Jay Z Went From Marcy Projects To A $610 Million Net Worth. How Can You Hate This Man?

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 8 months ago '11        #1
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Jay Z Went From Marcy Projects To A $610 Million Net Worth. How Can You Hate This Man?
 

 
Jay Z Went From Marcy Projects To A $610 Million Net Worth. How Can You Hate This Man?
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Jay Z’s Net Worth

Rapper Shawn “Jay Z” Carter has an estimated net worth of $610 million as of 2016, according to Forbes. Jay Z, a rap icon, philanthropist and entrepreneur, came to prominence in the late 1990s and early 2000s with the albums Reasonable Doubt, In My Lifetime, Vol. 1, Vol. 2, Vol. 3 and The Dynasty. Apart from his music career, Jay Z has established himself as a savvy businessman across several industries, including clothing lines, real estate, sports teams, record labels, beverages and more. Jay Z is married to Beyoncé, who herself has an estimated net worth of $290 million.

How Does Jay Z Make His Money?

Record Labels
Concert Sales
Music Streaming and Album Sales
Clothing and Merchandise
Endorsements
Real Estate
Roc-A-Fella Records

Jay Z, Damon Dash and Kareem “Biggs” Burke founded Roc-A-Fella records in 1996, initially to serve as an independent label for Jay Z’s first album. The company grew in the early 2000s, with Jay Z as the label’s major image. Following years of rumors of friction and feuds, it was revealed in 2004 that Jay Z was named president and CEO of Def Jam Records. He left Def Jam in 2007 and later started Roc Nation.

Tidal Streaming Service

In 2015, Jay Z bought the music streaming service Tidal for $56 million. He was at first was widely mocked for the purchase, which had a rough start in terms of keeping subscribers. The artist-owned company was valued at $600 million in 2017. In January, Sprint invested $200 million in the streaming service. Jay Z has said the company has three million subscribers, lower than that of other streaming services.

Music Earnings

Concert Sales

Hard Knock Life Tour

The Hard Knock Life tour — Jay Z's first official one in 1999 — grossed about $18 million, according to an Entertainment Weekly report at the time. The 11-week tour spanned sold-out arenas from Canada to Texas, EW reported. Jay Z’s rap tour included several other artists. Damon Dash, the label head of Roc a Fella Records at the time, called Hard Knock “the most successful hip hop tour ever.”

Blueprint Lounge and American Gangster Tours

In 2001, Jay Z went on the Blueprint Lounge Tour, which came directly after the Sept. 11, 2001 terrorist attacks. Although it is unclear how much he earned in total from the tour, he donated a dollar of the cost of every ticket sold to relief organizations because of the attacks. His subsequent headlining our, American Gangster, grossed $4 million, according to Money Nation.

Magna Carta World Tour

The last tour Jay Z headlined was the Magna Carta World Tour, in 2013-2014, which earned $10.8 million in the U.S. In total, the tour earned $20,740,000, according to Money Nation. It was the first tour he headlined since 2009’s Fall Tour, which earned about $15 million, according to Money Nation. Magna Carta earned mixed reviews from critics, although demand to see Jay Z was high. The tour spanned worldwide, as well, with a second U.S. leg added in early 2014.

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Best of Both Worlds Tour

Jay Z has done several collaborative tours, with rappers like 50 Cent and R. Kelly, and R&B singers like Mary J. Blige and Beyoncé. In 2004, Jay Z embarked on the Best of Both Worlds Tour with R. Kelly to promote their collaboration album, Unfinished Business. The 40-city tour was expected to gross $30 million, but was weighed down by controversy. Money Nation reports that gross totals ended up at $16 million. Critics noted palpable tension between the rappers on the tour, which bubbled up at Madison Square Garden, where R. Kelly was reportedly pepper sprayed by a friend of Jay Z's. Jay Z continued to tour without R. Kelly later that year, Rolling Stone reported at the time.

Heart of the City Tour

Four years after Best of Both Worlds, Jay Z joined Mary J. Blige on the Heart of the City tour, which grossed more than $35 million, UPI reported. The tour spanned 25 cities across North America to support Blige’s album Growing Pains and Jay Z’s American Gangster. It was one of the most successful male/female hip-hop/R&B tours in history.

Jay Z & Ciara Live

In 2008, Jay Z went on tour with Ciara to support his new album The Blueprint 3 and Ciara’s Fantasy Ride. The six-date tour, Jay Z & Ciara Live, spanned the U.S. and earned favorable reviews. Gross earnings were about $12 million, Money Nation reported.

The Home & Home Tour

In 2010, Jay Z toured with Eminem in The Home & Home tour, which earned about $2 million, according to Money Nation.

Watch the Throne Tour

Between 2011 and 2012, Jay Z performed with Kanye West on the Watch the Throne tour, which earned $75 million at the box office. Jay Z and West performed 34 shows across North America and 23 shows across Europe.

Legends of the Summer Tour

In 2013, Jay Z and Justin Timberlake performed the worldwide tour Legends of the Summer, earning $68.8 million.
On the Run Tour

In 2014, Jay Z co-headlined, with wife Beyoncé, the On the Run tour. The tour grossed more than $100 million in ticket sales across 19 shows in North America, Billboard reported. According to Billboard, the tour earned about $5.2 million each night with an average of nearly 45,000 in attendance.

Music Streaming and Album Sales

Jay Z’s total album sales exceed 55 million, as of December 2014. With 12 solo studio albums and four collaborative albums, Jay Z has earned about $78 million in music sales, according to Money Nation. His highest grossing albums are Vol. 2, Hard Knock Life and The Black Album, grossing $115.3 million and about $44 million, respectively, according to Money Nation. The rapper pulled his music from the Spotify and Apple Music streaming services in April.

YouTube

Via Vevo, Jay Z reportedly earns about $1.32 million from YouTube streaming.
Investments and Merchandise

Jay Z has invested and endorsed a variety of products over his career, and has adopted each into his personal brand in some way. He has also owned and invested in numerous companies.
Roc Nation

Founded by Jay Z and Jay Brown in 2008, Roc Nation is an entertainment company that houses a record label, among other services, including a talent agency, a touring and concert production company, a production company for music, film and TV and a music publishing house. Roc Nation has a partnership with Live Nation and had a distribution deal with Sony Music for four years. In 2017, the company announced a new division called Arrive that will focus on investing in startups.

Clothing

Along with Damon Dash, Jay Z founded the urban clothing brand Rocawear in 1999. The duo sold the brand in 2007 for $204 million to Iconix Brand Group. At the time, Rocawear earned annual sales of over $700 million, Reuters reported. Iconix said in 2007 that it expected to earn about $43 million in royalty revenue in its first year.

Investments

Jay Z also co-owns the 40/40 club in New York, which opened in 2003, according to Forbes. Forbes reports that the club’s star quality declined over the years, and closed down for renovations. It reopened in 2012, projecting profits of $5 million per year, according to Forbes. As of 2012, the club was expected to pull in annual earnings of $10 million.

In 2005, Jay Z, Jada Pinkett Smith and Will Smith invested $10 million in Carol’s Daughter, a beauty products startup targeted at black women.

In 2011, it was reported that Jay Z promotes Champagne Armand de Brignac, secretly earning up to $4 million per year from talking up the drink.

Jay Z collaborates with Budweiser on marketing and ad development. He curated Budweiser’s Made In America festival in 2012. The festival was promoted by Live Nation, with whom Jay Z signed a $150 million deal in 2008.

Jay Z in 2013 signed a $5 million deal with Samsung Galaxy as part of a larger deal (valued at $20 million) between the company and Roc Nation.

Further investments and endorsements include Gain Global Investments Network, Hewlett-Packard, Reebok, and Translation Advertising, among others.
Sports

Jay Z sold his stake in the Barclays Center in 2013 for $1.5 million. He also owned a small share of the Brooklyn Nets, for which he paid $4.5 million. He had to sell the share when he took ownership of his sports agency, Roc Nation Sports. According to Forbes, Roc Nation Sports has earned a total of $19.2 million, as of September 2016.
Real Estate

Jay Z and Beyoncé have a 12-bedroom, 12-bathroom Hamptons rental called The Sandcastle, which also includes a movie screening room and a bowling alley. They reportedly paid more than $40 million for the house. The couple was recently reported to be looking for a home in Los Angeles, and apparently sought out a 57,000 square foot place, according to according to People. They previously owned a home in Florida that sold for $9.3 million in 2010.

Previously, Jay Z lived in a Brooklyn apartment that he referred to in the song “Empire State of Mind” as his “stash spot.” The apartment is now valued at $870,000, according to Complex. In 1999, Jay Z and Damon Dash rented a place called Goose Creek in Wainscott, New York, for $450,000 per month. In 2004, he bought the seventh floor of a New York City building for $6.85 million. He rented the penthouse of the Time Warner Center for $40,000 per month in 2007.

Other projects

Decoded

In 2010, Jay Z released his autobiography, Decoded. The book compiled lyrics, their meanings, stories and information about his life, along with anecdotes about the challenges of being a celebrity. The book premiered at No. 3 on the New York Times Bestseller list.

Shawn Carter Scholarship Fund

Among his many charitable contributions, Jay Z runs a scholarship fund for students to pursue higher education despite socio-economic challenges such as teen pregnancy, incarceration, poverty and homelessness.

Film and TV

Jay Z has teamed up with the Weinstein Company to produce a series of television and film projects about Trayvon Martin, the unarmed black teenager who was k!lled in Florida in 2012. The project includes a documentary series and movie, based on two books about Martin’s death and the subsequent acquittal of his k!ller. Previously, Jay Z and Weinstein Television joined to produce Time: The Kalief Browder Story, which aired on Spike TV in March 2016. The six-part docu-series explored the story of Kalief Browder, who was imprisoned on Rikers Island for three years and committed suicide after his release.

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visit this link http://fortune.com/2017/0 .. y-z-net-worth/

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Really has the Sh!t that he raps about and he's using his immense wealth to better the community. Salute this man, Bredren.


Last edited by kiss0fdeath; 04-19-2017 at 10:03 PM..
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120 comments for "Jay Z Went From Marcy Projects To A $610 Million Net Worth. How Can You Hate This Man?"

 8 months ago '14        #2
HollywoodPK 
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$469 | Props total: 857 857
Its a tricky one. Where to for hov? He seems to have done it all. At a very high level too. What happens when you clock the matrix? ��
kiss0fdeath and 16 others gave props
 
 8 months ago '11        #3
shellz386 43 heat pts43
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$5,989 | Props total: 4634 4634
Because n*ggas have a crab mentality
DeadPresident and 40 others gave props
 
justagangsta and 3 others slapped this ish
 
 8 months ago '12        #4
ThePainkiller 347 heat pts347
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$69,670 | Props total: 22011 22011
Jay Z die too
NYNY and 10 others gave props
 
kiss0fdeath and 17 others slapped this ish
 
 8 months ago '10        #5
DRockBSP 
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$3,907 | Props total: 2684 2684
Goat.
southernsmoke90 and 18 others gave props
 
NYNY and 3 others slapped this ish
 
 8 months ago '14        #6
Blazeyy 2 heat pts
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$3,582 | Props total: 8732 8732
The fact that you can even ask this question shows you're a slave to greed and money
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thatnig22 and 24 others slapped this ish
 
 8 months ago '12        #7
Laronla 424 heat pts424
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$7,103 | Props total: 16523 16523
How could you hate a dude getting cake like myself
You should be like, I could be like that someday myself
southernsmoke90 and 31 others gave props
 
 8 months ago '15        #8
Villain 49 heat pts49
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$10,122 | Props total: 11488 11488
multiple streams of income(preferably passive) is the key to financial freedom

That being said, when its all said and done Jay-Z is the goat.

I can't take a n*gga serious if he ain't got Jay-Z or Nas in his top 5 dead or alive.

edit: I have both of them in my top 5 dead or alive


Last edited by Villain; 04-21-2017 at 09:39 AM..
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 8 months ago '15        #9
Eddiemia07 
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$405 | Props total: 868 868
"Take what the Forbes figured, then figure more
Cause they forgot to account what I did with the raw"
southernsmoke90 and 41 others gave props
 
 8 months ago '06        #10
angelo noel 2 heat pts
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$1,787 | Props total: 1355 1355
Sometimes this makes me wonder how Pac and B.I.G. would have been if they didn't die.

Mad props to Hov, though.

kiss0fdeath and 13 others gave props
 
 8 months ago '04        #11
One-O-One 14 heat pts14
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$10,198 | Props total: 8912 8912
I don't respect all his moves to get that $610M. But he's still in my top 3 of all time.
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Stables08 and 1 others slapped this ish
 
 8 months ago '16        #12
Stables08 1 heat pts
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$3,540 | Props total: 8947 8947
All that after losing 92 bricks, remember kids

"difficult takes a day, impossible takes a week"
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JeezusPrice slapped this ish
 
 8 months ago '16        #13
GreenLandLex 29 heat pts29
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$1,080 | Props total: 4302 4302
They hate him cause he successful
kiss0fdeath and 8 others gave props
 
Exodus 313 and 1 others slapped this ish
 
 8 months ago '15        #14
ChoAssUp 62 heat pts62
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$11,519 | Props total: 22026 22026
I still don't like his music much
But there is no doubting his success.


Last edited by ChoAssUp; 04-20-2017 at 07:25 PM..
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 8 months ago '15        #15
DEJOE E 130 heat pts130
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$10,721 | Props total: 11882 11882
I think its because of his grotesque skill set
and cross over appeal plus the fact that
hes not a avid weed user, his formulaic
approach to this art form is also a turn off

Some feel he's a corporate puppet or
figurehead sent to deminish the ambition
of the poor setting a unrealistic level
of success in the eyes of neglected
ghettos across America saying.....

If its so tough how did Jay-Z make it
and my respose to them is
if its so easy where are the rest of the Jay Z's ?

Even people in his wake are no more
in tuned with his keys to winning
outside of La Chupa KanYe ?

Mr.Knowles Carter is not your normal intelectual guy
its disrespectful to the laws of nature
to address him as such he already outsmarted
100's of millions of people around the globe
any land any circa any race or gender
kiss0fdeath and 13 others gave props
 
regularjoe and 1 others slapped this ish
 
 8 months ago '17        #16
Sucka Repellent 20 heat pts20
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$7,937 | Props total: 15457 15457
salute to jay for being about his bread.
The Consultant and 9 others gave props
 
 8 months ago '06        #17
angelo noel 2 heat pts
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$1,787 | Props total: 1355 1355
 stables08 said:
All that after losing 92 bricks, remember kids

"difficult takes a day, impossible takes a week"
@ thatt 92 brick line.
The Consultant and 2 others gave props
 
 8 months ago '12        #18
The Consultant 367 heat pts367
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$25,271 | Props total: 30273 30273
 stables08 said:
All that after losing 92 bricks, remember kids

"difficult takes a day, impossible takes a week"


that n*gga re'upped after "losing them 92 bricks" and made hundreds of millions.
kiss0fdeath and 6 others gave props
 
 8 months ago '17        #19
Slavoj Zizek 213 heat pts213
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$6,103 | Props total: 20189 20189
Greatest rapper of all time
JiggZ and 18 others gave props
 
circleofpurple and 7 others slapped this ish
 
 8 months ago '16        #20
KingPush 24 heat pts24
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$3,157 | Props total: 15444 15444
I'm already the next stop is a billi
TonyCartagena and 5 others gave props
 
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