Jay z net worth is $580 million, the rapper, record producer and an entrepreneur has been able to make lots of money through his music and has also channeled his passion for music into business. He released his first album ”Reasonable Doubt” in 1996, under his record label Roc-A-Fella records. Jay z is known for his good lyrical abilities and rapping skills, in which he has been able to win a total of 21 Grammy awards. Apart from making money through his record comany Roc-A-Fella records, he also has his own clothing line (Roca Wear), sport service (40/40 club) and a music streaming service called Tidal.
He was once the president of the big record company Def Jam Records, in which he retired as the president. He is currently one of the best selling artiste of all time, making a sale of more than $110 million world wide. His collaboration with Kanye West of the album ”Watch The Throne” was a success to his musical career. Jay z net worth is currently estimated at $580 million.
Jay z Business Ventures and Deals
Tidal: Jay z is the co-owner of the music streaming service Tidal. The service promotes artiste and their music. The likes of Kanye West, Rihanna, Madonna, Daft Punk are signed to the Tidal music service. Through this he was able to make his millions from his company.
Roca Wear: Roca Wear is a clothing line owned by Jay z. The clothing line ranges from handbags, sandals, Jewelry and belts for children and adults. The products makes a yearly sales of over $650 million. Although, the company was later sold to Iconix Brand company, in which he made a total amount of $203 million.
Roc Nation: This is a record label owned by Jay z. It has the likes of Vic Mensa, Rihanna, Rita Ora and J. Cole signed to the label. The label was launched in 2008. Ever since his launch, he has been able to sign big names and he makes lot of money through their music.
40/40 Club: This is a sport bar and lounge founded by Jay z. The company signs big sport personalities, which improves and promotes the brand of the company. They also sell varieties of food and dishes.