Who would have thought Sean “Jay-Z” Carter’s 1998 album “Hard Knock Life” would be a stepping stone to billionaire status?
Jay-Z, Hip-first Hop’s billionaire, is still growing, Forbes believes, to $2.5 billion.
The great musician from New York is well-known. From his early days with Roc-A-Fella Records to Roc Nation, Jay-Z has been honoured for his musical talents, leading Billboard to name him the greatest rapper of all time.
His influence on Hip-Hop and culture is undisputed, regardless of opinion. Warren Buffet added, “For a young person growing up, he’s the guy to learn from.”
Jay-Z is a successful businessman. In 2021, CNBC reported that he invested in Uber and sold TIDAL and Roc-A-Wear for $300 million.
AfroTech reported on his Marcy Venture Partners investments. “This venture capital firm has invested in 24 firms — 11 of which are designated ‘diversity investments.’ The term ‘diversity investments’ includes women-owned companies, Latinx-owned companies, and Black-owned companies,” we noted at the time. Crunchbase has 45 Marcy Venture Partners investments, 11 of which are “lead” and 23 are “diverse.”
With Jay-revised Z’s nett worth, let’s examine his movements.
Jay-Z hasn’t toured or released an album in years, yet he’s still influential. The millionaire runs Roc Nation, which manages Rihanna, Alicia Keys, and J. Cole.
Roc Nation goes beyond music. LaMelo Ball, Danny Green, and Jalen Rose play sports there.
Jay-Z remains in his $200 million 10-year Live Nation contract despite not touring. Benzinga says Jay-Z is a major modern artist. He has “Mecca” by Jean-Michel Basquiat.
Jay-Z owns Armand de Brignac Champagne and D’Usse cognac.
AfroTech stated that Jay-Z sold most of his cognac brand stake to Bacardi in a renewed collaboration.