Shawn Carter, better known as Jay Z or Hova, turns 46 years old on Dec. 4. The rapper, producer and entrepreneur is a true rags-to-riches story; Jay Z was raised in the rough Brooklyn, N.Y., Bedford-Stuyvesant neighborhood and grew up to become one of the most successful hip hop artists and entrepreneurs in the U.S. Find out how Beyonce’s husband made his fortune.
Jay Z Net Worth: $650 Million
Jay Z’s net worth is $650 million, according to Celebrity Net Worth. His wife has her own $450 million fortune, bringing Jay Z and Beyonce’s net worth to over $1 billion.
Jay Z Music
Jay Z made his debut in the hip hop scene in 1996 and has been dominating ever since. He holds the record for most Platinum albums among rappers. With 15 of them under his belt, Jay Z’s record is more than double the number of Platinum albums held by Kanye West, OutKast and Snoop Dogg. The hip hop artist also served as the president of Def Jam for three years and signed Rihanna during his tenure.
In an era where making money on albums has become challenging for artists, Jay Z has prevailed, earning $2 million in 2011 from “Watch the Throne” and $1.5 million in 2013 for “Magna Carta Holy Grail.” He also garnered $5 million in 2013 for granting Samsung exclusivity on the first one million downloads of “Magna Carta Holy Grail” to its Galaxy users. Jay Z has already earned $56 million in 2015 — much in part due to 22 shows he did with Beyonce for their On the Run Tour, which brought in approximately $5 million per night.
Jay Z Business Ventures and Endorsements
Jay Z has proven that his business acumen is just as strong as his rap career. Much of his fortune came from the 2007 sale of Rocawear for $204 million and a 2008 Live Nation agreement that earned him $150 million.
He ventured into the hospitality industry in 2003 with the swanky 40/40 Club — a sports bar and lounge chain — with locations in Manhattan, the Barclays Center and the Atlanta airport. In 2008, he founded Roc Nation, a full-service entertainment company that includes talent management, music publishing, touring, film and television, a music label and other business ventures. Its talent base includes big names like Kanye West, Big Sean, Shakira, Rihanna, Meek Mill, Fabolous, Rita Ora and, of course, Jay Z himself.
In 2004, he purchased a stake in the Nets NBA team for $1 million, helped build the brand and served as an integral part of the team’s move from New Jersey to Brooklyn. A decade later, in 2013, Jay Z sold $500,000 of his shares to Nets coach Jason Kidd and the other half to an undisclosed party to launch Roc Nation Sports — a branch of his agency that represents professional athletes. The agency’s client base includes players like Kevin Durant, Justise Winslow and James Young.
Earlier this year, Jay Z purchased Tidal, a hi-fidelity streaming service. He reportedly has plans to launch scripted and unscripted programming on the platform in 2016. Jay Z also bought his favorite brand of champagne, Armand de Brignac, in 2014. Bottles sell for $300 to $200,000.
In addition to starting and managing his own businesses, Jay Z has also lent his name to many companies in endorsement deals throughout the years, including Bing, Budweiser, Carol’s Daughter, Hewlett-Packard, Samsung Galaxy and Hublot.
Jay Z on ‘Jimmy Kimmel Live’ for Tidal
Beyonce and Jay Z Family Life
Jay Z and Beyonce have been married since April 4, 2008. The couple welcomed their daughter Blue Ivy on Jan. 7, 2012. The notoriously-private family keeps their personal life under wraps but are frequently plagued by divorce and pregnancy rumors.
The tight-knit clan often hits the road together on tour. TMZ recently obtained a list of Jay Z’s hotel demands and they included many for Blue Ivy, including childproofing the entire hotel suite — covering all corners, sharp edges and electrical outlets — and providing organic whole milk.
In 2015, Beyonce and Jay Z uprooted their family and moved to Los Angeles. The couple enrolled Blue Ivy in an exclusive private school with annual tuition of $15,080 and found a 16,000 square foot mansion to rent for $150,000 per month. However, a few months into their lease the house was sold, so they moved on to a nearby 20,000 square foot home — “The Big Lebowski” mansion — with the same $150,000 monthly rent.