Who doesn’t know the famous rapper and husband of famous singer Beyonce, yeah … Jay Z is known to be Hip Hop’s first billionaire. Of course, Jay Z is a prolific musician with his songs that are worldwide hits.
In fact, Jay Z is not a billionaire who makes an income solely from his music. However, Jay-Z’s initial and greatest financial success came with “Rocawear”, his urban-focused clothing company, but he ended up selling for over US $ 200 million.
As an American rapper, songwriter, and producer as well as a businessman, of course many fans are wondering how much Jay Z’s wealth makes him categorized as the richest rapper in the world.
However, he has captured the world’s attention because of his career and achievements in the music world coupled with his position as the husband of Beyonce who is one of the most nominated singers to receive Grammy Awards. Of course, it is not surprising that both of them have been named the richest musicians in the United States.
Let’s see Jay Z’s net worth below!
What Is Jay Z’s Net Worth?
As of 2021, Jay Z’s net worth is $1.3 billion. Jay Z earned his net worth through his career in the music industry. Aside from being a popular musician, he’s also known as an extremely successful entrepreneur. Sure, Jay Z had a massive amount of success in several industries.
In any given year, Jay Z earns $70-80 million. He also earned $81 million between June 2018 and June 2019. Jay Z and Beyonce have a combined net worth of $1,8 billion. They first cracked the combined billion dollar fortune mark in July 2014.
In June 2019, he first became a billionaire thanks to a vast business empire that today includes merchandise, record sales, endorsement, touring, and also investments like D’Usse cognac, Tidal and Armand de Brignac champagne.
Jay Z also makes investments through Marcy Venture Partners that is named after the housing project in which he grew up. In 2019, Marcy Venture raised $85 million in investment capital.
Jay Z first was added into Celebrity Net Worth back in September 2090 with a net worth of $300 million. In September 2012, Jay Z’s net worth had jumped to $475 million. He also crossed the $500 million mark for the first time in 2013.
In 2015, he had topped the $600 million mark. Then, his net worth skyrocketed thanks to the various business ventures between 2015 and 2016. As of January 2019, JaY Z was worth at least $930 million. By June 2019, his net worth officially crossed into billionaire status.
Here’s for Jay Z’s wealth milestones:
- 2009: $300,000,000
- 2012: $475,000,000
- 2013: $500,000,000
- 2015: $600,000,000
- 2017: $700,000,000
- 2019: $930,000,000
- 2020: $1,000,000,000
- 2021: $1,300,000,000
Some interesting facts about Jay Z wealth are as follow:
- As of January 2021, Jay Z sold 50% of Armand de Brignac to LVMH at a $640 million valuation.
- By February 2021, Jay Z sold Tidal to Square for $300 million.
- Jay Z first became a Billionaire in 2020.
- Jay Z had earned worth of $750 million in his career before investments.
- He owns equity in SpaceX, Ethos, Oatly, Uber and Sweetgreen.
- Co-owns, with Beyonce, at least $100 million in art collection.
- Co-owns, with Beyonce, at least $150 million in global real estate.
Here’s how it break down:
Cash and Investments: $425 million
In his singing career, Jay Z has spent money wisely over the years. He spent $ 760 million in investments. He includes stakes in Uber, now Square as well as private companies such as salad chain Sweetgreen, insurance startup Ethos, and SpaceX. He also invested an undisclosed amount in July 2020 in Oatmilk Company Oatly.
Armand de Brignac: $320 million
Jay-Z sold half of his champagne company, also known as Ace of Spades, to LVMH’s Moët Hennessy mansion. According to Forbes, the deal totaled $ 640 million.
Roc Nation: $140 million
Jay Z’s joint-venture with Live Nation was founded in 2008 which is a full-service entertainment company. This company was serving some of the biggest names in the biz such as Alicia Keys and Rihanna, Kyrie Irving and CC Sabathia.
D’Usse: $120 million
Cognac Jay-Z was launched in 2012 as a partnership with liquor giant Bacardi. Although they usually sell for a reasonable $ 30 per bottle, fifty rare bottles include a diamond-shaped crystal bottle. Currently the bottles are being auctioned at Sotheby’s for an estimated $ 24,000 to $ 75,000 each.
Music Catalog: $95 million
Jay Z’s library of nearly 300 songs is worth $20 million with multiples for music catalogs on the rise, more now than it was two years ago. He also owns both the master recordings and publishing rights to his music, thanks to a series of smart negotiations.
Art Collection: $70 million
Jean-Michael Basquiat as Jay Z’s fan, he raps about having one in the kitchen on his song “Picasso Baby” and reportedly spent $ 4.5 million on one in 2013. Jay Z’s gorgeous art collection also features works by Richard Prince, David Hammons, and Damian first. He sees the collections as an investment. He also purchased some artwork for $1 million, two years laters, its worth of $2 million.
Real Estate: $50 million
In 2017, Jay Z and Beyonce had picked up two homes after giving birth to their twins. The two homes here are an $88 million Bel Air mansion and $26 millon East Hamptons spread. The Los Angeles home is worth $5 million more than the purchase price.
Of course, in this case, this couple proves that they are actually human beings, who still have a mortgage at home. He also still has the Tribeca penthouse bachelorette book he bought in 2004 for $ 6.85 million.
Here’s for Jay Z career earnings by year:
- 2007: $34,000,000
- 2008: $82,000,000
- 2009: $35,000,000
- 2010: $63,000,000
- 2011: $37,000,000
- 2012: $38,000,000
- 2013: $43,000,000
- 2014: $60,000,000
- 2015: $56,000,000
- 2016: $54,000,000
- 2017: $42,000,000
- 2018: $77,000,000
- 2019: $80,000,000
- 2020: $54,000,000
- Total: $755,000,000
When put it all down, Jay Z and Beyonce own at least %150 million worth of real estate in the United States. Of course, it’s possible that they own more real estate abroad or other properties which are hidden behind LLCs.