Jay-Z is the stage name of American rapper, record producer, and entrepreneur Shawn Corey Carter. He is considered one of the most influential hip-hop performers ever.
He was the chief executive officer of Def Jam Recordings and was instrumental in the creative and commercial success of artists such as Kanye West, Rihanna, and J. Cole.
Bio
| Age: | 52 |
| Born: | December 4, 1969 |
| Gender: | Male |
| Height: | 1.87 m (6 ft 2 in) |
| Country of Origin: | United States of America |
| Source of Wealth: | Rapper/Entrepreneur |
Early Years
Jay-Z was born Shawn Carter in December 1969 in Brooklyn, New York. His mother raised him and his three siblings on her own when his father abandoned the family and vanished.
Jay grew raised in the Marcy Houses and attended numerous schools. The entire area had to be evacuated because the Marcy Houses were so notoriously deadly.
Two of Jay’s high school classmates would become The Notorious B.I.G. and Busta Rhymes. Jay ultimately attended Trenton Central High School in Trenton, New Jersey, but he never graduated. Like many young guys without a sense of purpose, he began trafficking crack cocaine. He was shot numerous times.
Shawn Carter was always interested in music, as evidenced by the fact that he frequently woke up the rest of his family at night by playing drum patterns on the kitchen table.
His mother got him a boom box for his birthday, and he began penning rhymes and freestyling immediately thereafter. In the late 1980s, Jay’s entire focus switched, and he began to build a name for himself in the area.
In 1995, he co-founded the record label Roc-A-Fella Records alongside Kareem Biggs and Damon Dash. Through a series of transactions, Roc-A-Fella ultimately wound up within the Def Jam Records umbrella, owned by Russell Simmons.
Under the terms of the initial contract that Damon negotiated, Jay owns all of his master recordings, which is unique for a new artist and has proven to be incredibly profitable over time.
In its first year of release, 1.5 million copies of his debut album, Reasonable Doubt, were sold. Jay-Z has sold more than 100 million albums globally as of this writing. He has received 22 Grammys. Every album he has ever released has been certified platinum.
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Wedding to Beyonce
Jay-Z collaborated with Beyonce in 2002 for the songs “03-Bonnie & Clyde,” “Crazy in Love,” and “That’s How You Like It.” He appeared in a number of Beyonce performances.
Beyonce and Jay-Z began dating at some point and were married in 2008. Their first child, Blue Ivy, was born on January 8, 2012. Beyonce gave birth to twins, a daughter called Rumi and a son named Sir, on June 13, 2017.
What Are Jay-career Z’s Earnings and Net Worth?
Jay-Z is a rapper, producer, composer, and businessman from the United States. At the time of writing, Jay-Z is worth $1.3 billion. Jay-Z has amassed his fortune through a great career in the music industry and as a highly successful entrepreneur.
Jay has achieved tremendous success in multiple areas. According to his own words, he is “not a businessman, but a business…man.” Every year he earns between $70 and $80 million. From June 2018 until June 2019, he made $81 million.
Together, Jay-Z and Beyonce Knowles have a net worth of $1.8 billion. In July 2014, they reached a combined billion-dollar fortune for the first time.
Jay-Z became a billionaire for the first time in June 2019 as a result of his huge business empire, which includes album sales, touring, merchandise, endorsements, and investments such as Armand de Brignac champagne, Tidal, and D’Usse cognac. His investment firm, Marcy Venture Partners, is named after the public housing complex where he grew up. In 2019, Marcy Ventures secured $85 million in investment financing.
Business Ventures
Jay and Damon Dash co-founded the sportswear line Rocawear in 1999. In 2000, the corporation generated annual revenue of $50 million. At its peak, Rocawear’s annual revenue was $700 million. Damon was fired from the organization in 2006 following a dispute with Jay. Jay sold the rights to Rocawear to Iconix Brand Group for $204 million in March 2007. He maintains a modest share in the company and is involved with the marketing, development, and licensing of the brand.
Through a $56 million transaction in March 2015, Jay became the main owner of the music streaming service Tidal. Tidal has been estimated to be worth up to $600 million.
Jay is a co-founder of the 40/40 Club nightclub brand. In 2003, the first site debuted in New York. Throughout the years, he promoted a variety of well-known brands, including Chevrolet, Budweiser, Armadale Vodka, and Hewlett-Packard. He contributes to the company on marketing and commercial creation as co-brand director of Budweiser Select.
Brooklyn Nets Financial Investment
Jay acquired a modest share in the Nets for $1 million in January 2004. Together with the majority owner, Russian billionaire Mikhail Prokhorov, he helped negotiate the team’s move from New Jersey to Brooklyn.
Before Jay sold his share of the team, he had acquired a minority stake in the Barclays Center arena. When he created his sports management company, Roc Nation Sports, he had to sell his ownership in the team for $2.35 million.
Due to NBA conflict of interest regulations, he was compelled to sell his ownership of the team, but he was permitted to retain his holding in the venue. Perhaps not unexpectedly, the Barclay’s Center contains a 40/40 Club.
Roc Nation Athletics
As previously established, Jay is the owner of the sports management organization Roc Nation Sports. Initiated in 2013, they have negotiated contracts for a number of prominent sportsmen across multiple professional leagues.
FAQ
Jay-Z or Drake? Who Has More Money?
Jay-Z is the richest rapper in the world. He is worth more than $1.6 billion, which is more than Drake.
Kanye or Jay-Z? Who Has More Money?
Jay-Z.
When Jay Z Met Beyoncé, How Old Was He?
They are 18.
Jay-z Still Owns TIDAL, Right?
No. Jay-Z sold his share of TIDAL for more than $400 million.