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Entertainment July 10, 2017
He shows no signs of slowing down.
Photo via Instagram (#jayz)Rapper and business genius Shawn “JAY-Z” Carter is flourishing in his career and his bank account is proof of that. As of 2017, the Jay Z net worth adds up to a staggering $810 million.
This is more than double Queen Bey’s net worth of $350 million! Not bad for a man who grew up in the Marcy Projects in Brooklyn.
In fact, Forbes reported that he is the second richest hip-hop star in the world, second to Sean “Diddy” Combs, who barely surpassed JAY-Z with a net worth of $820 million. You’re almost there, Jay!
If you’re dumbfounded by how the rap star accumulated this kind of wealth, then you’ve come to the right place. ENTITY has all the answers to your burning questions about JAY-Z’s net worth.
JAY-Z and Beyoncé’s combined net worth currently sits at a jaw-dropping $1.16 billion. While Beyoncé is off being successful on her own, JAY-Z is building a legacy, too.
First and foremost, JAY-Z is known as a rapper. He has 21 Grammy nominations under his belt and as a solo artist, he holds the record for the most singles in the Billboard 200. His album sales are higher than 100 million worldwide and the earnings from his music sales total $78 million.
Back in May, the hip-hop icon signed a $200 million deal with Live Nation. His new album “4:44” just dropped on June 30, 2017. The highly anticipated release addresses his infidelity and the difficulty he experienced while trying to rebuild his marriage.
And as a strategic business move, the album is only available on his own music streaming platform, Tidal, or to Sprint users, thanks to a hefty sponsorship deal.
Stocks and investments make up the bulk of HOV’s expenses, but they’ve also created most of his wealth.
JAY-Z purchased rights to the music streaming service, Tidal, for $56 million back in 2015. Currently, it is estimated to be worth over $600 million. And in just two short years, this hip-hop business mogul has already made over 1,000 percent profit from the company.
Clearly the man knows how to rake in the cash.
He is also the founder of Def Jam Records and Roc Nation, and he’s the co-founder of Rock-A-Fella Records.
On top of that, he owns the professional athlete agency Roc Nation Sports, which he started in 2013. It’s estimated that the platform has earned roughly $20 million since its creation. He also partnered with Diamond Dash to create the urban clothing line Rocawear, but then JAY-Z sold the rights to Iconix Brand Group for $204 million.
Outside of his own brands, he invested $200 million in the New York champagne brand Armand de Brignac. And then he invested another $200 million in the app JetSmarter, which helps people book private jet flights at the push of a button.
And while JAY-Z is clearly interested in growing his empire, he still loves living lavishly.
JAY-Z and Beyoncé live in the Hamptons. This 12 bedroom, 12 bathroom home cost the Carters roughly $40 million. But even with this extravagant home, the power couple is currently house-hunting in Los Angeles.
Surprisingly, they are struggling to find a worthy home within their $80 million budget. That’s L.A. for you.
However, inside sources have disclosed to TMZ that Bey and Jay have just bought a house in Bel-Air worth $130 million. The 11 bedroom house is 30,000 square feet and equipped with a recording studio, four pools and a basketball court, among many other amenities.
Rap royalty like JAY-Z needs a bumpin’ ride – or a few, for that matter.
The Carters have shelled out $15 million on cars alone. The rapper has a rare Pagani Zonda F, which costs roughly $670,000. While this price sounds quite steep, keep in mind that it’s pretty much the Bat Mobile.
Then for his 41st birthday, Queen Bey gave him a Bugatti worth over $2 million. Well done, Bey.
But as great as this is, it’s hard to compete with the $40 million private jet she bought JAY-Z for Father’s Day.
JAY-Z’s life is basically an underdog story of a poor kid in the inner city who ultimately rose above and achieved great success. This serves as an inspiration to young people from similar backgrounds, especially because he’s constantly making an effort to give back.
He founded the Shawn Center Foundation with his mother to help students from low-income families pay their way through college. He also donated $1 million to rebuilding efforts after Hurricane Katrina. Aside from that, the majority of charitable donations JAY-Z makes remain anonymous. You go, Jay.
At the end of the day, JAY-Z is quite possibly one of the greatest underdog stories of our time. Despite growing up in poverty, his net worth is creeping up to the billionaire mark.
However, his wealth has not stopped him from paying it forward to children seeking a better life, and we’re here for it.
