7 companies owned by Jay-Z | The richest

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To say Jay-Z is a superstar would be an absolute understatement. He rose through the ranks to the highest levels of success in the music industry, from a rapper and producer to a massive music mogul with a huge amount of power and wealth. After breaking records and dominating the music scene, Jay-Z decided he wanted more. In an effort to reach a whole new level of fame and fortune, he devoted his efforts to pursuing other sources of income and, like Jay-Z, he dominated this landscape as well.

Jay-Z has a multitude of very successful businesses under his belt, and Forbes called him an “icon,” who has the innate ability to turn anything he touches into glory.

7 Music mogul: Roc-A-Fella Records

Jay-Z’s initial vocation is music. His proven track record as one of the most successful rappers of all time will never be contested. He’s garnered millions and millions of dollars in world tours, ticket sales and merchandise. His songs continue to break streaming records, years after their initial release.

His first single was released in 1995 without success. Determined to make his dreams come true, he teamed up with Damon Dash and Kareem Burke to create Roc-A-Fella records and began to bring his own music to mainstream society. Blow after blow soon followed, with State of mind of the empire being the single that really got him noticed.

One of the most influential rappers of all time, Jay-Z is now recognized for his ability to sell millions of copies of his own successful records. He took it a step further when he started producing other artists, in many cases lending his voice to their singles and raising their mark. It wasn’t long before mainstream music got its name, even for music fans who weren’t interested in the rap scene. Songs such as 99 Problems, Public Service Announcement, and Fat pimp are undeniably legendary pieces of the rap game, and all of them bear his name.

With over $ 75 million in his own music library, Jay-Z sold Roc-A-Fella Music for $ 10 million and moved on to other projects.

RELATED: A rare bottle of Jay-Z D’usse cognac sold for $ 52,500

6 Issues in Uber

Although it is a popular service now, there was a time when few people knew much about Uber’s driving service. Before this app became famous and Uber became a way of life for millions of people around the world, Jay-Z was a massive investor. He invested in Uber, JetSmarter, Julep, and Away, around the same time, with dedicated $ 2 million gobbled up in Uber alone. According to BizJournals, Uber is currently valued at over $ 66 billion and Jay-Z’s stake is estimated to be over $ 70 million.

5 Roc Nation

Aware of the impact his investments could have on other companies, Jay-Z created Roc Nation, a platform dedicated to helping startups. This entertainment business plays a business development, screening and advisory role to help grow and expand other businesses. In turn, Jay-Z receives an equity stake in the companies as well as residual payments from future income. According to Fast business Jay-Z’s investment portfolio was valued at over $ 200 million in 2020 and continues to grow rapidly.

4 Roc-A-Wear Clothing

Realizing the impact it has on urban society, Jay-Z teamed up with Damon Dash to create urban clothing brand Roc-A-Wear. The brand sold its urban designer styles to adults and young people with a wide variety of clothing and accessory options available at a reasonable price.

In 2007, Jay-Z sold the brand for a staggering $ 204 million, then bought the brand’s intellectual property for $ 15 million, putting him back in charge.

3 Premium alcohol

Jay-Z has established himself in the world of alcohol sales and owns two major brands that cater to a high-end luxury market. Armand de Brignac is Jay-Z’s luxury champagne. He is also co-owner of Dusse, an expensive and high-end cognac.

It earned $ 310 million from sales of Armand de Brignac, which became widely recognized as the champagne of choice for the rich and famous. He went on to earn more than $ 100 million from sales of Dusse, which reached a similar clientele of fortune investors and celebrities.

In March 2021, Jay-Z sold half of his Armand de Brignac champagne in a deal that valued the luxury liquor company at around $ 640 million.

2 Tide

Tidal is one of Jay-Z’s most recognized business ventures. It was launched to compete directly with Spotify, in an open market at the time. This streaming platform started with a $ 56 million investment from Jay-Z in 2015. The company is currently valued at over $ 600 million. In a brilliant financial movement, Jay-Z has sold the majority of Tidal shares to Jack Dorsey, which represents the company Square Mobile Payment. As part of a massive deal, Jay-Z was able to retain stakes in Tidal even after selling the controlling stakes to Dorsey for $ 297 million.

1 Investment in cannabis

The latest company he got into is premium cannabis brand Monogram.

Following in the footsteps of Scooter Braun, Snoop Dogg, Ice Cube and many other tycoons who have made similar moves towards cannabis investments, Jay-Z has launched what he describes as “cannabis redefined”.

CNBC states that these specialized strains of cannabis “will sell for between $ 40 and $ 70, the products include several strains of cannabis designated as light, medium and heavy – available in pre-rolled cigars and cannabis flower joints and boxes.” .

READ NEXT: 6 most influential rappers in the world

Sources: Forbes, CNBC, Business journals, Fast business

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