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Entertainment August 25, 2017
He may have 99 problems, but money ain't one.
With wife Beyonce recently giving birth to twins, Jay-Z is in for a life of dropping some serious dough.
However, this isn’t something he really needs to worry about, given his net worth of $810 million in 2017.
Jay-Z is one of the most acclaimed rappers of this generation. Recently, he was listed as number two on Forbes “The Forbes Five: Hip-Hop’s Wealthiest Artists 2017.” He was beat out by Diddy, who has a net worth of $820 Million dollars.
In combination with his wife Beyonce, the power couple has an estimated net worth of $1.16 billion. Here are just some of the factors that have contributed to Jay-Z’s bountiful net worth.
Jay-Z has a number of different albums out since he first started rapping in 1994. All of his albums have a total worldwide sale record of 55,000,000. In addition to this, he has gone on a number of different tours including the Magna Carta World Tour and the Watch the Throne Tour with Kanye West, which earned him about $75 million dollars, according to Fortune.
Not only is Jay-Z a genius at rapping, but he also has a great eye for business opportunities. “Founded by Jay-Z and Jay Brown in 2008, Roc Nation is an entertainment company that houses a record label, among other services, including a talent agency, a touring and concert production company, a production company for music, film and TV and a music publishing house,” reports Fortune.
Roc Nation works with strong players in the music industry such as Live Nation and Sony. They additionally have some of the biggest artists in the music industry signed to their label, such as DJ Khaled, Rihanna and Calvin Harris. In 2017, the company announced a new business endeavor called Arrive that will be focused on music startups.
Roc Nation has worked with Budweiser’s Made In America festival for multiple years. via sidewalkhustle.com.
Jay-Z has an eye for opportunity. He has a number of different investments and partnerships that contribute greatly to his high net worth. For one, he had two successful clothing companies (Diamond Dash and Rocawear) that he sold for millions of dollars.
He also works with a number of different companies doing promotion and endorsements. Reebok, Samsung, Budweiser, Carol’s Daughter and Champagne Armand de Brignac are just some of the different companies that he has worked with over the years.
You can consistently find Beyonce and Jay-Z sitting court side at a basketball game. This is because Jay-Z is a huge sports fan, and this has payed off for him in the financial department. He has previously owned part of the Brooklyn Nets and Barclays Center.
Roc Nation has started a sports department which made an estimated $19.2 million in 2016. “Representing less than 20 clients, the agency has obtained marketing and contract rights to some of the world’s top athletes, including: Dez Bryant, Kevin Durant, Rusney Castillo, CC Sabathia, Robinson Cano and Yeonis Cespedes,” reports Forbes, on the booming sports agency.
There are a plethora of other endeavors and openings that Jay-Z has taken advantage of over the years that have contributed to his net worth, such as real estate and club ventures. His business savvy and rapping skills have ultimately paid off, and have taken this rapper from the Marcy Projects in New York to new heights.
