Jay Z is known to be the wealthiest rapper and businessman. He owns music companies, royalties, luxury yachts, private jets, cars, and Basquiat paintings.
He gets an annual payment of $850 million from his business and has a net worth of $3 billion.
There is more to all this. Here, we will discuss all Jay owns, including his companies, music royalties, private jets, cars, and more.
Besides, we will discuss further information about all the payments he earned in his career. Then let’s get started.
What Company Does Jay Z Own?
Jay Z is known to be one of the richest rappers in the world. And he is the wealthiest not for his music alone but for his companies. He owns six reputed companies in the world. Besides, all the companies are music related.
All the companies’ names have been given below –
- Roc Nation
- Roc-A-Fella Records
- Def Jam Recordings
- Universal Music Group
- Atlantic Records
Here, we will provide a brief discussion about these companies –
Roc Nation was launched in 2008. Since then, the company has grown as the world’s prominent entertainment company. It currently has over 1.7 billion followers and is still rising.
Besides, the music company has over 575 million followers on Instagram, 483 million on Facebook, and 372 million on Twitter. Moreover, the company has an Equity Distribution policy that helps its workers and musicians.
Roc-A-Fella Records was a hip-hop record label company that was founded in 1995. However, the company has sold most of its equity to Def Jam Recordings. The company sold 50% of its share to Def Jam for only $1.5 million.
Recently DJ Khaled announced that he has joined as a partner with Roc-A-Fella Records.
The Universal Music Group is the parenting company of Def Jam Recordings, an American multinational music company. The company has over 1000 artists, which helps the company to grow. From here, Jay Z makes a considerable amount of money every year.
Universal Music Group is a worldwide music group where thousands of artists join as a family. According to the LA Times, Jay Z joined as a partner with the Universal Music Group in 2013.
Currently, Jay makes roughly $10 million every year from this company.
Atlantic Records is one of the most prominent music companies in the world. Jay Z is affiliated with several companies, and Atlantic Records is one of them. It is important to note that he is with Atlantic Records and makes $1 million annually.
Related: What Does Drake Own
What Product Does Jay Z Own?
In 2019, Jay Z became the first multi-billionaire as a rapper, thanks to his business venture. In 1999, he launched a retail company called Rocawear. From here, he made an average of a million dollars annually.
The company produced luxury bar chains, clothing retailers, and more. It was known to be the most prominent company in the music world.
However, to launch his music record company, Roc Nation, Jay Z sold the rights of Rocawear to Iconix Brand Group for $204 million in 2007. In 2008, he launched Roc Nation.
What Companies Has Jay Z Invested In?
Jay Z invests in several companies like Uber, Lyft, and Twitter. From here, he makes an average of a significant amount of money every year. Besides, he has invested in a music company called Universal Music Company.
Jay owns over twenty real estate properties and has a portfolio of 18 companies’ stocks. From here, he generates more than $200 million annually. Some of the names of the companies where Jay Z invests are –
- Twitter and more
Jay Z has invested around $180 million in these companies and greatly benefited from it. He has several deposits and cash at the bank, which is worth $220 million.
What are Jay Z’s Loans and Liabilities?
Last but not least is that Jay got a loan of $50 million from a US bank in mortgages and loans. He gets about $14 million for personal use. Now, other liabilities and loans that Jay Z got from a bank are listed below:
- City Bank — $15,000,000
- LC – JP Morgan — $10,000,000
- HSBC — $8,000,000
Jay Z reserves cash at the bank, which is about $150 million as of this writing. Some of the money comes from outside the US by selling music records.
How Much Money Does Jay-Z Make from the Internet?
Jay Z has a YouTube channel with 3.4 million subscribers. From here, he makes roughly $2 million every year. Besides, for every video he uploads, he makes around $100,000.
On Facebook, he has over 400 million followers. Jay makes more than $1 million every year from here. From his other platforms, he can generate around $30 million annually.
How Much Money Does Jay-Z Make in Total?
Jay Z is currently the multi-billionaire rapper in the world. And he makes more than $850 million every year. However, it is hard to say what his exact annual income is. But rest assured because we will give you some detailed information about it.
Some of Jay Z’s annual income statements have been given below to know better –
- Total Assets — $900,000,000
- Liabilities & Loans — $50,000,000
- Income from the Internet — $30,000,000
- From Spotify — $30,000,000
- Music Royalties — $130,000,000
- Investments — $220,000,000
- Business Income — $20,000,000
- Other Income — $1,120,000,000
- Net Worth — $2,500,000,000
What Basquiat Paintings Does Jay Z Own?
Jay-Z has taken his admiration for Jean Michel Basquiat to another level by purchasing one of Basquiat’s most renowned works, “Mecca,” for approximately $4.5 million.
What Cars Does Jay Z Own?
Jay Z owns 13 cars as of this writing. Among these cars, he has one of the most expensive cars in the world, the Rolls Royce Boat Tail. Jay bought it for $28 million. Some of his expensive car brief information has been given below:
- Maybach Exelero — $8 million
- Pagani Zonda — $2 million
- Bugatti Veyron — $2.2 million
These are the expensive cars Jay owns. Besides, he has a bunch of them in his garage. These cars are the most valuable in Jay’s collections.