Share and Follow
Jay-Z made history by becoming the first billionaire rapper back in 2019. Since then, the mogul has continued to stack his cash, with his net worth in 2023 coming in at $1.3 Billion.
While he’s best known for being a rapper, he’s an incredible businessman. He certainly has his music career to thank for kick-starting his success. Still, his real money has come from his investments in real estate and luxury brands, as well as his business endeavors, such as his music-streaming platform Tidal. Let’s dive into just how much of Jay-Z’s net worth comes from his music career versus his other business avenues in life.
How Much Does Jay-Z Make From Making Music?
It’s estimated that Jay-Z’s music catalog has brought in over $75 million. Jay-Z’s rap career began in the late 80s in New York City. The born and raised New Yorker found himself a mentor, rapper Jay-O and named himself in his honor, deriving the Z from his childhood nickname “Jazzy.”
He began to perfect his craft in the halls of his high school, George Westinghouse High School, located in Brooklyn. He could often be found rapping in his school’s cafeteria, where he frequently hosted competitions with fellow rappers in the community.
Things really began to pick up for Jay-Z in 1988 when he was flown to London by Jaz-O to help the rapper record his album.
After returning from London, he was a full-fledged music artist. He went on to travel the United States on Big Daddy Kane’s tour bus and made his big debut in 1993, appearing on the remixed version of “Can I Get Open.” By 1994, he was releasing his debut album with the help of his business partner and co-producer, Damon Dash.
Reasonable Doubt was received well by fans and critics alike and helped encourage Jay-Z to form his own record label to ensure the most profits from his work. Roc-A-Fella records was created in 1996, but in 1997 the rapper chose to sing to Def Jam Recordings to release his second album, In My Lifetime Vol. 1.
A year later, he released his third and arguably most well-known album Vol. 2…Hard Knock Life. Jay-Z was declared a rap phenom, winning his first Grammy Award shortly after, and the rest is really history.
How Much Has Jay-Z Made From His Business Ventures?
Jay-Z became an avid businessman after his explosion in the rap world. After settling down with his wife, Beyoncé, the rapper began looking into ways to expand his net worth outside of rapping.
Staying inside the world of music, he submitted a bid to purchase the Scandinavian streaming service Tidal for $60 million in 2015. Currently, his stake in the music streaming service, which he launched with the help of other music innovators such as Kanye West and Calvin Harris, is valued at around $100 million.
Read Related Also: Ronnie Wood is all smiles with ex Jo and new wife Sally during swanky family outing | Celebrity News | Showbiz & TV
Forbes also estimates that Jay-Z has over $200 million in investments, which includes stocks, NFTS, and any cryptocurrency he might have. Warren Buffett commended Jay-Z’s business ethic and investment strategies when talking with Forbes in 2010.
“Jay is teaching in a lot bigger classroom than I’ll ever teach in. For a young person growing up, he’s the guy to learn from,” said Warren to Forbes.
Jay-Z took to Kevin Hart’s podcast in 2022 to talk about how he decides what he will versus won’t invest in, especially when friends and family urge him to invest in their businesses. “I try to explain to them that it doesn’t work that way, money is not just given away, and no one just gives you opportunities. If it sounds too good to be true, it probably is,” said Jay-Z on the podcast.
One thing that Jay-Z doesn’t see as a bad investment is fine art. The rapper has an insanely impressive art collection, with many of the pieces belonging to iconic Black artists such as Basquiat.
According to Forbes, his collection is worth $70 million. He’s been known to rap about his obsession with fine art, specifically in his song “Picasso Baby,” he drops the line “Basquiat in my kitchen corner,” which many fans believe is a true statement. One of his most notable art purchases was Basquiat’s “Mecca,” which he purchased in 2013 for $4.5 million. “Jay-Z helped educate millions of hip-hop fans mentioning Jean-Michel,” said Fab 5 Freddy to Forbes.
He’s made over $310 million thanks to his investment in the champagne Armand de Brignac. The “Ace Of Spades” bottles sell on average for $300 and were first featured in the rapper’s 2005 music video for “Show Me What You Got.” According to Forbes, when he shouted out the brand during his verse in Meek Mill’s song “What’s Free,” he put a half-billion-dollar value on the champagne.
How Much Has Jay-Z Made From His Real Estate Investments?
According to Forbes, Jay-Z’s real estate investments total around $50 million. He owns a Tribeca penthouse for which he paid $6.85 million in 2004. The penthouse is in a converted 1929 brick warehouse on the seventh floor.
According to Architectural Digest, the apartment measures 8,000 square feet and has an additional 3,000 square feet on the outdoor terraces. Jay-Z and his wife, Beyoncé, were actually married at the penthouse, holding their private 40-person wedding on the terrace. According to online sources, the couple had over 70,000 dendrobium orchids flown in from Thailand for the wedding.
Throughout his life, he’s flipped quite a few pieces of real estate as well. Shortly after he and Beyoncé were married in 2004, they purchased a $9 million home in Miami. Some of their famous neighbors included Julio Iglesias and Adriana Lima. According to AD, the pair sold the home six years later for $9.3 million.
It took the couple a while to find homes suitable enough to raise their family in. They purchased a home in New Orleans, an impressive 13,300-square-foot mansion built in 1920, but have never called it home.
They rented a few houses in California and The Hamptons, but it wouldn’t be until after he and Beyoncé welcomed their twins in 2017 that the pair would find their forever homes. They purchased two homes – a $26 million East Hampton mansion and an $88 million Bel Air estate, which are said to be where they reside most of the time.
