Is Jay Z The Richest Rapper in The World, Is He a Billionaire?

A while back, Hip-hop was considered nothing more than the playground of gangsters and drug dealers but in recent years, its biggest faces have become some of the most successful and respected personalities on the planet. One of them is Jay Z, who has been rapping since 1989 and in that time, forged a career that has led to him being in a conversation as the richest rapper in the world.

The question has been based off a career that has sold several millions of albums and singles, multiple investments that range from sports teams and liquor to a clothing line. In this article, we take a look at how he makes his money, his net worth and determine if Jay Z, truly, is the richest rapper in the world.

Is Jay Z the Richest Rapper in the World?

It has taken some doing, particularly after years of a neck and neck race with a close friend, P. Diddy but Jay Z has achieved the feat to become the richest rapper in the world with a personal net worth of $1 billion.

He achieved the status in 2019 when Forbes magazine declared that he has amassed a personal net worth of $1 billion through his investments across various ventures and his music career.

Although his net worth places him as the richest rapper in the world, he hasn’t earned the majority through his career as a rapper. While he does boast of a very successful music career that has seen him released multiplatinum albums across a discography of 13 albums, performed many concerts, toured multiple times and made several successful collaborations, the bulk of his net worth has come from the business side of his professional career.

Some of his successful businesses and entrepreneurial ventures include his clothing line, Rocawear, which he built to become a globally recognized brand but later sold off for $204 million. He is also the owner of the champagne brand, Armand de Brignac and a part-owner of D’Usse, a cognac which is one of Bacardi’s alcohol brands.

Jay Z also has an equity stake in the startup company, JetSmarter, which shares a similar model with the ride-sharing company, Uber, but is for private jets. The Brooklyn-born rapper’s long list of investments also includes a high-end club, 40/40 which is in Manhattan, Atlantic City and Chicago, and one of his major assets, his entertainment label, Roc Nation which has subsidiaries like Roc Nation Sports and Roc-a-fella Records.

READ   Untold Truth Of King Louie's Music Career and Assets

Other major investments include Carol’s Daughter, Barclays Center, Cohiba, and a few others. One of the major contributors to his wealth is his acquisition of the streaming service, Tidal, which he bought for $56 million and has risen in value to over $600 million in worth. One other contributor to the rapper’s humongous net worth is his book, Decoded, a part memoir and part collection of lyrics he released in 2010.

In order for Jay Z to become the richest rapper in the world, he had to beat other notable contenders like Dr. Dre who has a net worth of $800 million and P. Diddy who has a net worth of $740 million.

Is He a Billionaire?  

Jay Z The Richest Rapper in the World
Jay Z and his wife, Beyonce have a combined wealth of $1.4 billion

Shawn Corey Carter, a.k.a. Jay Z is indeed a billionaire, a fact that makes him the richest rapper in the world. He attained the much-coveted three commas in 2019. His fortune was a long time coming since he established his record label, Roc-A-Fella Records when he was unable to find a major label willing to give him a record deal.

His billionaire status comes off the heel of another successful collaboration with his wife and famous pop singer, Beyonce for the album, Everything is Love, for which they went on the stadium tour, The Run II, which grossed over $250 million.

Combined with his wife who has a net worth of over $400 million, which makes their total net worth circa $1.4 billion, Jay Z has a solid footing on his billionaire status and with the growth of his streaming service and other businesses, he is expected to be worth a few hundred million more in the near future.

Aside from amassing his wealth, Jay Z is also a known philanthropist who has his foundation, The Shaun Carter Foundation which he established in 2003 in collaboration with his mother. He has also worked with the United Nations and donated $1 million to the American Red Cross. He is believed to be a major philanthropist but has developed a reputation for keeping his donations anonymous.

Adeola Seun
Adeola Seun
Seun is a CCNA certified graduate of FUTA. He has been writing on various subjects that include finance, economics, celebrity net worth, lifestyle, biographies and politics for over 7 years, Other than writing, he enjoys movies, video games, and sports

Recommended

Joji Net Worth: How Much Money Filthy Frank Has Made In His Career

Be it comedy or music, Japanese-born sensation, Joji, has proven that he has an abundance of talent and has accumulated a net worth of...

Dame Dash’s Full Net Worth in 2020, Wife & Family Details

What is Dame Dash's net worth? Dame Dash, also known as Damon Dash is a record producer, entrepreneur, and actor. He is well-known as the...

An Inside Look at Taraji P Henson’s Net Worth, Son, and Boyfriend

Taraji P Henson is an American actress and singer. Widely popular for her role as Cookie Lyon in the FOX hit musical series Empire,...

A Look at Daymond John’s Biggest Achievements, Net Worth And Marriages

Daymond John may as well be popular as one of the impeccably dressed stars but as regards his reputation, he is preferably described as...

Chris D’Elia Net Worth: Here’s How Much Money the Comedian Has Now

Chris D’Erislia may be currently embroiled in sexual misconduct allegations but there is no denying the fact that he has done well for himself...

Breaking Down Brian Shaw’s Net Worth and How the Strongman Makes Money

It may not be easy to determine exactly who the strongest man in the world is but if there is one person who has...

What Is Halle Berry’s Net Worth and Is She Married With Kids?

Halle Berry is an American actress, film producer, a former fashion model and beauty queen. Known for her role as Storm in the X-Men...

A Breakdown of SNL’s Colin Jost Net Worth and Salary

Even though Colin Jost is now most famous for his marriage to superstar actress, Scarlett Johansson, he is an accomplished individual in his own...

Graham Stephan Net Worth: How the Real Estate Agent Accrued His Wealth

People are often advised to develop multiple streams of income to make ends meet. One person that has taken this advice to heart and...

The 15 Most Expensive Cat Breeds in the World

Dogs may be regarded as Man's best friend but there is no denying that cats are one of the most popular pets in the...

Carlos Slim’s Net Worth, Business Breakthroughs and Details Of His Wife & Children

Carlos Slim Helu is a Mexican self-made business mogul and a diversified investor who was once the richest man in the world from 2010...

Featured Today

Who is Laura Coates? Her Husband, Age and CNN Career

One of the reasons why America’s news organizations and journalism as a whole is one of the most followed in the world is the...

What Is Wrong With Barron Trump, Is He Really Autistic? Where Is He Now?

Autism is prevalent and can affect people of all ethnic, racial and socioeconomic groups. The disorder, which limits a person's ability to relate and...

Joel Osteen – Divorce Rumours, Wife & Net Worth in 2020

Over 7 million viewers weekly and more than 20 million monthly in over 100 countries across the globe tune in to listen to American...

Is Simon Sinek Married? What To Know About His Wife And His Net Worth

There is an abundance of ideas in the world. There is no shortage of it for those who are looking. However, not many people...

Adam Lambert Net Worth: How Much Money the Former American Idol Finalist Has Now

There is no gainsaying the fact that Adam Lambert is one of the most successful products in the annals of American Idol. Since he...

Related Stories