Jay-Z and How He Became a Billionaire
Posted by Onassis Krown on
Jay-Z's Music & Roc Nation
Jay-Z is an iconic rapper who is known not only as a massive celebrity but as the husband of Beyoncé Knowles. The couple have three young children together and have built an empire that is unlike anything else in pop culture today including music, fashion, night clubs, alcohol, technology and more.
While Knowles is often referred to as “Queen B,” Jay-Z is no slouch either, especially when it comes to finances. In fact, as one of the most influential businessmen in the world, Jay-Z and his investments have made headlines many times over the years — providing inspiration and motivation for fans of all ages and aspirations.
The History of Jay-Z
Jay-Z was born Shawn Corey Carter in 1969. Raised in New York City, primarily by his mother, Jay-Z was drawn to music and poetry from a very early age. He started writing songs and performing freestyle raps around his community, which eventually earned him recognition from producers and record label executives.
By the early ’90s, Jay-Z had started selling CDs out of his car, and in 1996, he released his debut album, Reasonable Doubt.
The young artist’s first album earned him widespread critical acclaim, and he quickly became a star. The rapper has since released 12 albums, including The Blueprint, The Black Album, American Gangster, and Everything is Love.
He has been hailed as one of the greatest rappers of all time, a lyrical genius with a special flair for verse and vocal styling. The rapper has worked with nearly every big name in the music industry and counts superstars like Kanye West as among his proteges.
What is Jay-Z's Net Worth?
A 2019 report from Insider breaks down where Jay-Z’s wealth comes from — and as it turns out, the rapper and business mogul counts on multiple revenue streams to make up his billionaire status. The report details how, early that year, Jay-Z sold a stake in his streaming service Tidal, as well as half of his specialty champagne brand – from these two deals alone, Jay-Z managed to increase his net worth by 40 percent.
With a diversified business portfolio that includes $320 million in Armand de Brignac, his champagne brand, $425 million in cash and investments, $140 million in Roc Nation, $95 million in music catalog, $70 million in art collections, and $50 million in real estate, to name a few, Jay-Z is not only fabulously wealthy but versatile and brilliant as well.
From humble beginnings to incredible success, it seems likely that Jay-Z’s net worth will only increase in the coming years.
How Did Jay-Z Become Successful?
Hova has done quite well. See the article linked for a breakdown. I’ll share some additional strategies to help supplement this, because saying that a person made $300M in say beverages doesn’t really help an overage person much.
Advice from Jay-Z
Here are some steps he, and many others take which are not very catchy headlines:
- Identifying ones talents based on skills, environment, etc. It’s not a coincidence that he pursued music instead of say sports because he could rap. Like many rappers, he hustled on the streets but saw music as a path (legal) forward
- Authenticity: He stayed true to the music even despite the early success, and never alienated his fans. Many music artist get a few bucks, and suddenly they think they are the sh*t. Jay was quite consistent from $1M to $1B. Just go an look at his old videos. He’s a pretty humble guy. Why else would Warren Buffet hang out with him, if he was an A$$whole?
- Choosing a platform: Talent, and skills are not enough if you don’t chose the right platform. For Oprah its TV, JB was YouTube, Jordan and many athletes its Sports, etc. What's yours?
Jay-Z Motivational Quotes
These answers offer just a small glimpse into what it really takes. You don’t have to be a billionaire, but these same principles can be applied to change your life. You must give and take. Ideally, give more and take less. I’ll keep repeating this! Thanks for the continued following, and support!
- Tags: armand de brignac, billionaire, d'usse, jay-z, rap music, real estate, roc nation, tidal
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