KEY POINTS

  • Jay-Z is now worth at least $1 billion
  • He has stakes in Uber
  • He owns champagne company Armand de Brignac

Jay-Z’s net worth has set a standard among current and future rappers: becoming a billionaire is possible but getting there is not as easy as it seems. Here is how he managed to become of the wealthiest of his generation.

Jay-Z can be considered a legend in the hip-hop scene. He is wealthy on his own but his marriage with pop superstar Beyonce increased his value massively. The power couple simply pulls the strings like no other celebrity couple can.

In 2018, Jay-Z and Beyonce went on tour which fetched $5 million per show. The "On the Run II" had 48 shows and the couple easily made $250 million in total.

The 50-year-old rapper’s net worth is around $1 billion, becoming the first rapper to achieve this feat. His was a story of rags to riches, a young boy who grew up with nothing and surrounded with drugs and violence at an early age. He used that experience to succeed in life.

Born Shawn Corey Carter, Jay-Z released his first album in 1996. He always believed that it was better to build his own brand than follow in the footsteps of others. That mentality urged him to make investments and build an empire. He founded the Roc-A-Fella Records in 1995 and launched Rocawear, his own clothing line, per Business Insider.

Count talent management as one of his expertise as well. Jay-Z owns the Roc Nation Sports agency and handles the careers of stars such as Saquon Barkley, Kyrie Irving, JuJu, Todd Gurley and Dez Bryant. He was once a minority owner of the Brooklyn Nets but clearly, his influence goes beyond the NBA court.

He acquired Tidal in 2015 for $56 million. Now, the Spotify rival is worth around $600 million. His sound investments do not end there. Carter is the owner of Armand de Brignac reportedly around $310 million. He is also a part owner of D'Usse, a known cognac produced by Bacardi.

According to Forbes, Jay-Z owns an impressive art collection apparently worth $70 million. As for real estates, the hitmaker has an East Hampton mansion, a Bel Air estate and a Tribeca penthouse.

Unknown to many, Jay-Z is also a stakeholder in Uber and owner of sports club 40/40 Club in Manhattan. The way the father of three has been able to expand his empire investing in real estate, talent management, tech companies and liquor brands is nothing short of amazing.

The Roc Nation entertainment company of rap star Jay-Z, left center beside Beyonce, has entered into a partnership with the NFL
The Roc Nation entertainment company of rap star Jay-Z, left center beside Beyonce, has entered into a partnership with the NFL GETTY IMAGES NORTH AMERICA / EZRA SHAW