In addition to being one of the wealthiest people in the world, Jay-Z is also one of the wealthiest rappers. Shawn Corey Carter started out selling drugs in Brooklyn’s Marcy Houses projects and is now selling out stadiums with his wife Beyoncé. Here you will read Jay- Z net worth, career, personal life and other details. So start reading to know more:
But his savvy isn’t limited to the mic. Jay-Z has amassed an estimated net worth of over $1 billion thanks to his shrewd business dealings and partnerships (yep, billion with a b). Find out how he became so wealthy and what he plans to do with his fortune.
Jay-Z Early Years
In the year 1969 on December 4th, New York City’s Brooklyn was the site of the birth of Shawn Corey Carter. His childhood was spent in the Marcy Houses public housing complex in Bedford-Stuyvesant, Brooklyn. His mother, Gloria Carter, raised Jay-Z and his three siblings after their father, Adnis Reeves, left the family.
Soon before his death in 2003, Reeves reconciled with Jay-Z. Jay-Z says in his songs that he shot his older brother in the shoulder for stealing his jewelry when he was just 12 years old, in 1982. He and rapper AZ both went to the now-defunct Eli Whitney High School in Brooklyn.
The Notorious B.I.G. and Busta Rhymes were classmates of his at George Westinghouse Career and Technical Education High School, and he later spent some time at Trenton Central High School in New Jersey, where he did not complete his education. There is evidence from interviews and songs that he sold crack cocaine and was shot three times during this time.
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Jay-Z Career in Music
After being rejected by all the major record labels, Jay-Z started his own independent label, Roc-A-Fella Records, in 1995 with Damon “Dame” Dash and Kareem “Biggs” Burke. Jay-first Z’s album, Reasonable Doubt, was released in 1996 after he signed a distribution deal with Priority.
It featured production from notable names like DJ Premier and Super DJ Clark Kent, as well as a guest spot from The Notorious B.I.G. The album peaked at position #23 on the Billboard 200 and received mostly positive reviews. A few years later, this album would go platinum and rank at #248 on Rolling Stone’s list of the 500 greatest albums of all time.
Jay-Z Careers in Business
Jay-Z promoted his S. Carter Collection with an appearance in a 2003 ad campaign for Reebok. Jay-Z is well-known not only for his musical success, but also for his business acumen, which has helped him build an empire that includes apparel, beverages, real estate, sports franchises, and record labels.
He explained in an interview that “Everything I put my name on is a part of me. My friends are close by. Unlike being in charge of General Motors, where no feelings are involved.” Rocawear was co-founded by Jay-Z and Damon Dash, two prominent figures in the hip-hop and entertainment industries.
Rocawear is a brand that offers clothing and accessories for the whole family. After Jay-Z and Dash had a falling out in early 2006, Jay-Z took over the line. Jay-Z sold the Rocawear company to Iconix Brand Group for $204 million in March 2007. He has not sold his share of the company and remains in charge of advertising, licensing, and new product development.
In addition, he is a co-owner of the 40/40 Club, a high-end sports bar with locations in New York, Atlantic City, and Chicago. There was a steady decline in business at the 40/40 Club in Las Vegas, leading to its closure and subsequent purchase by the hotel in 2008. Jay-Z started investing in Carol’s Daughter, a company that makes cosmetics, in 2005. The company’s products include things like shampoo and lotion for your hair, skin, and hands. He sold his share of the Barclays Center for $1.5 million in September 2013.
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Jay-Z’s Personal Life
On the 2002 track “03 Bonnie & Clyde,” which featured both Jay-Z and Beyoncé, the two artists worked together. Beyoncé’s “Crazy in Love” and “That’s How You Like It” from her Dangerously in Love album both feature him. He contributed to the smash singles “Déjà Vu” and “Upgrade U” from her second album B’Day.
The latter song’s music video features her humorously mimicking his physical traits. They avoided public scrutiny during their courtship and tied the knot on April 4, 2008. While news of their relationship first broke on April 22, 2008, Beyoncé did not show off the wedding band she had commissioned from jewelry designer Lorraine Schwartz for $5 million until the Fashion Rocks concert on September 5, 2008. They pay $88 million for their home in Bel Air, California. They don’t “play with [their] relationship,” as Jay-Z put it in a People article, and Beyoncé has said she thinks it’s better that way.
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Jay-Z Legal Issues
At the album release party for Q-Amplified Tip at the Kit Kat Klub in New York City’s Times Square on December 1, 1999, Jay-Z stabbed record executive Lance “Un” Rivera, whom he suspected of being responsible for the bootlegging of Vol. 3… Jay-partygoers Z’s were said to have caused a commotion inside the club, which the rapper used as cover to allegedly stab Rivera in the stomach with a five-inch (127 mm) blade.
In the evening, he turned himself in to the police and was arrested; however, he was later released on $50,000 bail. After being indicted in late January 2000, he entered a not guilty plea in Manhattan Criminal Court, saying he had witnesses and videotapes showing he was not near Rivera at the time of the alleged crime. Later, however, he admitted guilt for the lesser charge of third-degree assault and agreed to three years of probation.
Jay-Z’s Net Worth
As of June 14th, 2022, Forbes reports that Jay-net Z’s worth is $1.3 billion. Beyoncé estimated net worth is $500 million, making her husband’s fortune roughly $800 million. Yet, the enhancements she makes to his product? Priceless!
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