How Jay-Z Became The First Hip-Hop Artist To Become A Billionaire
4 June 2019, 13:47
Jay-Z has officially been renowned as "the world's first hip-hop artist to become a billionaire". See here for the breakdown of the assets that built his empire.
Jay-Z is officially the world's first hip-hop artist to become a billionaire. It's safe to say Jay is about his business.
What Is Jay Z's Net Worth In 2018?
The New York hip-hop mogul is known as; a legendary rapper, clothing line owner (Rocawear), music stream owner (Tidal), sports management company owner (Roc Nation Sports) and husband to singer Beyoncé Knowles.
Barack and Michelle Obama Rock Out at Beyonce and Jay Z Concert
According to Forbes' Zack O'Malley Greenburg, Jay-Z has become a billionaire in less than than a decade.
Greenburg also reveals "Jay-Z has accumulated a fortune that conservatively totals $1 billion, making him one of only a handful of entertainers to become a billionaire—and the first hip-hop artist to do so".
Here's a break down of all his assets that have helped him become the first billionaire rapper:
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Armand de Brignac - $310 Million
Jay-Z launched his own "Ace Of Spades" champagne in 2006 during his video "Show Me What You Got".
The gold bottles of champagne are worth a whopping $300 per bottle.
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Cash & Investments -$220 Million
Jay-Z invested stakes in Uber worth an estimated $70 million. According to TechCrunch, Jay-Z purchased a $2 million stake in 2013.
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D’Ussé - $100 million
Jay-Z’s has a joint venture with Bacardi and branded his own cognac 'D’Ussé'.
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Tidal- $100 million
Jay-Z submitted a bid to purchase the Scandinavian streaming service’s parent company for $60 million, back in 2015.
He relaunched Tidal later that year with a roster of celebrity investors including his wife, Beyoncé, Kanye West, Calvin Harris & many more.
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Music Catalog- $75 million
In 2004, Jay-Z negotiated the eventual return of his master recordings from Def Jam that helped launch his career.
He then made a separate deal with EMI, which allowed him to claim his publishing rights.
Jay-Z's are close to 1 billion streams annually.
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Roc Nation - $75 million
Roc Nation is a joint venture entertainment company with concert business 'Live Nation' which began over a decade ago.
Jay-z is the corner of 'Roc Nation Sports' which provides sports management for high status sport players such as Kevin Durant, Todd Gurley and more.
'Roc Nation Records' is Jay-Z's record label and artist-management company which have covered artists such as Rihanna, J. Cole & more.
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Art Collection - $70 million
Jay-Z has been collecting art masterpieces. He reportedly purchased Basquiat's “Mecca” for a reported $4.5 million back in 2013.
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Real Estate - $50 million
Jay-Z and Beyoncé bought two homes after having twins in 2017. The East Hampton mansion is worth $26 million and a their Bel Air estate is worth $88 million.
The hip-hop mogul owns a penthouse in Tribeca, which he bought for $6.85 million in 2004.
