Several factors are responsible for the rise in Jay Z’s net worth. Earlier this year, the rapper sold a majority stake in his music streaming service Tidal to Square, a company founded by ex-Twitter CEO Jack Dorsey. Moreover, he is now a co-owner of the Brooklyn Nets NBA team. Moreover, Jay Z’s investments are also increasing, as he has invested in several high-end real estate companies and casinos.
Jay-Z’s net worth is largely derived from his business ventures. His 15 platinum albums are testament to this fact, but he also owns Roc-A-Fella Records and Rocawear Clothing, which he sold for $204 million in 2007.
The rapper’s first attempts at a billion-dollar net worth started shortly after his 2014 marriage to Beyonce. At that time, Jay-Z and Beyonce alone brought $600 million to the table. But, when the two married in 2014, they were nowhere near the billion-dollar mark. Since then, however, he has continued to add to his net worth and is on his way to becoming hip-hop’s first billionaire.
Jay-Z’s income has been steadily increasing, and he has recently signed a $150 million deal with Live Nation. The rapper also owns Def Jam Records, and co-owns the 40/40 nightclubs in New York, Chicago, and Atlantic City. He also owns the Budweiser Select beer brand. The rapper’s net worth will continue to rise in the years to come. However, it is not yet clear if the rapper will retire soon.
The artist’s estimated net worth in 2021 is $1 billion. He has been married to Beyonce for almost three decades, and their combined net worth is nearly two billion dollars. During the past decade, the rapper has also invested heavily in real estate, stock, and a variety of other businesses. Jay-Z’s net worth in 2021 is set to surpass Beyonce’s at the end of the decade.
As of June 2017, Jay-Z has multiple investments and assets worth over $100 million. His real estate portfolio includes a $88 million property in Bel Air, California, a $6.8 million penthouse in New York, a $26 million mansion in East Hampton, and a $2.6 million mansion in New Orleans. In addition to his real estate holdings, Jay-Z also has a vast musical catalog worth around $100 million.