Well, it’s no secret that Jay Z Net Worth is very high. His massive net worth comes from his numerous business ventures, music deals and also from endorsements. If we combine his total income till date, along with his stake in his business, then Jay Z net worth sums up to $ 610 million. For calculation of his fortune, we have also analyzed all the possible expenses and taxes that were paid over the subsequent years. The figure would have crossed $ 750 million, however, taxes and expenses take away a major chunk from his net worth.
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Jay Z Net worth over the recent years:
|Year||Jay Z Net worth|
|2014||$ 520 million|
|2015||$ 544 million|
|2016||$ 600 million|
|2017||$ 610 million|
In 2014, Jay Z was already riding high with a whopping fortune of $ 520 million. However, over the subsequent years, his net earning has increased which directly had a positive effect on his bank balance. In 2015, the figure rose to $ 544 million after he earned $ 24 million in between March 2014 and March 2015. Then in between 2015 and 2016, the rapper could earn another $ 56 million.
After analyzing Tidal’s financial data, Jay Z’s own income from endorsements and music, it is estimated that in 2017 his worth would get another major boost.
Jay Z net worth run down:
- Music (14 %)-$ 84,079,380
- Business (40 %) – $ 240,226,800
- Tours (26 %) – $ 156,147,420
- Endorsements (12 %) – $72,068,040
- Other (8 %) – $ 48,045,360
Jay Z’s worth sums up to $ 600,567,000, after deducting all the expenses and taxes. As seen from the above pie chart, the majority of it comes directly from his business ventures. It includes clothing lines, real estate, beverages, record labels, and sports teams. In one of his interviews, he even spoke “my brands are an extension of me. They are close to me. It’s not like running GM, where there’s no emotional attachment.”
In 2007, his brand “Rocawear” had a deal with Iconix Brand Group for $ 204 million. Jay Z had earlier created this brand with Damon Dash however in 2006 before the deal, Damon had walked out. Then in 2013 Jay Z made another $ 1.5 million after selling his stake in Barclays Center.
The other major portion of his fortune comes from tours, which earned him a whopping $ 156,147,420. Next comes music from which the rapper has made around $ 84 million. Till date, he has also earned $ 72 million and $ 48 million from endorsements and other ventures respectively.
Jay Z net worth Comparison with fellow artists:
As shown in the above table, P diddy secures the first place with a total fortune of $ 710 million. Second comes Dr Dre, all thanks to the recent Apple deal. Earlier it was reported that Dr Dre would be hip-hop’s first billionaire but still with the deal closing, his fortune is now estimated to $ 700 million. The deal was finalized at $3 billion.
At the third position , it’s Jay Z who was earlier just behind Sean Combs aka P Diddy. Then we have Beyonce who along with her husband is now worth over $ 1 billion. Beyonce is second to none when it comes to her fan following, music, endorsements or income. Earning $54.5 Million in 2015 alone, she was also featured in the Forbes list titled “Celebrity 100 Earnings”. On the same list, Jay Z himself was ranked # 28 as he earned $56 Million from various endorsements, music sales, and other deals.
Quite impressive, is it not?
Jay Z net worth boost from endorsements:
Endorsements make up more than 10 % of Jay Z’s total net worth. In monetary terms, it adds $72,068,040 to his fortune. After all fashion, beer, tech, or sports teams whatever he touches become gold. So Big brands are always in favor of making him the face of their products to sell better.
Till date he has worked with brands including “Brooklyn Nets”, “Carol’s Daughter”, “Rhapsody”, “Hublot”, “Hewlett-Packard”, “Budweiser”, “Reebok”, “Reebok” and “Samsung”.
Jay Z has also worked with “Barack Obama” in 2012.
Jay Z’s Income
Earning over the recent years
|2014||$ 24 million|
|2016||$ 18 million (till June)|
In 2014, his net earning was just $ 24million. However in 2015 there was a drastic change as he could earn over $ 50 million. Now in 2016, till June, it has been reported that his income is $ 18 million. Towards the end of the year, the figure would be near $ 50 million.
Income details for 2017 are yet not known as the rapper has rather made it a private affair.
Net income from tours
|On the Run Tour (Jay Z with Beyonce)||$33,584,334|
|Magna Carta World Tour||$14,578,000|
|Legends of the Summer||$40,330,000|
|U2 360 Tour||$4,200,000|
|Jay Z Fall Tour||$8,851,000|
Tours have contributed to Jay Z’ overall fortune to a great extent. As of now the singer has been touring for over a decade. He has collectively made over $ 150 million. From the table above, it can be seen that one of his highest grossing tours was “Legends of the Summer”, which indeed brought in $ 40 million. The second most successful tour was On the Run Tour, which he did with Beyonce. The couple had a mesmerizing performance, which was appreciated by fans from both the sides.
Till date, he has done 5 headlining tour, 8 co-headlining tours and also participated as a supporting artist in 3 other tours. The supporting tours include U2 360 Tour (with U2) (2009–11), Projekt Revolution 2008 Europe (with Linkin Park) (2008) and No Way Out Tour (with Puff Daddy & Bad Boy Records) (1997).
Note: The income shown above is not the total income rather it’s the net income. We have already deducted all the taxes and expenses which even includes agent’s salary etc. As even “On the Run Tour” could gross over $ 100 million, as total earnings.
Income from Album sales:
Till date, Jay Z’s income from album sales and music amount to $ 84 million. Being a musical genius, he has a good fan following which simply results in good sales figure whenever he drops an album. The singer has released 12 Studio albums while he has also worked on 4 Collaboration albums. The collaboration albums include “Watch the Throne (with Kanye West) (2011)”, “Collision Course – EP (with Linkin Park) (2004)”, “Unfinished Business (with R. Kelly) (2004)”, and “The Best of Both Worlds (with R. Kelly) (2002)”.
From the album “Vol. 2… Hard Knock Life (1998)”, he has reportedly made over $ 10 million. While from “Vol 3… Life and Times of S. Carter” and “The Blueprint 2: The Gift & The Curse” the singer earned $5,574,259 and $3,571,957 respectively.
Well at first instance, Jay Z looks like a usual rapper and most may even conclude that his insane net worth comes from music. However after closely analyzing his financial data, it’s clear that music sales just amounts to 14 % of his current wealth.
For those in doubt, lets us explain. In the music industry, it’s a norm that usually the top singer get 6%-8% of the songs they sing. And the songwriter gets paid in between 4% to 6%. So even after getting those jaw-dropping sales stats, usually the final cut amounts to 11 % on an average.
Jay Z net worth may be affected by Tidal’s success in the future
Recently Jay Z was all over the news especially after the release of Beyonce’s album “Lemonade”. As he had previously invested heavily in Tidal however due to falling user base and no improvements in statistics, it looked like his personal empire was at risk. Reports even circulated that Jay Z was about to sell the majority of his stakes in the company as the Tidal service was not progressing as expected.
Must Read: Apple To Purchase Jay Z’s Tidal
Also due to some legal issue, the company faced countless problems. As first Tidal had to deal with the $ 5 million lawsuit from Yesh Music, LLC. Later Cash Money filed a lawsuit demanding $ 50 million as compensation. Then for streaming Drake’s appearances at a charity concert, even Apple threatened them with $ 20 million lawsuit. Well, so many legal battles can drain out money and energy even from the top notch companies.
Other issues included the accidental leak of Rihanna’s album “Anti” much early. Also, there were disputes with other singers as well
Now Beyonce’s Lemonade was considered to be a lifesaver for the company as it was exclusive on the “Tidal service”. Then earlier even Kayne’s album “The Life of Pablo” was made exclusive on the service, which indeed increased the user base. At present nothing can be said accurately about the success, still future do looks a bit promising for Tidal as well as for Jay Z net worth.
|Labels||Def Jam, Roc-A-Fella, Roc Nation|
Born on December 4, 1969, in Brooklyn, Jay Z grew up in Marcy Houses, a housing project. Jay Z, earlier known as “Shawn Carter”, was raised by a single mother along with three siblings. At first, his mother enrolled him in Eli Whitney High School however it was soon closed down. After that, he attended George Westinghouse Career and Technical Education High School, where even future rappers like Busta Rhymes and The Notorious B.I.G. studied.
Jay Z childhood was not just about music and schooling, rather from an early age, he also got involved in drugs. During that time period, the rapper was shot three times. He even recalled this incident in some of his songs years later.
Due to inclement towards musical, Carter started writing his own lyrics and started performing his unique freestyle during his school days. Amongst the neighborhood friends, he was soon known as “Jazzy”. It was then developed into “Jay-Z” for his stage name. Eventually, Carter dropped the hyphen in 2013 and was now simply referred to as “Jay Z”.
Jay Z net worth may not come substantially from music, however, it’s more likely due to his music career. As Jay Z surely used music to get into the game after which he diversified to other ventures as well.
At first, he had no work at hand so he started out as a CD seller, operating his business from his care. Soon he along with Kareem Biggs and Damon created Roc-A-Fella Records in 1995. After his independent label could finalize a distribution deal with Priority, Jay Z released his debut album Reasonable Doubt in 1996. This was a game changer for both Jay Z and Roc-A-Fella Records as on the Billboard 200, the album peaked at 23rd position. Soon it was even declared platinum and was included in Rolling Stone’s “500 Greatest Albums of All Time”.
The follow-up album “In My Lifetime, Vol. 1.” was then released in 1997 after a new distribution deal with Def Jam. With greater fan base, the album could sell way better than the previous one. Produced by Sean “Puff Daddy” Combs, this new album was a personal revelation as Jay Z was bold to share his personal stories to the world. This was also seen contracting to his previous works and some even criticized that Jay Z had been sold out.
Then in 1998, with the release of “Vol. 2… Hard Knock Life”, Jay Z’s career gained momentum. At that time, it was also the biggest hit of his career. Over the subsequent years, he released many more albums and also ventured into different business.
With all this, Jay Z net worth became jaw-dropping, also making him one of the richest hip-hop artist.