Quick Links
Jay-Z is an American rapper, record executive, and businessman with an estimated net worth of 1. 4 billion as of March 2021 according to Forbes magazine. His real name is Shawn Corey Carter and is widely regarded as one of the most influential hip-hop artists of all time. He is married to Beyonce Knowles Carter and the couple share three children together.
Shawn Corey Carter was born on December 4, 1969, in the Brooklyn borough of New York City. Marcy Houses, a housing complex in Brooklyn's Bedford–Stuyvesant neighborhood, was where he grew up. Jay-Z and his three siblings were raised by their mother, Gloria Carter, after their father, Adnis Reeves, who later abandoned the family. Shortly before his death in 2003, Reeves met and reconciled with Jay-Z. He also went to Brooklyn's Eli Whitney High School until it closed. He then went to nearby George Westinghouse Career and Technical Education High School, where he met rappers The Notorious B.I.G. and Busta Rhymes, and then to Trenton Central High School, where he did not graduate.
Him and Beyonce have a shared net worth of 350 million. As a family, they live in a $88 million home in Los Angeles' Bel-Air neighborhood. Beyoncé and Jay-Z were named the most popular pair in Time magazine's 100 most influential people of 2006, despite their general aversion to publicizing their relationship.
Jay-Z is one of the best-selling musicians in the world, having sold more than 50 million albums and 75 million singles worldwide. He holds the record for the most number-one albums by a solo artist on the Billboard 200, with 14, and has received a total of 22 Grammy Awards, the most by a rapper. He was named one of the 100 Greatest Artists of All Time by Billboard and Rolling Stone, two other music publications. In 2017, he became the first artist to be inducted into the Songwriters Hall of Fame, and at the 60th Grammy Awards in 2018, he received the commemorative "Salute to Industry Icons" award. Jay-Z became the first hip hop billionaire in June 2019, making him the fifth richest African American and the richest American artist.
Jay-Z has achieved considerable popularity and media recognition for his businesses in addition to his music career. He founded the clothing retailer Rocawear in 1999 and the luxury sports bar chain 40/40 Club in 2003. Both companies have evolved to be multi-billion-dollar enterprises, allowing Jay-Z to finance the establishment of the entertainment company Roc Nation, which he created in 2008. He purchased the tech firm Aspiro in 2015 and became the CEO of Tidal, the company's media streaming service. He is also launching a cannabis product line called "Monogram" in December 2020.
Thanks to recent deals with Jack Dorsey's Square and LVMH, Jay-Z's $1 billion net worth has increased by 40%. Forbes reports that he is now worth $1.4 billion after selling a majority stake in TIDAL to Dorsey's Square, Inc. for $297 million and 50% of his Armand de Brignac champagne brand to LVMH for $640 million. Forbes estimated that the rapper/businessman has $425 million in cash and shares, including stakes in Uber, Sweetgreen, Ethos, and SpaceX, as part of his $1.4 billion fortune. Jay-Z's Armand de Brignac contract is worth at least $320 million dollars, while his Roc Nation label is worth $140 million dollars. The cognac brand D'Usse is worth $120 million dollars, and his vast music collection is worth $95 million dollars. Finally, his art collection at $70 million USD and real estate property at $50 million USD.
SOURCES : Forbes, Hypebeast, NME,
This article was updated on March 13, 2021 by Vanessa Shumbanhete
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2021 |
Sale of Asset |
Armand de Brignac partnership with LVMH |
$315,000,000 |
|
2018 |
Asset |
Purchase value of Jay-Z and Beyonce's mаnѕіоn that іnсludеѕ over 123 rooms, a private brаnсh оf “M&Ms Wоrld” along wіth a nightclub, aԛuаrіum, bowling аllеу, hоmе thеаtеr, 27 bаthrооmѕ, 14 bеdrооmѕ, ѕwіmmіng pools, a tеnnіѕ соurt and сіtruѕ orchard |
$45,000,000 |
|
2018 |
Ticket Sales |
Ticket sales of Jay-Z's On the Run II Tour (approximately 2,169,049 tickets sold) |
$253,510,000 |
|
2018 |
Earnings |
Sports agents commissions from Roc Nation Sports for the year 2018 |
$28,900,000 |
|
2018 |
Asset |
Purchase value of Jay-Z's Mercedes Benz and Maybach Excelor |
$8,200,000 |
|
2018 |
Asset |
Purchase value of Jay-Z's home in Westchester County, New York |
$2,500,000 |
|
2017 |
Event |
Money Jay-Z spent on a bottle of champagne for Christmas dinner |
$75,860 |
|
2017 |
Ticket Sales |
Ticket sales of the 4:44 Tour (approximately 426,441 tickets sold) |
$48,700,000 |
|
2017 |
Record Sales |
Record sales of the album 4:44 (approximately 2 million copies sold) |
$2,600,000 |
|
2017 |
Contract |
A ten-year contract with Live Nation |
$200,000,000 |
|
2017 |
Asset |
Purchase value of Jay-Z's Ferrari F430 Spider, Bugatti Veyron Grand Sport, Bombardier Challenger 850, Pagani Zonda F, Hublot Big Bang Watch and Ace of Spades Champagne |
$49,700,000 |
|
2017 |
Asset |
Purchase value of Jay-Z's Trump Tower apartment |
$2,500,000 |
|
2016 |
Sale of Asset |
Estimated amount of Tidal's 33% stake sold to Sprint |
$200,000,000 |
|
2015 |
Earning Turned Donation |
Amount donated to Black Lives Matter |
$1,500,000 |
|
2014 |
Box Office Sales |
Worldwide box office sales of the movie Annie as the film's producer |
$133,820,000 |
|
2014 |
Ticket Sales |
Ticket sales of the On the Run Tour with American performer Beyoncé (approximately 979,781 tickets sold) |
$109,610,000 |
|
2014 |
Ticket Sales |
Ticket sales of the Magna Carter World Tour (approximately 234,308 tickets sold) |
$48,900,000 |
|
2013 |
Sale of Asset |
Sale of Jay-Z's shares in Brooklyn Nets and Barclays Center |
$1,500,000 |
|
2013 |
Ticket Sales |
Ticket sales of the Legends of the Summer Stadium Tour with American singer-songwriter Justin Timberlake (approximately 622,559 tickets sold) |
$69,750,000 |
|
2013 |
Contract |
A contract between Samsung and Jay-Z's company Roc Nation, the mobile company became synonymous with "Magna Carta Holy Grail" |
$20,000,000 |
|
2013 |
Asset |
Investment of Jay-Z, Will Smith, and Jada Pinkett Smith in a Brooklyn-born beauty products start-up, which targets African-American women |
$10,000,000 |
|
2013 |
Sponsorship |
Jay-Z's sponsorship deal with Rocawear |
$204,000,000 |
|
2013 |
Record Sales |
Record sales of the album Magna Carta Holy Grail (approximately 2.18 million copies sold) |
$2,830,000 |
|
2013 |
Box Office Sales |
Worldwide box office sales of the movie The Great Gatsby as the film's executive producer |
$353,640,000 |
|
2012 |
Ticket Sales |
Ticket sales of the Watch the Throne Tour with Kanye West (approximately 386,445 tickets sold) |
$40,080,000 |
|
2011 |
Record Sales |
Record sales of the album Watch the Throne (approximately 1.47 million copies sold) |
$1,910,000 |
|
2009 |
Record Sales |
Record sales of the album The Blueprint 3 (approximately 1,568,518 copies sold) |
$2,040,000 |
|
2009 |
Ticket Sales |
Ticket sales of the U2 360° Tour with the rock band U2 (approximately 7,272,046 tickets sold) |
$736,420,000 |
|
2008 |
Ticket Sales |
Ticket sales of the Viva la Vida Tour with the British band Coldplay (approximately 1,619,307 tickets sold) |
$119,280,000 |
|
2008 |
Royalties |
Royalty Fee from Rocawear (Despite New Ownership in 2007) |
$5,000,000 |
|
2008 |
Ticket Sales |
Ticket sales of the Heart of the City Tour with R&B singer Mary J. Blige |
$34,200,000 |
|
2007 |
Record Sales |
Record sales of the album American Gangster (approximately 1.11 million copies sold) |
$1,440,000 |
|
2007 |
Sale of Asset |
Sale of Rocawear to Iconix Brand Group |
$204,000,000 |
|
2006 |
Record Sales |
Record sales of the album Kingdom Come (approximately 2.71 million copies sold) |
$3,520,000 |
|
2005 |
Earning Turned Donation |
Pledge with Diddy to help support victims of Hurricane Katrina |
$1,000,000 |
|
2004 |
Record Sales |
Record sales of the album Collision Course with Linkin Park (approximately 2,557,500 copies sold) |
$3,320,000 |
|
2004 |
Asset |
Purchase value of Jay-Z's penthouse in Tribeca |
$6,850,000 |
|
2004 |
Box Office Sales |
Box office sales of the movie Fade to Black as himself |
$742,080,000 |
|
2004 |
Record Sales |
Record sales of the album Unfinished Business with R. Kelly (approximately 1 million copies sold) |
$1,300,000 |
|
2003 |
Asset |
Purchase value of seventh-floor penthouse in Tribeca, New York |
$6,850,000 |
|
2003 |
Record Sales |
Record sales of The Black Album (approximately 3,916,000 copies sold) |
$5,090,000 |
|
2003 |
Record Sales |
Record sales of the Bad Boys II soundtrack with various artists (approximately 1 million copies sold) |
$1,300,000 |
|
2002 |
Record Sales |
Record sales of the album The Blueprint 2: The Gift & The Curse (approximately 3.3 million copies sold) |
$4,290,000 |
|
2002 |
Record Sales |
Record sales of the album The Best of Both Worlds with R. Kelly (approximately 1 million copies sold) |
$1,300,000 |
|
2002 |
Box Office Sales |
Box office sales of the movie State Property as Untouchable J |
$2,110,000 |
|
2001 |
Record Sales |
Record sales of the album The Blueprint (approximately 2.7 million copies sold) |
$3,510,000 |
|
2000 |
Record Sales |
Record sales of the album The Dynasty: Roc La Familia (approximately 2.06 million copies sold) |
$2,680,000 |
|
2000 |
Box Office Sales |
Box office sales of the movie Backstage as one of the film's performers |
$1,190,000 |
|
1999 |
Record Sales |
Record sales of the album Vol. 3... Life and Times of S. Carter (approximately 3.11 million copies sold) |
$4,040,000 |
|
1998 |
Record Sales |
Record sales of the album In Vol. 2... Hard Knock Life (approximately 5.56 million copies sold) |
$7,230,000 |
|
1997 |
Asset |
Purchase value of the seven-bedroom house in New Orleans |
$2,600,000 |
|
1997 |
Record Sales |
Record sales of the album In My Lifetime, Vol. 1 (approximately 1 million copies sold) |
$1,300,000 |
|
1996 |
Record Sales |
Record sales of the album Reasonable Doubt (approximately 1.06 million copies sold) |
$1,380,000 |
