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.
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Jay-Z is a rapper, music producer, investor, and businessman with a net worth of over $1 billion.
The Breakdown of Jay-Z’s $1Billion Net Worth
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”
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Aside from owning companies, and investing 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.
Jay-Z also owns the iconic liquor brand, the “D’iusse” cognac which is worth US$100 million.
The net worth of Tidal – a music streaming website/app is around US$100 million as of 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 websites/apps.
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 DJs.
US$75 million of Jay-Z’s assets come from his music catalog and that is its worth.
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Jay-Z has collected a lot of famous artworks and also has 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.
The rest of his assets are invested in real estate (homes in Los Angeles, the Hamptons, Tribeca) and stakes in companies like Uber with a total worth of US$50 million.
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Congratulation on reaching the end of the breakdown. You have added a little more knowledge about your favorite artiste, Jay-Z to your “archives“. Thank you for reading!
NB: Some facts and figures were taken from Forbes.com’s world billionaires page.
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Source: CelebritiesBuzzGH | The Breakdown of Jay-Z’s $1Billion Net worth
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