Shawn Corey Carter, popularly known as Jay-Z, is an American rapper, record producer and entrepreneur. He is the founder of New York-based talent and entertainment agency Roc Nation. Jay-Z was also the CEO of Def Jam Recordings and has been central to the creative and commercial success of artists like Kanye West, Rihanna, and J. Cole.
Born in New York City on December 4, 1969, Jay-Z began his musical career in the late 1980s. Then he co-founded the record label Roc-A-Fella Records in 1995 and released his first studio album in 1996.
According to a Yahoo! News report by Forbes, the American rapper now sits on a net worth of $2.5 Billion USD, which keeps him at the top of the richest rappers alive list. This update to his wealth did not come as a shock, as the rapper was initially reported a billionaire in 2019 due to having his hands in the liquor, art, and real estate industries, plus stakes in Uber. Furthermore, in February 2023, Jay-Z sold his 50% stake in the liquor brand, D’USSE, for $750 million, which certainly contributed to the boost in net worth from the 2022 amount of $1.4 billion USD.
Jay-Z’s success is not just limited to his business ventures. He has also made a significant impact on the music industry, with over 140 million records sold worldwide and 24 Grammy Awards to his name. His music has become a cultural phenomenon, with many of his songs addressing social and political issues. Jay-Z’s net worth may be impressive, but his impact on music and society is even more significant. He has become a symbol of black excellence and a role model for aspiring entrepreneurs and artists around the world.