Jay-Z Net Worth – Life and Career

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Jay-Z’s net worth in 2020 – Here’s how the billionaire Rapper amasses his wealth.  Discover Jay-Z net worth, his life, career, relationship, and biography.

Shawn Corey Carter popularly referred to as Jay-Z is an American rapper, music producer and Businessman.

Jay-Z Net Worth
Image credit: Getty-images

He is regarded by many to be among the best rapper of all time due to his success rate and style of rap. Jay-Z has sold over 100 million records worldwide.

Jay-Z has been nominated for various top awards but presently boasts of 22 Grammy awards. As of today. Jay-Z has a net worth of $1 Billion.

Early Life

Jay-Z was Born as Shawn Corey Carter on December 4, 1969, in Brooklyn, New York. He was the youngest of four children. His dad Adnis Reeves abandoned the family leaving his mom Gloria Carter the responsibility of catering for their upbringing.

He grew up in Brooklyn Marcy Project an area known for drugs and other negative vices. His neighborhood exposed him to some negative influences as he once agreed to have dealt in drugs at a young age and was shot thrice in his shoulder.

Pertaining to his education, he attended George Washington Career and Technical Education High School which was a stone throw to his house. Busta Rhymes and Notorious B.I.G were also students of his school. From there he moved to Central High School in Trenton, New Jersey.

On one of his birthdays, his mom got him a boom box as a gift. This gift ignited his interest in music and he got engaged in writing lyrics and freestyling. In 1989, he met Jaz-O who mentored him on the rudiments and skills needed as a rapper and out of love and respect for him, he took on the stage name Jay-Z. As of July 2019, he signed his mentor Jaz-O to Roc Nation

Jay-Z Net Worth, Jay-Z
Image credit: Forbes


Jay-Z was a relatively unknown name at the beginning of his career as he wasn’t signed to any music label. He tried on his own to sell his CDs but partner with Kareem Burke and Damon Dash created their own record label, ‘Roc-A-Fella Records’.

With a record label and a distributor’ Priority’, he released his first album ‘Reasonable Doubt’ in 1996.

He decided to raise the bars higher when in 1998 he released another album ‘Vol.2…Hard Knock Life’ which was a major hit. He has since then continued releasing more albums that have been successful.

Jay-Z has sold over 100 million records worldwide and is currently the richest and one of the most successful hip-hop stars in the world.

Jay-Z Net Worth and Earnings

As of 2020, Jay-Z net worth is estimated at $1 billion, he has attained wealth that most artists dream of attaining. Apart from music, he also invests his money properly. He has stakes in companies such as Uber, Armand de Brignac, Tidal, Roc Nation, and Music catalog. He also has investments in real estate.

He is married to popular artist Beyonce. They are known as the power couples in the music industry with a combined net worth of over $1.5 billion.

Net Worth $1 Billion
Sources of Income Rapping/ Investments
Date of BirthDecember 4, 1969
Age 49
CitizenshipUnited States

Awards & Recognition

Jay-Z has won so many awards but below are few of the awards he has gotten;

  • -1998: Billboard Music Award, ‘R&B Artist of the Year’
  • -1998: Billboard Music Award, ‘Rap Artist of the Year’
  • -2001,2004: BET Awards: ‘Best Male Hip-Hop Artist’
  • -2005: Grammy Awards, ‘Best Rap Solo Performance’
  • -2009: BET Hip-Hop Awards, ‘Lyricist of the Year’

ALSO READ: Leonardo DiCaprio Net Worth And Salary

Now you know all about Jay-Z net worth, and how he achieved success; What are some of the best lessons you’ve learned from Jay-Z?


About Author

Azoka Theo is the Co-Founder of Porumba. Theo is an Entrepreneur, Author, Blogger & Digital Nomad.