What Is Jay Z's Net Worth?
Most will not argue with the fact that Jay Z is one of the most globally admired and sought after rap artist of all time, but what is Jay Z's net worth? From the time he hit the scene in 1996 with his debut album, "Reasonable Doubt," all knew Jay Z was an artist that was going to make a lasting impression in the rap industry. Jay is more than your typical rap artist, he is an entrepreneur as well. He has developed several businesses that have played a major role in bringing in the wealth that has placed him on the Forbes list of richest men. What is Jay Z's net worth you may ask? As of 2010, Jay Z is worth an astounding 500 million. Let us break down just where these riches come from.
Albums. Jay Z has sold over fifty million albums worldwide. He has received ten Grammy awards for his music and countless other nominations. His debut album, "Reasonable Doubt," was mentioned in Rolling Stones "500 Greatest Albums of All Time," and also went platinum. Jay Z went on to release, "In My Lifetime Volume 1," "Volume 2 Hard Knock Life," "Volume 3 Life and Times of S. Carter," "The Dynasty: Roc La Familia," "The BluePrint," "The Blueprint 2: The Gift and the Curse," "The Black Album." "Kingdom Come," "American Gangster," "The Blueprint 3," and "Watch my Throne" are to be released in 2011. Each one of these albums reached platinum status and is a major contributing factor to his huge net worth.
Business Ventures. Jay Z has made a major contribution to the business by co-owning and investing in a lot of businesses. Jay Z is co-owner of the 40/40 club, an upscale sports bar which had its start in New York city. It has went on expand to Atlantic City and Chicago and has plans to expand elsewhere. Jay Z is also co-owner of the New Jersey Nets. He has recently invested in Carol's Daughter, a supplier of hair and skin products. He is the founder of RocaWear clothing line and also former CEO of Def Jam Recordings.
There is truly no end to all the business ventures Jay Z has his hand in, and the proof is in his net worth of five hundred million and counting. You can expect to see Jay Z continue to take leave his imprint in music and continue to climb the corporate ladder as well. Opportunities are limitless when it comes to Jay Z.