Shawn Corey Carter, popularly known as Jay-Z is considered one of the biggest hip hop and music star in the world. He can perfectly pass for a ‘demi – god’ in the eyes of most black persons. This is because he has been able to distinguish himself both as an artist, an executive, an enterpreneur, and a philanthropist. We shall quickly lead you through his biography, net worth and investments.
- Biography
Jay-Z was born on December 4, 1969, in the Brooklyn borough of New York City. He began his musical career after founding the record label Roc-A-Fella Records in 1995, and later on, he released his debut studio album Reasonable Doubt in 1996.
Considered one of the highest selling artistes in the world, Jay-Z has sold over 50 million albums and 75 million singles worldwide. His musical prowess has earned his several awards and accolades, such as a total of 22 Grammy Awards, the most by a rapper, and holds the record for the most number-one collections by an independent craftsman on the Billboard 200, with a total of 14.
He has been positioned by Billboard and individual music distribution Rolling Stone as one of the 100 Greatest Artists of All Time. In 2017, he turned into the primary rapper to be regarded into the Songwriters Hall of Fame, and in 2018, got the dedicatory “Salute to Industry Icons” grant at the 60th Grammy Awards.
- Net Worth
Officially Jay-Z is worth $1 billion, and in June 2019, he officially became the first hip hop billionaire, making him the fifth richest African-American and the wealthiest musician in America. In September 2009, Jay-Z’s net worth was a total asset of $300 million. By September 2012 his total assets had bounced to $475 million. He crossed the $500 million imprint without precedent for 2013. By 2015 he had topped the $600 million imprint. Somewhere in the range of 2015 and 2019, his total assets soar because of the different undertakings we detail beneath. As of January 2019, he was worth at any rate of $930 million. In June 2019 Jay’s total assets formally crossed into extremely rich person status.
For his investments, Jay-Z and Damon Dash co-created the clothing line Rocawear in 1999. The business venture by 2000, was generating a revenue of $50 million in a year. Ultimately, it generated $700 million, before it was sold to Iconix Brand for $204 million, in 2007. Jay-Z still holds a considerable amount of stake in the company.
In March 2015, Jay became a majority owner at the music streaming service, Tidal, via a $56 million acquisition. Tidal has been valued at as much as $600 million, and is considered the third biggest streaming company in the world.
Other investments undertaking by Jay-Z includes: Jay-Z’s investment in Armand de Brignac is worth $310 million; he has at least $220 million worth of of cash and other liquid investments; he also has investment in D’Usse is worth $100 million; he also has music catalogue which is worth at least $75 million; and his art collection, which is worth $70 million.
For real estate, Jay-Z and his wife, Beyonce, possess in any event $150 million worth of land in the United States that we can discover by means of open record look.
