The Breakdown of Jay-Z’s $1Billion Net worth | Recently Jay-Z went viral all over the internet for being the first rapper to be worth one billion dollars. It was really amazing as he is also a philanthropist and a human rights activist aside from being a musician.
Today we are going to break down for you Jay-Z’s assets that come together to a grand total of US$1 billion plus.
Jay-Z is a rapper, music producer, investor, and businessman with a net worth of over $1 billion.
Check Out The Details of The Breakdown of Jay-Z’s $1Billion Net Worth
1 Jay-Z owns Armand De Brignac – a New York-based wine and spirits company owned by the Berish family, the Armand de Brignac (‘Ace of Spades’) Champagne brand which is worth US$310 million. He bought the company from the above-mentioned family in 2014.
According to CNN, “Jay Z likes $300 champagne. So he buys the company”
2 Aside from owning companies, investment in real estate, Jay-Z has other investments including which cash amounts to US$220 million. This is a sure smart way of keeping one’s assets. More like not putting all your eggs in one basket.
3 Jay-Z also owns the iconic liquor brand, the “D’iusse” cognac which is worth US$100 million.
4 The net worth of Tidal – a music streaming website/app is around US$100 million as at the time of writing this article. Jay-Z launched Tidal in the year. Even though streaming on Tidal is restricted to certain countries only, it is still one of the most popular music streaming website/app.
5 Roc Nation is also one of Jay-Z’s assets he can boast of. Roc Nation is worth a total of US$75 million in assets. It has signed some of the world’s top musicians and DJ’s.
6 US$75 million of Jay-Z’s assets comes from his music catalog and that is its worth.
7 Jay-Z has collected a lot of famous artworks and also have in his possession a lot of bids which amounts to a whopping total sum of US$70 million. In one of his songs “Picasso Baby”, he boasted of Basquiat’s “Mecca sitting in his kitchen.
8 The rest of his assets is invested in the real estate (homes in Los Angeles, the Hamptons, Tribeca) and stakes in companies like Uber with a total worth of US$50 million.
Congratulation for reaching the end of the breakdown. You have added a little more knowledge about your favorite artiste, Jay-Z to your “archives“. Thank for reading!
NB: Some facts and figures where taken from Forbes.coms world billionaires page.
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