NEWSCOM

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.


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How Jay-Z Created His $1 Billion Fortune: Music, Art Collection, Real Estate and More
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How Jay-Z Created His $1 Billion Fortune: Music, Art Collection, Real Estate and More
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In a new cover story, Forbes has valued the rapper and business mogul’s empire at $1bn, including real estate and other ventures. Nexter.org reports more details on how Beyonce husband and world-famous rapper reached his worth. 
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