Shawn "Jay Z" Carter is a member of this year's Forbes Five--a list of the wealthiest hip-hop acts that appeared in the May 5th, 2014 issue of FORBES magazine. Though they've all had successful careers in music, it's their outside business ventures that were most instrumental in creating their fortunes.
Name:
Shawn "Jay Z" Carter
Age:
44
Estimated Net Worth:
$520 million
Source:
Music, Spirits, Clothing, Sports, Startups
Summary:
Megadeals like his $204 million Rocawear sale in 2007 and his $150 million pact with Live Nation in 2008 provide Jay Z’s fortune with firm footing. But the bulk of its growth this year comes from new ventures. Roc Nation is worth a healthy nine figures itself thanks to the addition of Roc Nation Sports, which gets a single-digit cut of pacts like Robinson Cano’s $240 million monster.
Additional Reading:
Empire State of Mind: How Jay-Z Went From Street Corner To Corner Office [book]
Inside Jay Z's Cohiba Comador Cigar Venture
Jay Z Got Scott Boras To Fall For The Oldest Trick In Rap's Book
Jay Z's Review Of The Book I Wrote About Him
For more about the business of music, check out my Jay Z biography and my next one, Michael Jackson, Inc, which will be published in June. You can also follow me on Twitter and Facebook.
