Jay-Z's Net-Worth Rises By 40% To $1.4 Billion

Prolific rapper, Shawn Carter, who we all know as Jay-Z, has witnessed a rise of 40% in total net worth recently.

According to value estimation by Forbes, The Hip-Hop star is no worth an estimated $1.4 billion from the $1 billion he was worth only about 2 weeks ago following his brand deals with Square and LMVH. 

In the past weeks, the rapper has proven to be a force to be reckoned with in the business world as he sealed two major deals - one, the sale of Tidal, his music streaming site to financial service company Square for $450 million, and two; the sale of half of his popular champagne brand Armand de Brignac(Ace of Spades) to luxury brand Moët Hennessy Louis Vuitton (LMVH) in a deal that out the value of the company at about $640 million.

The 51-year-old now sits on a fortune of $1.4 billion, making him one of the richest entertainers, and the first hip-hop artist to ever achieve the billionaire feat. His portfolio is extensive, covering nearly everything, from real estate to liquor, to stakes in companies and even art.

Liquor

The rapper still owns half of his champagne company, Ace On Spades, which is worth $320 million. 

Another liquor company he has ties with is Bacardi, which helped him launch his cognac, D'Usse in 2012. Despite retailing for just about $30, fifty rare bottles were put up at auction site, Sotheby's, for prices ranging from $24,000 to $75,000 each. All in all, the cognac brand is worth about $120 million. 

Company Stakes

Jay-Z has numerous investments reportedly worth approximately $760 million, including stakes in Uber as well as a small percentage of Square. Other companies he's invested in include Sweetgreen, a salad chain company, space exploration company SpaceX, and Ethos, an insurance startup. Oatly, an oatmeal company he invested an undisclosed amount in last year(June 2020) is set to IPO this year at a $10 billion valuation.

Roc Nation

In 2008, Jay-Z partnered with Live Nation to form Roc Nation, an entertainment company, which is home to some of the biggest names in the entertainment world including music stars Rihanna and Alicia Keys, and athlete Kyrie Irving. 

The entertainment company is also responsible for the popular Super Bowl Halftime Show, and the Made In American music festival. He has made a total of about $140 million in sales from Roc Nation.

Real Estate

The rapper and his wife, Beyoncé, bought two houses, an $88 million Bel Air mansion and a $26 million East Hamptons spread in 2018. He also still owns a penthouse apartment in Tribeca which he bought for $6.85 million in 2004.

Music

With publishing rights and master recordings to all his music, Jay-Z has about $95 million from his rich musical career. The rap star has over 300 songs which are currently worth $20 million now than they were years ago.

He also owns an admirable art collection with pieces from Jean-Michel Basquiat worth $4.5 million, and other artists like David Hammond, Richard Prince, and Damian Hirst.