What is Jay-Z net worth? how did he become so successful? Here’s what we’ve compiled from his deals, endorsements, investment and music.
Shawn Corey Carter popularly referred to as Jay-Z is an American Rapper, music producer and
Businessman. 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. He has been nominated for various top awards but presently boasts of 22 Grammy awards.
Jay-Z Net Worth
|Net Worth||$1 Billion|
|Sources of Income||Rapping/ Investments|
|Date of Birth||December 4, 1969|
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 neighbourhood 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 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 finally in partnership 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. He has sold over 100 million records worldwide and is currently the richest and one of the most successful hip-hop stars in the world.
How did Jay-Z amass such wealth?
As of 2019, Jay-Z’s net worth is estimated $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 catalogue. He also has investments in real estates.
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.
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’