Net Worth $500 million
Jay-Z is a rapper, songwriter and businessman who has a net worth of $500 million. Jay-Z has earned his net worth through his career in the music industry, beginning as co-founder (withDamon Dash and Kareem Biggs) of Roc-A-Fella records, where he began his recording career. In 1996, released his first album, Reasonable Doubt, with Priority Records. It ranked 248 on Rolling Stones 500 Greatest Albums of all Time. After that, he signed with Def Jam and released his next album, “In My Lifetime, Volume 1.” This album had much to do with Jay-Z’s life in his earlier years. It won platinum status. A year later, he released “Volume 2, Hard Knock Life,” which has sold over five million copies and is five times platinum. With continued success, Jay-Z’s net worth is expected to reach $1 billion or more within his lifetime. A truly incredible achievement for any celebrity. Here are the facts:
Clothing: Jay sold Rocaware clothing, which he co-founded, for $204 million back in 2007. If Rocaware met certain performance milestones he could pull down an additional $35 million in Iconix (the buyer) stock.
Records: Every single album he’s ever released (over 15) have gone platinum.
Endorsements: Chevy, Budweiser, Armadale Vodka, Hewlett Packard
Concerts: His recent deal with Live Nation is reportedly worth $150 million
Miscellaneous: Jay’s ownership stake in the New Jersey Nets, Arsenal Football Club, 40/40 nighclubs, Def Jam Records