“Run this city”, indeed! Jay-Z’s net worth is more than double what he was a few years ago, according to a new estimate.
On Friday, Forbes reported that the rapper’s real-time net worth was $2.5 billion, making him the 1,209 richest individual in the world.
That position put him not far behind Oprah Winfrey (ranked 1,204 with $2.5 billion) and well ahead of billionaires like former NBA star Michael Jordan (1,485 with $2.0 billion) and the Apple CEO Tim Cook (1,589 with $1.8 billion).
Forbes estimated Jay-Z’s net worth to be $1 billion in 2020 and $1.4 billion in 2022, the same year the magazine named him the third highest paid artist after it sold its stakes in music streaming platform Tidal and champagne brand Armand de Brignac.
The latest rise in Jay-Z’s net worth stems in large part from his February deal with Bacardi for the D’ussé brand of cognac. He and the beverage company previously owned D’ussé in a 50-50 split, but with the new deal, Bacardi acquired a majority stake in Jay’s stake while leaving the Grammy winner with a “significant ownership role.” “, as Complex reported at the time.
“It has been a blessing to grow D’ussé over the past decade from an idea to one of the fastest-selling spirits in history,” Jay-Z said in a statement following the deal. “The next phase of this journey will further cement D’ussé’s legacy as one of the world’s most respected brands. I am excited to renew this partnership with Bacardi.”
In August 2022, Jay-Z defended his business deals during a Twitter Spaces conversation. “We went our alternate route, we made this music, we did our thing. You know, we rush, we kill ourselves to get to this space, and now it’s like, ‘eat the rich,’” he said, according to the daily beast. “Man, we’re not going to stop.”
As a result of that hustle, it appears that Jay-Z and Beyoncé’s three children have quite the inheritance in store, especially since Beyoncé, who has been married to Jay-Z since 2008, had her own net worth of $450 million as of 2022. Forbes reports.
