Jay Z Net Worth, Early Life, Retirement and Awards.
Jay Z is the wealthiest musician and music producer in the world. Married to hit singer and icon Beyoncé, Jay Z has everything in the world that you could ever imagine. Not only that, Jay Z has been considered a successful entrepreneur
Jay Z Net Worth as of 2020
Jay Z net worth is $1 Billion. His wealth is the result of his record-breaking success as a musician and an eminent career. Jay Z is a successful entrepreneur and with time his bank accounts are rolling more and more in money. Jay-Z’s multiple business ventures, top-rated albums, and featured songs have made him stinking rich billionaire. With $1 Billion under his name, it can be safely said that Jay Z is currently at the top of his game and rightly so.
Background and Early Life
Jay Z belonged to a broken family. His father left their family when he was only a child. He always had to work hard in order to support himself financially. He lived in a bad neighborhood. As a child, he developed friendships and companionships with kids who were into drugs and gun violence. He soon became a drug addict and resorted to gun violence in order to earn a livelihood for himself. In order to escape all the trauma and pain that came with drugs and violence, Jay Z started to resort to music. He started rapping with a senior rapper known as ‘Jaz-O’. He released his first album ‘Reasonable Doubts’ with his three other friends in 1996. The debut album only received 23 in US Billboard but was a kick-start to his grandiose music career that ultimately earned him the title of the richest musician in the world.
In 1998, he released his second album ‘Vol 2′ which was a huge success and earned him his first Grammy award. From that moment onwards, there was no turning back for Jay Z. in 2001, Jay Z released his super hit album ‘Blue Print 2001′ which was acclaimed and praised by critics. The album was fully sold out and is still considered a classic hit of the early 21st Century.
Sudden Retirement from Music
After a successful music career of 7 years, Jay Z suddenly decided to retire after releasing a heartfelt album ‘The Black’. He shocked his audience by announcing his sudden retirement from the music industry and declared that he would always be a part of his audience’s life, one way or another. The sudden exit from the music industry left his fans heartbroken and many gathered around his house for many days requesting him to keep up his good work in music.
After 3 years of retirement, Jay Z made a dramatic comeback to the music industry by releasing a super hit album ‘Kingdom Come’. The album was very well received as the audience was extremely pleased to have their Hip Hop Star back again in action. Jay Z also teamed up with Kanye West for the best album of his career so far, ‘Watch the throne’. The album broke all billboard record for sales and went on to win multiple Grammy awards for ‘Best Rap’.
Jay Z has won over 120 awards so far and has been nominated in 220. He is the recipient of 7 American music awards, 5 music billboard awards, 25 Grammy awards, and 27 BET Awards. He has also received over 7 MTV music video awards and BRIT awards. He has won 4 awards for ‘Most Performed Song’ for his songs ‘Crazy in Love, Run this Town, Empire State’ and ‘Drunk in Love’. His awards have made him the most acclaimed singer and rapper of all time in the music industry.
Thanks to his billion-dollar fortune that is only growing with time, Jay Z lives like a king. He owns multiple entertainment units, clothing lines, high scale alcohol brands and beverages. He is also the owner of a music service known as Tidal. His multiple resources of wealth have earned him the title of ‘Billionaire Rapper’. His three decades of hard work have earned him 20 cars, 6 mega-mansions, and a gigantic estate. He is a self-made man, but he surely likes to pamper himself.
Magnificient Car Collection
Jay Z has currently parked 20 magnificent luxury cars in his parking garage. He owns a Tesla Model S worth $80,000. He also owns several other deluxe cars such as Alpha Romeo Spider, Jeep Wrangler, Mercedes Benz S class, Mercedes Benz Sprinter Limousine, Cadillac Escalade and a Pagani Zonda F. Moreover, Jay Z is also a proud possessor of a luxury Bugatti Veyron Grand Sport which is worth a whopping $2 million. This car was given to him as a gift by his beloved wife, Beyonce.
Jay Z is all about old school, hence he purchased 1957 Chevrolet Corvette to satisfy his hip style and flair. Being the classy guy that he is, he owns a Rolls Royce Phantom, a Rolls Royce Silver Cloud, Maybach Exelero, Ferraro F4S30 Spider and a Porsche 911 Carrera Cabriolet.
Other Lavish Belongings
Jay-Z’s Bugatti is worth $8 million alone. He also owns a multi-million dollar luxury yacht for his personal use. He owns a diamond necklace worth $20 million. His champagne company sells his premium class champagne for $850 per bottle. Jay Z charters his own private plane for $100 million a year. He owns many mansions. Jay Z does not live in a mansion, he lives in his own private estate worth over $400 million. Jay Z also owns a $98 million mansion in Bel Air which includes 8 buildings, multiple swimming pools with built-in water technology, music rooms, separate quarters for the servants and a giant ground and parking area for Jay-Z’s majestic car collection.
In 30 years, Jay Z has earned an immense amount of respect and money due to his successful singing career. He is married to the queen of R&B, Beyonce and together they live a life of milk and honey.
Seeing Jay-Z’s history and how far he has come to be a billionaire, it is not wrong to say that he came, he saw and he has successfully conquered the music industry.