Jay Z is an American rapper, business mogul and investor with a net worth estimated at $610 million, per Forbes. However, other sources say the figure is as high as $700 million.
Jay Z Net Worth: Brief History
Jay Z was born Shawn Corey Carter on December 4th, 1969 in Brooklyn, New York. A high school drop-out, Jay Z’s interest in music led his mom to buy him a boom box for his birthday gift. Jay Z’s music often talks about selling crack in his teen life and getting shot at. His interest in music grew when he began freestyling and rhyming. He followed up popular musicians during his time including Jaz O, the inspiration behind his moniker.
Jay Z Net Worth: Music Career Breakthrough
Jay Z began by selling his CD’s out of his car before founding his own independent label Roc-A-Fella Records in 1995, together with Damon Dash. His debut album Reasonable Doubt was released in 1996. Its success was followed up with “In My Lifetime, Vol. 1” (1997) which achieved more success than the first. Since then, Jay Z’s music career has been on the rise. He went on to release four number one Billboard Hot 100 including Blueprint (2001).
Today, Jay Z is recognized as one of the greatest MC’s of all time as well as one of the world’s best selling artists of all time. He has sold over 100 million records worldwide. For his musical works, Jay Z has received over 20 Grammys and other coveted awards and nominations. Jay Z have not released a studio album since his Magna Carta Holy Grail in 2013. However, he continues to feature with other musicians as well as play in shows and tours.
Jay Z Net Worth: Business Portfolio
Not only does the rapper boast a successful music career, he also has successful business ventures outside the music scene that collectively adds up to the colossal amount of wealth he has accumulated over the years. As an entrepreneur, Jay Z is the co-creator of Rocawear, a clothing line he pulled from scratch. In 2007, he sold the rights to the brand to Iconix Brand Group for $204 million, while retaining his stake in the company.
Jay Z is the co-owner of 40/40 Club sports bar in New York. A founder of Roc Nations Sports, Jay Z is a certified MLB and NBA sports agent.
Jay Z keeps expanding his business portfolio and it would come as no surprise to see him join the billionaire’s club soon. Some of his recent investments include Armand de Brignac champagne and Tidal Streaming services to name a few.
He has been featured many times on Forbes list and has been a regular on their Hip Hop Cash Kings List.
Jay Z has appeared in a handful of movies including State Property (2002), and Paper Soldiers (2002). His musical journey is well-summarized in his Fade to Black documentary that also features host of other artists that played a part in molding him.
He’s married to songstress Beyoncé. Their daughter, Blue Ivy Carter was born on 7th January, 2012.
See Also: Nas Net Worth