Noteworthy ventures that made Jay-Z billionaire
Jay-Z’s money doesn’t just come from music.
Forbes declared on Monday that Jay-Z has turned Billionaire and is the first hip-hop artist to do so, thanks to his diversified investments. Apart from being a force to reckon with in the hip-hop scene, the music mogul has investments in real estate, brewery and silicon valley giants like Uber.
All this is impressive in its own way considering how he began— by selling drugs on the streets of Brooklyn. From there to winning 14 No. 1 albums, 22 Grammy awards is a feat not all can even dream to aspire.
Below are a list of companies that proved his mettle not only in the Rap Genre but also as a successful businessman.
His Champagne company
Jay-Z launched Armand de Brignac back in 2006 whose value is now $310 million. And the best part is, he owns 100% of it. He also collaborated with Bacardi to come up with his cognac D’Ussé whose value is $100 million.
Uber
Originally purchasing it for $2 million, his stake in Uber is now worth an estimated $70 million. Smart move Jay-Z.
Music streaming platform
His launched his streaming service Tidal after buying Norway’s Aspiro in 2015 for $56 million with his wife Beyoncé Beyonce being one of the investors. Forbes value of Tidal something around $100 million.
His Entertainment company
In a joint venture with concert giant Live Nation, Jay Z started an entertainment company named Roc Nation. Top artists and athletes like Rihanna, Kevin Durant, and J.Cole are represented by Roc Nation. The company is valued at $75 million.
Art collection
Jay-Z has been amassing unique art masterpieces for about a decade like Basquiat’s “Mecca,” purchased for $4.5 million, works of Takashi Murakami and Andy Warhol to name a few. He features his purchases in his songs, rapping about them in detail. His total art collection is valued at $70 million.
Real Estate
A $26 million East Hampton mansion, a $88 million Bel Air and a Tribeca penthouse for $6.85 million, Jay’s very smart when it comes to real estate.
