Jay Z Net Worth: $520 million
Internationally acclaimed rapper, producer, and businessman Shawn “Jay Z” Carter is one of the most recognizable faces in hip hop today. He was born in New York to a poor family. He and his siblings were raised only by their mother. When he was young, he used to bang the table in order to wake up his siblings. His mother then gave him a boom box and this triggered Jay Z’s musical interest. His skill in rhythm and talent for making lyrics in his head have solidified his stand as one of the music industry’s best rappers. During his successful career as a hip hop mogul, he also collaborated with Beyonce Knowles in music until they married in 2008. They have a daughter named Blue Ivy. Jay Z now has an estimated net worth of $520 million.
How did Jay Z make his money?
Jay Z started out his career as a rapper, releasing his first album in 1996, and has now sold over 55 million albums worldwide. Throughout his career as an artist he has collaborated with people from other genres such as Rihanna, Bono, Lenny Kravitz, and Mariah Carey. He also co-founded Roc-A-Fella Records and founded Roc Nation. In addition, he has appeared in various movies and has starred in his own documentary named “Fade to Black.”
Jay Z has endorsed several big-time companies such as Hewlett-Packard, Budweiser, Chevy, and Armadale Vodka. He has made highly lucrative investments such as co-founding and selling the rights to his clothing company Rocawear to Iconix Brand Group for $204 million, where he still owns his stake. He also owns the 40/40 Club, a chain of sports clubs around the US that has plans of opening in Tokyo and Singapore. Jay Z serves as co-brand director for Budweiser Select and provides input on strategic marketing programs and ad development. He has invested in real estate and many sports-related businesses and is part-owner of the NBA team Brooklyn Nets.