Jay Z Net Worth (2020)

Jay Z Net Worth (2020)

Jay Z's Net Worth

What is Jay Z's net worth?

He is considered one of the greatest rappers of all-time. Jay Z is a top ranker on the richest rappers in the world and is now second after being overtaken by Kanye West .

Jay Z also makes it on our list of richest black people in the world. The 50 years old rapper who is from Brooklyn in New York has lots of investments which is one of the main source that gave him such a huge net worth of $1 billion.

Early Life

On December 4, 1969 Shawn Corey Carter was born in the Brooklyn borough of New York City. Jay Z and his other siblings were raided by their mother ,Gloria Carter after their Dad left them.

He obviously had it rough while growing up. At the age of 12, Jay shot his older brother in the shoulder after he stole his jewelry. The young Jay Z sold crack cocaine and was shot three times as indicated by him in his interviews and lyrics.

Jay Z freestyled and wrote lyrics when his mom bought a boombox for him due to his sparking music interest. Rapper Jaz-O mentored him as he was still rising and embroiled in several battles with rapper LL Cool J in the early 1990s.

Career

Jay Z sold CDs out of his car before creating an independent record label Roc-A-Fella records in 1995 with Damon "Dame" Dash and Kareem "Biggs" Burke. In 1996, he released his debut album "Reasonable Doubt" which reached number 23 on Billboard 200 and gathered lots of favors from critics.

So far, Jay Z has released 13 studio albums including his debuts and others like The Black Album, American Gangster, 4:44 etc.

Jay-Z and Kanye West worked together to release the collaborative album in 2011 "Watch the Throne". The two did the same together with Jay Z's wife Beyonce to release "Everything is Love" in 2018.

He became the first Hip Hop billionaire in June 2019. Jay Z is a very successful businessman owning lots of companies and investments. He founded Rocawear in 1999 and founded the 40/40 club in 2003. He is also the owner of the entertainment company Roc Nation which he founded in 2008.

Jay Z in 2015 bought the tech company Aspiro and tool charge of their media steaming service, Tidal. Selling over 50 million albums and 75 million singles worldwide becoming one of the bestselling musicians in the world.

He has been associated with acts like Jaz-O, Rihanna, Lil Wayne, Rick Ross, P Diddy, J Cole, Eminem and Justin Timberlake. In 2014, Jay Z $200 million in Armand de Brignac champagne for a 100% stake.

Jay Z has won a total of 22 Grammy Awards which is the most to be won by a  rapper and holds the record for the most number one albums by a solo artist on the Billboard 200 with 14 albums.

How Much is Jay Z's Net Worth?

As of 2020, Jay Z's net worth is estimated at $1 billion. He is one of the richest musicians in the world and became the first rapper to be honored into the songwriters Hall of Fame in 2017.

Most Expensive Things Owned By Jay Z

1) $88 million Bel Air Compound

$88 million Bel Air compound

He purchased a compound in Bel Air for an estimated $88 million. The 30,000 square feet home has 11 bathrooms and 8 bedrooms. The outside is another 10,000 square feet housing four swimming pools, a full basketball court and a 15-car garage.

2) $26 million East Hampton House

$26 million East Hampton house

A whooping $26 million was spent to purchase this mansion. The 12,000 square feet estate features seven and a half bathrooms and seven bedrooms. The guest house of the mansion includes two bedrooms, a complete kitchen and a bathroom.

3) $20 million Private island

$20 million private island

This was one of the gifts Beyonce got for her 29th birthday. Jay Z spent $20 million on the 2.5 acres a few miles off the coast of Florida.

4) $5 million Engagement Ring

$5 million engagement ring

It was rumored that Jay Z bought a $5 million emgagemt ring for the Pop queen. The jewelry was designed by Lorraine Schwartz. It is an 18-carat flawless Emerald cut diamond.

5) $2.5 million Richard Mille


Jay Z has a custom-made sapphire Richard Mille watch. It reportedly took 3000 hours to make the case on the watch. This watch is the most expensive Richard Mille ever made and pays homage to Jay Z's 2001 album "The Blue Print".


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