The first-ever rapper to become a billionaire, also record producer, songwriter, and businessman, and media proprietary, Jay-Z’s net worth is $1.3 billion as of December, 2023.
One of the most influential hip-hop artists in history is also best known for being the CEO of Def Jam Records and the founder of Roc-A-Fella records. These two record labels have discovered major artists such as Rick Ross and Rihanna.
Jay-Z is one of the bestselling artists in the music industry. Having sold more than 50 million albums and 75 million singles globally, Jay-Z has won 23 Grammys awards which is the most by a rapper.
He also maintains the record of most number-one albums by a solo artist on the billboard 200 with a total of 14.
He is also ranked as one of the 100 greatest music artists of all time by Billboard and Rolling Stone.
Jay-Z became the first rapper to be inducted into the Songwriters Hall of Fame in 2017, followed by “Salute to Industry Icons awards” at the 60th Grammy Awards in 2018.
He is the first official rapper billionaire who is also considered one of the wealthiest African-Americans and the well-off American musician at the time.
Besides music, Mr. Jay is equally successful in his career as a businessman.
He founded the clothing retailer Rocawear in 1999. Similarly, in 2003 Jay-Z started the luxury sports bar chain named 40/40 club. Both the business went on being multi-million dollars corporations.
Originally, Shawn Corey Carter, Jay-Z was born on December 4th, 1969, in Brooklyn, New York, USA.
His father, Adnis Reeves, abandoned the family, so his mother, Gloria Carter, had to take care of Shawn and his three siblings.
He was raised in Marcy Houses, a housing project in Brooklyn’s Bedford-Stuyvesant neighborhood.
His father would later meet and reunite with Jay-Z shortly before dying in 2003.
Shawn went to ELI Whitney High School along with rapper AZ in Brooklyn until it was closed.
Jay-Z met the fellow rappers The Notorious B.I.G and Busta Rhymes while in George Westinghouse Career and Technical Education High School though de did not graduate.
He started freestyling and writing lyrics when his mother bought him a boom box sparkling his interest in music. He was well known as “Jazzy” around the neighborhood.
Out of respect to his mentor, he adopted the stage name “Jay-Z.”
|Full Name||Shawn Corey Carter|
|Nick Name||JAY-Z, Jazzy, Hova, Iceberg Slim, Jigga|
|Date of Birth||4 December 1969|
|Birth Country||United States|
|Home Country||United States|
|Residence||Los Angeles, United States|
|Father’s Name||Andis Reeves|
|Mother’s Name||Gloria Carter|
|Siblings||Eric Carter, Michelle Carter, Andrea Carter|
|Age||53 years old|
|Height||6 feet 2 inches (1.88m)|
|Weight||83 Kg (183 lbs.)|
|Body Measurements||Chest- 44 inches
Waist- 36 inches
Biceps- 14 inches
|Brand Endorsement||Audemars Piguet, Budweiser, Chrysler, Duracell|
|School||ELI Whitney High School, George Westinghouse Career and Technical Education High School|
|Qualification||High School Undergraduate|
|Children||Blur IV Carter, Rumi Carter, Sir Carter|
|Profession||Rapper, Songwriter, Businessman, Venture Capitalist|
|Record Label||Def Jam, Roc-A-Fella Records|
|Years active||1994- present|
|Awards||23 Grammys out of 80 nominations|
|Net Worth||$1.3 Billion|
|Social Media||Twitter, Facebook|
|Last Update||December, 2023|
Net Worth and Income
Jay-Z, the first billionaire rapper globally, has a net worth of $1.53 Billion.
He officially became a billionaire in June 2019.
With a vast business empire that includes record sales, touring, endorsements, and merchandise, he is one of the moneyed singers in history.
Jay-Z had a total net worth of $300 million back in 2009. By September 2012, that jumped to $475 million and eventually grossed the $500 million mark in 2013.
Similarly, in 2015 his total net worth went on to be $600 million.
His net worth skyrocketed between 2015 to 2019. All thanks to his lucrative deals, which made him cross $930 million marks in 2019, and by June 2019, his net worth was over a billion dollars.
His net worth tops at $1.53 billion.
JAY-Z net worth over the years
Just by striking a single deal, Jay-Z bumped his wealth by 40% in 2021.
The music streaming service named “Tidal,” owned by the rapper and some other big names in the industry, including Rihanna, Daft Punk, and Madonna was sold recently for $302 million to Jack Dorsey mobile payment company.
Jazzy acquired the company back in 2015 for $56 million.
Similarly, Jay-Z also sold 50% of his Armand de Brignac champagne brand to LMVH for $640 million.
Forbes estimated that the rapper has $425 million in liquid cash and shares, including shares in SpaceX, Uber, Sweetgreen, and Ethos.
As for his music income in 2021 has earned $27.6 million from touring, $1.7 million from album sales, $2.9 million from digital streaming, with a total of $32.5 million so far.
JAY-Z pockets cool $3 million per show, unlike other players in the industry who play for thousands.
Reportedly, the power couple tour “On the Run” alone bagged $84 million in total, which included $4 million per show and independent ticket sales.
Furthermore, in 2017 his 4:44 tour earned him $48.7 million. Moreover, his 2020 tour made him a staggering $51.42 million.
In terms of featured songs, JAY-Z bags around $1.5 million though it wholly depends on the time he invests in the song. Because for JAY-Z time, his money.
Net Worth of JAY-Z in Different Currencies
Let’s have a look into JAY-Z’s net worth in different currencies as of December, 2023.
|Pound Sterling||£ 1,106,690,922|
|Australian Dollar||A$ 2,033,021,160|
|Canadian Dollar||C$ 1,885,288,950|
|Indian Rupee||₹ 114,375,226,500|
JAY-Z Houses, Cars, Jets, and Watches
The power couple owns multiple multi-million dollars mansions in different cities.
But before JAY-Z was the biggest name in the hip hop industry, he grew up in Brooklyn’s Marcy houses which was a pretty rough area to grow up in.
However, his wife Beyonce grew up living in a pretty comfortable area in Houston, Texas.
Enough with past talks. Let’s go ahead and list out the houses of the power couples.
Indian Creek Village, Miami, Florida
One of the highest-earning power couples of Hollywood, JAY-Z and Beyonce Knowles, owned a massive mansion in Indian Creek Island, Florida. The mansion was built in 1991.
The house was built on 7,888 square feet with 7 bedrooms, 8 full and two half bathrooms, a pool, and a tile roof. But the couple didn’t stay here too long. They sold it for $9.3 million in 2010.
The power couple also owns a property in Beyonce’s home town Houston, Texas, but reportedly they purchased the property for Beyonce’s mother.
They spent a cool $6 million on the place.
Scarsdale home, Westchester County, New York, United States.
The couple repurchased this home in 2008, a few days before they tied their knots.
The property boasts 15,000 square feet of living space on two-acre of land. The house was reconstructed before the couple moved to this house.
Church, New Orleans
JAY-Z purchased the historic church in 2015 in the Garden District of New Orleans, which was later converted to a mansion. The church was originally built in 1925.
The mansion is 13,000 square feet and has four living spaces, including the main house and three smaller apartments. The mansion boasts 22 rooms in total, including seven bedrooms and eight bathrooms.
Not to mention the house has 26-foot ceilings.
Penthouse, New York City
The couple purchased this penthouse back in 2004 in the Tribeca area. The penthouse served as a primary residence for the couple for quite some time.
They threw over $6.8 million for this 8000 square feet apartment, which occupies the entire seventh floor of the building.
The very penthouse also served as the wedding hall for the power couple. They tied the knots back in 2008 in a private ceremony of around 30 guests on this condo.
Condo, New York City
The couple sold the New York City condo back in 2017, which used to house guests and visitors. The apartment was 2,669 square feet and featured three bedrooms with attached bathrooms.
The condo had a high 11-foot ceiling. Reportedly they sold the condo for less than 10 million.
After renting a vacation home in Hamptons multiple times, paying $4-500k per month, the couple finally decided to throw some cash on a mansion purchase.
Jay-Z and Beyonce found a perfect family house which cost them $26 million.
Pond House, Hamptons
The mansion sits on 2 acres of land. The main house has seven bedrooms and nine bathrooms.
The property also features 1800 square feet of the guest cottage, which offers two bedrooms, one bathroom, a living room, and a kitchen.
Outside of the mansion boasts an infinity pool on the pond side as well as an outdoor grilling area.
Bel-Air Mansion, Los Angeles, California
The power couple paid around $120 million or at least offered that much for this mansion though the asking price was $135 million.
But in the end, they got an off-market deal which came out at approximately $88 million. The price they paid was the sixth-highest price ever paid for a single-family home in LA.
As we all know the area is really famous among celebrities.
The $88 million house boasts 30,000 square feet of living space along with eight bedrooms and eight bathrooms.
It sits on two hillside acres of land and is kept totally private behind a gigantic iron gate.
Architect Paul MacLean designed the mansion.
The three-story mansion has a giant circular staircase. A rather interesting feature of the house includes the bulletproof floor-to-ceiling windows throughout the house, which can be opened with a touch of a button.
Also, there are four pools, a 15 car garage, a full-size basketball court, a spa, and a helipad.
The power couple is known for owning the sickest pair of wheels in the industry. The collection they have has been estimated to be more than that.
JAY-Z is a fan of big SUVs.
GMC Yukon Denali
This is the concept which JAY_Z designed himself in collaboration with General Motors. He’s got it on his signature Jay-Z blue. The SUV has top-quality paint jobs in existence.
Under the hood, it has a 6.2 Liter V8 engine which pumps 400 horsepower. This limited edition pair of wheels was released in 2007. The cost for the SUV is $42,000.
Pagani Zonda F
Despite his love for SUZs, he also owns a couple of hypercars. This is the sign that Mr. Jazzy known thing or two about cars.
This is one of the hottest models that Pagani has put out. It features an ultra-lightweight carbon fiber chassis, 650 horsepower, and goes from 0-60 in 3.5 seconds.
It has a top speed of 214 miles an hour. There are only 40 units of these cars ever produced to top all off, and it costs around half a million dollars.
Telsa Model S
Tesla stands out to be the only environmentally friendly car amongst its fleet. Despite being an electric car, it can go 0-60 in 2.5 seconds.
It comes with a sticker price of $78,000. The version Jay-Z owns is full of black bodies, including the interior and even the tires.
Bugatti Veyron Grand Sport
To top off all the cars in the garage, Jay-Z owns a whopping $2.4 million. The car was gifted by his superstar wife Beyonce, who had to order it a year prior to Jay-Z’s 41st birthday.
This is a record-breaking fastest street-legal car in the world. It has a top speed of 253 miles per hour. This car can pump 1000 horsepower from its 8.0 liter 16 cylinder engine.
Alpha Romeo Spider
This is probably one of the hottest convertible classics in the world. The power couple was spotted on this car in Italy. In 2016.
This might not be the most powerful whip Jay-Z owns, but it can easily stand out to be the gorgeous car in his fleet. Reportedly he dropped around $1 20,000 for the car.
Rolls Royce Phantom
It comes equipped with 6.75 liters turbocharged V12 engine that pumps over 560 horsepower.
While the Phantom has been in the market for more than 100 years, it still makes any car fanatic drool over its specs and amenities. The car costs over $4 50,000.
It is a cool-looking SUV and the choice of lots of celebrities. Jeep Wrangler is perfect for the weekend out in Los Angeles. It comes equipped with 2.0 liter, which produces 270 horsepower.
It also features an all-wheel drive. The starting price for the car is $30,000, but Jay-Z obviously paid much more than that.
This one used to be the crown jewel of Jay-Z’s collection. Be there in a minute. The car costs over $8 million. The original bat mobile-inspired vehicle has 690 horses under the hood.
It has a top speed of 218 miles an hour. This is considered the most expensive car on the planet and is the only one globally. It was previously owned by fellow rapper Birdman.
Ferrari F430 Spider
This is one of the favorite cars of Jay-Z and costs $2 17,000. This is the top-of-the-line model from the makers. It comes equipped with a V8 engine which generates 343-pound feet of torque.
It can go from 0-60 in 3.6 seconds. This car was only in production for 4 years, which makes it one of the rare cars.
Porsche 911 Carrera cabriolet
Rumor has it he bought exactly the same model for Rihanna. The car comes with a price of $1 16,000.
Rolls Royce Boat Tail
Actually, the $8 million Maybach Excelero is not the priciest car in Jay-Z’s garage.
So what is it? Reportedly the power couple recently purchased a $28 million Rolls Royce Boat Tail.
That’s right, $28 million. Inspired by the previous model Rolls Royce Sweptail this 19 feet nautical-themed cabriolet is equipped with the 6.75-liter V12 engine.
There are four seats in the car and also a carbon-fiber roof that allows it to transform into a sleek coupe.
The most striking features of all are the twin side-opening compartments in the back that house a champagne cooler, a picnic set, cocktail tables, and matching chairs.
The other cars in his collection include the 1957 Chevrolet Corvette $50,000, Chevy Corvette C1 $70,000, Bentley Continental GT, Maybach 62s $5,00,000, Armored SUV $1.25 million, Mercedes Benz Sprinter Limo $1,30,000.
Just like the endless fleet of luxurious and expensive cars, JAY-Z also has an insane collection of rare and expensive timepieces. This might be the quirk of being a billionaire and a superstar wife.
Without further due, let’s dive deeper.
Patek Philippe Grandmaster Chime Ref. 6300G
Get yourself ice-cold water because this watch alone costs a lifetime salary of you and your family $2.2 million.
This particular model is a limited edition with only 6 ever made.
Jaeger-LeCoultre Grande Reverso Ultra-Thin Tribute to 1931 Pink Gold Ref. 2782521
This is probably one of the most elegant pieces in Jay’s collection. This model was a tribute to 1931 and limited to only two variants of steel and pink gold.
Rolex Datejust Perpetual Calendar (One of One Rolex) by Franck Mueller
Reportedly this is one of one the world and was modified by Franck Mueller. It is furnished with a moon phase and a perpetual calendar.
Shawn Carter By Hublot Classic Fusion Black Ceramic
Jay-Z teamed with Hublot to design this Carter timepiece in 2013.
There are just two variants of this watch available, including Ceramic and Yellow Gold, and both are limited to 250 and 100 pieces, respectively.
Audemars Piguet Royal Oak Concept Carbon
This watch has been featured in multiple songs of the rapper and is really famous among celebrities.
The watch is built with a 44mm angular forged carbon case, titanium case-back ring, and black ceramic screw-down crown.
Richard Mille 56 Customized “Blueprint”
By the name itself, it sounds custom-made. Blueprint I, II, III, Blue IV sounds familiar?
It took 3000 person-hours to make the watch and consequently costs a mouthwatering, eye-watering $2.5 million.
The watch has an actual block of sapphire because of what it became the most expensive Richard Mille ever made.
Solid Gold Necklace
Jay-Z has been spotted wearing this necklace in many live shows. This sold gold necklace costs over $2 60,000.
Bombardier Challenger 850
Beyonce gifted this private jet to her adorable husband Jay-Z on the occasion of Father’s day. The stunning-looking plane has a seating capacity for up to fifteen passengers.
The plane comes with a price tag of $40 million. It features a cream leather living room, two bathrooms, and a kitchen.
Lifestyle and Vacations
With a net worth of billion dollars, Jay-Z and his wife and kids live an ultra-luxurious life.
From exchanging multi-million dollars gifts to spend quality time in a nearly $100 million bel air home. The power couple has done it all.
Jay-Z likes to give expensive gifts to his better half. Reportedly he gifted $3 50,000 Birkin handbags from the Hermes boutique shop.
This might not sound insane but check this out; he also stated that he bought a dragon egg prop from HBO’s “Games of Thrones.”
Likewise, at their wedding, Jay-Z bought her a diamond ring worth $5 million.
It gets crazier
The power couple is also known for pampering their kids with expensive gifts.
For instance, when Blue IV Carter turned one in 2013, they bought him a diamond-encrusted Barbie doll worth $80,000, $95,000 worth of roses, $30,000 worth of gifts to party attendees, and to top that $2,400 cake.
Similarly, they bought a gold crib for $1 06,000, $3,600 Versace strollers, Chanel clothing, and $1,200 worth of Burberry diaper bags. Similarly, they spent $2.5 million on diamond pacifiers by Suommo.
Blue IV also got a $6 00,000 solid gold rocking horse.
Besides that, Jay-Z himself enjoys Cohiba Cigars every now and then.
Besides that, Jay-Z likes to read books in his free time. His favorite books include “The Celestine Prophecy” by James Redfield and “The Seat of the Soul” by Gary Zukhay. He also stated that he lives his life according to these two books.
Cannes is really famous among celebrities due to its never-ending list of events. This is a part of French Riveria, which has evolved into a luxury destination. Jay-Z and his wife Beyonce are regular to the place.
The duo also manages a couple of times during their tours. They have been to almost every exotic place planet earth offers, including Hawaii, Italy, Thailand, Rome, Dominican Republic, and many more.
In September 2020, for Beyonce’s 39th birthday, the power couple chartered a high-end Benetti yacht which cost them $2 million per week. The Yacht was 350 feet long.
They went to the Croatian coast on the yacht.
Jay-Z does his charity from his own foundation named Shawn Carter foundation. The foundation was founded by Jay-Z and his mother, Gloria Carter.
The main goal of the foundation is to raise money to help disadvantaged students with their education. Reportedly, the Gala fundraiser raised $6 million in November 2019.
Reportedly, he also paid $1 million for DMX rehab.
Similarly, he donated $1 million to Red Cross following hurricane Katarina.
Jay-Z also helped Lil Wayne pay his back taxes dating from 2002 forward, which was $7.72 million.
Movies, Endorsements, Investments and Book Publications
Though Mr. Jay has not appeared in movies as an actor, he does like to work behind the screen. He has laid his hand on several series, documentaries, and movies as a producer.
According to IMDB, he has 34 credits as a producer and 240 credits on the soundtrack.
Throughout his career, Mr. Carter has endorsed numerous products, including his own lie of business and for other big brands in the business.
Some of the brands that Jay-Z has endorsed include Armand de Brignac Champagne, Bing Search Engine, Brooklyn Nets, Budweiser, Cherry Coke, Chrysler, Heineken, Reebok, Rocawear, and many more.
These big brands come with big paychecks and have definitely contributed to his fortune.
Jay-Z founded Marcy Ventures in 2019 and has invested in many companies such as Rihanna’s Fenty and Pela, which make 100% environmentally friendly phone cases.
As for Jay-Z himself has invested in some lucrative deals such as Uber, his own line of champagne.
Roca Wear was founded by Jay-Z in 1999 and sold in 2007 for a whopping $204 million.
He also bought a music streaming platform, “Tidal,” in 2015 for $56 million and sold it in 2021 for $302 million.
He has invested in other companies, including SpaceX, and interestingly he also dipped his feet in the NBA team Brooklyn Nets owning a 0.15% stake for $1 million in 2004.
However, he sold his share nine years later for $2.35 million.
Similarly, he bought Armand de Brignac, which is the line of champagne, in 2014. Reportedly he also owns a share of D’Usse, a Cognac made by Bacardi.
He also has an investment in the entertainment label Roc Nation and launched a sports-management division in 2013 called Roc Nation Sports. Roc Nation is partnered with NFL.
Likewise, he also has invested in a startup company Jetsmarter which allows people to rent a private jet.
We all know about the sports bar and luxury club 40/40 in Manhattan, New York.
Also, Jay-z is known for his investments in real estate around the globe, with more than $150 million in the United States alone.
Similarly, apart from music, and business Jay-Z has written two books to date.
He released his book Decoded in 2010 on November 16, which gives autobiographical information about the man himself.
Another book authored by Jay-Z is Dangerously in Love which was released on July 19, 2020. His wife, Beyonce, co-authored the book.
With all being said, the only thing left to discuss is the power of couples’ iconic marriage. Jay-Z and Beyonce tied their knots on April 4th, 2008.
They were married in Jay-Z’s Manhattan penthouse. The 13,500 square foot mansion with all the decorations looked like a palace.
Beyonce wore a White Gown, and Jay-Z put on a black tux. The ceremony was private and only selected friends and family were invited.
Altogether only 30 guests witnessed the ceremony, including P.Diddy, Kanye West, Gwyneth Paltrow, Chris Martin, and others.
They currently have three kids. Blue IV Carter, Sir Carter, and Rumi Carter. Blue IV Carter being the oldest.
Facts About JAY-Z
- Jay-Z and Beyonce’s eldest daughter Blue IV Carter was featured in one of his songs when she was just two days old.
- Jay-Z and Beyonce were named the most powerful couple in the world in 2009
- Nas and Jay-Z ended their decade-long feud in the 2005 concert I Declare War.
How long have Jay-Z and Beyonce married?
It has been 13 years that the power couple tied their knots.