Are you interested in learning about the Jay Z net worth? In our following post, we’ll tell you about how much is Jay Z worth.
Jay Z Net Worth: $560 million
Jay-Z is an American songwriter, rapper and business man. He earned his estimated $560 million net worth throughout his music industry career. He began as a co-founder of the Roc-A-Fella records where he also started his recording career. He released his first album in 1996 with Priority Records and was called Reasonable Doubt. The album ranked 248 in the Rolling Stones 500 Greatest Albums of all Time. After this, the artist released the album In My Lifetime, Volume 1 and signed with the record label Def Jam. This album was mostly about Jay-Z’s life in the earlier years. The album was a great success for the artist and went platinum. A year after his first album was released, Jay-Z released the second one in the series called Volume 2, Hard Knock Life which sold more than five million copies. The artist’s second album is five times platinum. Because of his success, many believe that Jay-Z will eventually reach a $1 billion net worth in his lifetime. This is quite a remarkable achievement for a celebrity. Here are some facts regarding Jay-Z’s incredible success:
In 2007, Jay-Z sold Rocaware clothing which the rapper also co-founded for $204 million. He also got $35 additional million in Iconix (the company that bought Rocaware clothing) stock.
Every record released by Jay-Z has been a huge success and has gone platinum.
The artists has endorsements from Hewlett Packard, Budweiser, Chevy and Armadale Vodka
Jay-Z’s deal with Live Nation is apparently worth $150 million
Jay Z also has ownership in the Arsenal Football Club, Def Jam Records, 40/40 nightclubs and the New Jersey Nets.
His solo career has been very successful but the rapper also collaborated with numerous other artists like Rihanna, Bono from U2, Mariah Carey, The Edge and many others. He even produced a musical with Jada Pinkett Smith and Will Smith called “Fela”, in celebration of the political activist Fela Kuti from Nigeria. Jay-Z is known for his performances that combine his rhyme techniques and rhythm perfectly. The rapper is also known for being able to write lyrics in his head. Jay-Z also appears in movies like Fade to Black, Streets Is Watching, State Property, Black Stage and Paper Soldiers. Fade to Black is a movie about his career. The cast of the documentary has many more other celebrities such as Funkmaster Flex, Bleek, Beyonce and other talented performers.
The rapper is also a successful entrepreneur and has invested in record companies and clothing stores. Jay-Z also co-owns 40/40 Clubs in Chicago, Atlantic City and New York as well as being part owner of the New Jersey Jets and the co-director of Budweiser Select. He has also been involved in campaigns that try to make people aware of the worldwide water shortage and has donated $1 million through American Red Cross for the victims of the Katrina Hurricane.
Jay-Z, along with owners Mikhail Prokhorov and Bruce Ratner have announced the move to Brooklyn of the New Jersey Nets. The basketball team has been renamed the Brooklyn Nets.
He was born in 1969 in Brooklyn, New York and had a very tough childhood. His father was involved in selling drugs and eventually abandoned him. He went to George Westinghouse Career and Technical Education High School, Trenton Central High School and Whitney High School. Even as a young child, Jay-Z felt a lot of love for rhythm and music. He started making his own type of hip hop after his mother bought him a boom box. Jay-Z worked with Beyonce in 2002 for the song “’03 Bonnie & Clyde” and two others called “That’s How You like It” and “Crazy in Love”. He appeared in many Beyonce performances after that. Jay-Z and Beyonce got married in 2008 and have been called the top earning couple in the whole music industry. Blue Ivy, their first child was born in 2012 on January 8th.
But how much money do the two artists have together? It’s been reported that Jay-Z and Beyonce have a net worth of $1 billion combined. Forbes named The Carters the highest earning couple in the entertainment industry. Beyonce is credited to helping the couple go over the milestone of $1 billion with the help of her “The Mrs. Carter Show” tour, her endorsement with H&M and Pepsi, worth $116 million.
Jay-Z also made a lot of money by featuring on and producing Justin Timberlake’s album called The 20/20 Experience and by going on tour with him in the United States. Jay-Z also brings in money from his successful shares in the 40/40 night club, Roc Nation, the Brooklyn Nets and Rocawear. He also makes a lot of money off of Rihanna’s success. Rihanna is signed to Def Jam, which is owned by him.
Their fortune rose even higher after Beyonce released her latest album in 2013.
Image source: homeboyzradio.co.ke
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