Jay Z now worth $2.5 Billion according to Forbes

Shawn “Jay-Z” Carter is now worth $2.5 Billion, according to Forbes, after selling 50% ownership in his alcohol brand.

The Brooklyn-born artist-turned-entrepreneur business empire is one of only a handful of entertainers to become a billionaire and the first hip-hop artist to do so.”

Back in 2019, when Forbes first proclaimed Jay a billionaire, his assets were outlined thus:

Armand de Brignac champagne: $310 million
Cash & investments, including a stake in Uber worth an estimated $70 million: $220 million
D’Ussé cognac: $100 million
Tidal streaming service: $100 million
Roc Nation: $75 million
Music catalog: $75 million
Art collection: $70 million
Real estate: $50 million

That total had climbed to $2.5 billion, according to Fobes. 

In 1996, Jay-Z became a household name when he released his debut album, “Reasonable Doubt,” on his independent label, Roc-A-Fella Records. Since then, the 53-year-old who has rapped about his unconventional rise from Brooklyn street corners to corporate boardrooms has continued to expand his portfolio to include smart investments inside and outside of music.

In 1999, he launched the clothing line Rocawear, which sold for a reported $204 million in 2007 to apparel company Iconix. A year later, Jay-Z launched the entertainment company Roc Nation, which is now worth an estimated $140 million. In 2015, he submitted a bid to purchase the parent company of the Scandinavian streaming service Tidal for a little less than $60 million. In March 2021, Block, then known as Square, agreed to pay $297 million for majority ownership of Tidal.