Rap megastar Jay-Z recently cracked the billion dollar milestone. He had done this before in 2014 with the sale of Beats Music – the headphone and music streaming company – to the multinational tech giant, Apple Inc., but after taxes his net worth peaked a little below $1 billion. Now though, with his successful music career, his influence in the fashion world, and his sports management company, he’s officially made it to the billionaire status.
Zack O’Malley Greenburg of Forbes wrote, “Less than a decade later, it’s clear that Jay-Z has accumulated a fortune that conservatively totals $1 billion, making him one of only a handful of entertainers to become a billionaire – and the first hip-hop artist to do so”.
“I’m not a businessman, I’m a business, man”
Shawn Carter, also known as Jay-Z, is a shareholder and owner of a variety of different companies, recently noted by Forbes. He owns the subscription based music, podcast, and video streaming service, Tidal. He also owns the full service entertainment company, Roc Nation, which acts as a record label, talent agency, production company, and much more. The hip-hop legend also has a $70 million stake in Uber, he holds a $70 million collection of art, and a $50 million real estate assemblage.
In addition to all this, the rapper is married to the superstar singer, song writer, and actress Beyoncé Knowles, who has net worth of approximately $350 million.
The Brooklyn raised philanthropist, Jay-Z, had his big break with his debut album “Reasonable Doubt” in 1996. To date, he’s gone on to do 13 studio albums, 5 compilation albums, and 5 collaborative albums. The 2001 album, “The Blueprint”, went into the Library of Congress’ National Recording Registry previously in the year. Along with rap star, Meek Mill, he launched a prison reform operation this year as well. He also played a role in Hillary Clinton’s campaign in 2016. With his fingers in so many different pies, Jay-Z has certainly secured his place as not only a rap legend, but a business tycoon as well.