*Not By Music Alone
*Invested In Uber, Others
Shawn Carter, better known as Jay-Z and the husband of Beyoncé, not only climbed to the top of his professional career but also managed to amass an extraordinary fortune, becoming the richest musician in the world.
Below are the details of his empire and how he built it.
The Making Of Jay-Z’s Fortune
According to Forbes, Jay-Z’s wealth has reached an estimated $2.5 billion, the result of years of strategic decisions and savvy business ventures in addition to his musical success.
His journey led him to become hip-hop’s first billionaire in 2019 –a historic milestone for the genre.
A key factor behind the rapper’s success has been diversification—his vision to invest across multiple industries.
For instance, he founded Roc Nation, an entertainment agency spanning music, sports, and talent management.
His stake in luxury brands has also generated substantial income. In 2021, he sold 50% of his champagne label Armand de Brignac, better known as Ace of Spades, to the LVMH conglomerate.
Two years later, in 2023, he sold a large portion of his ownership in the cognac brand D’Ussé to Bacardi, further boosting his fortune significantly.
Jay-Z’s entrepreneurial vision also extended to technology and fashion. In 2015, he acquired the music-streaming platform Tidal for $56 million, invested in Uber, and built an impressive collection of contemporary art, among many other ventures.
PHOTO CAPTION: Jay-Z, with hand around Beyonce’s neck.
