It pays to get into the music industry especially the rap industry. Famed rapper Jay Z is worth an estimated 650 million dollars. Not only does Jay Z has the skills as a rapper he also has the smarts as a businessman and was able to make his fortune grow. Jay Z is worth a lot of money but he did not get his fortune overnight. Jay Z was smart about his money. He took his money and made it work for him. Jay Z is not only a talent rapper but one of the smartest business men in the music business.
Jay Z Net Worth - $650 Million
Birth Name - Shawn Corey Carter
Date of birth - December 4, 1969
Zodiac Sign - Sagittarius
Birth Place - Brooklyn, New York, U.S.
Nationality - American
Height -6′ 2″
Profession - Record producer, Film Score Composer, Television producer, Entrepreneur, Film producer, Rapper, Fashion designer, Actor, Singer, Songwriter
Jay Z is known for his multi platinum rap albums as well as his smart business sense. He is also a songwriter and has ghost written songs for some of the hottest artists. He along with his founding partners Damon Dash and Kareem Biggs founded Roc A Fella Records. This is the label where Jay Z released his debut album called Reasonable Doubt. This ranked 248 on the list of the 500 best albums of all time. Jay Z did not stop at this. His other album releases went on to sell around 55 million copies all over the world. Once Jay Z started to see some money he wanted to do everything in his power to make his fortune expand. He took his money and put it into some business ventures.
One Jay Z was able to find a fan base for his music he did not stop there either. He has been on several sold out tours and has a deal with Live Nation as his concert promoter. He has made more than one hundred million dollars by putting on a show for fans. He has also made money from collaborations with artist such as Mariah Carey and even Bono.
Jay Z develops his own brand of clothing. The first year that this clothing line was released it make $204 million dollars. Rocaware is still sold at many high end stores and it in high demand. In addition to selling his own items Jay Z has been involved in a number of product endearments. He has attached his name to many products including Chevy, Budweiser, Armadale Vodka, as well as Hewett Packard.
Jay Z took his money and opened several clubs of his own. His club the 40/40 nightclub is a big hit in New York City. With the success of this club he opened other in Chicago and even in Atlantic City, New Jersey. He stayed true to the sports fan in him. Jay Z has ownerships of several sports clubs. He has a nice stake in the New Jersey Nets as well as the Arsenal Football club. Music called Jay Z back and in addition to running Roc A Fella records he is also part owner of Def Jam Records which is one of the biggest labels in the industry. They sign artists that sing all types of music. The only requirement is that the artists must have star power to be signed to his label.