Jay-Z Is Now a $2.5 Billion Business, Man
Jay-Z’s net worth has soared to $2.5 billion, according to a new Forbes report published Friday.
While the report is slim on details, it notes that the fortune of the man born Shawn Carter 53 years ago reaches far beyond music.
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“Even in a year without a tour or album release, Jay-Z mints millions from his Armand de Brignac champagne and D’Usse cognac,” it says. “The Brooklyn-born rapper was crowned hip-hop’s first billionaire by Forbes in 2019, thanks to a sprawling and diversified empire,” noting assets from his Roc Nation entertainment and sports empire to a fine-art collection including works by Jean-Michel Basquiat.
Last month, Jay not only performed “God Did” at the Grammy Awards with DJ Khaled, Lil Wayne, Rick Ross, John Legend, and Fridayy, he resolved a months-long legal battle with Barcardi over his D’ussé Cognac brand that saw the beverage giant acquiring a majority stake reportedly worth about $750 million — which was a key factor in boosting his net worth — while Jay retains a “significant ownership stake,” according to a press release.
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 $1.5 billion last fall, according to a list compiled by former Forbes editor Zack O’Malley Greenburg.
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