New York Daily News: By Dan Clarendon – “Run This Town,” indeed! Jay-Z’s net worth is more than double what it was just 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 1,209th wealthiest individual in the world.
That position put him not far behind Oprah Winfrey (1,204th on the ranking with $2.5 billion) and well ahead of billionaires like former NBA star Michael Jordan (1,485th with $2.0 billion) and Apple CEO Tim Cook (1,589th 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 entertainer after he sold his stakes in the music streaming platform Tidal and the champagne brand Armand de Brignac.
Jay-Z’s latest increase in net worth is largely due to his February deal with Bacardi over the D’ussé cognac brand. He and the beverage company previously owned D’ussé in a 50–50 split, but with the new agreement, Bacardi acquired a majority stake in Jay’s stake while still leaving the Grammy winner with a “significant ownership role,” as Complex reported at the time.
“Growing D’ussé over the past decade from an idea to one of the fastest-selling spirits in history has been a blessing,” Jay-Z said in a statement after 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 ventures during a Twitter Spaces conversation. “We went our alternative route, we made this music, we did our thing. You know, we hustled, we f—king killed ourselves to get to this space, and now it’s like, ‘eat the rich,’” he said, per The Daily Beast. “Man, we’re not stopping.”
As a result of that hustle, it seems Jay-Z and Beyoncé‘s three kids have quite the inheritance in store — especially because Beyoncé, who’s been married to Jay-Z since 2008, had her own net worth of $450 million in 2022, Forbes reports.