Jay Z’s net worth has just got even richer after selling a portion of his Champagne brand Armand de Brignac. Here’s how much the rapper worth.
He’s best known as a rapper, but did you know Jay Z is actually quite the businessman? He’s got stakes in a number of big companies, has a very expensive art collection and is big in the real estate world.
But by far his most profitable venture is his Champagne brand Armand de Brignac, and half of it has just been acquired by Louis Vuitton’s luxury drink business LVMH Moët Hennessy, increasing his wealth even more.
So what is Jay Z’s net worth? Let’s find out.
What is Jay Z’s net worth?
- $1 billion.
In 2019, Forbes revealed that Jay Z’s net worth had reached $1 billion, making him the first hip-hop artist to reach that milestone.
Beyoncé’s net worth is $400 million, so the pair have a combined estimated wealth of $1.4 billion.
Jay Z’s net worth broken down
Here’s a breakdown of exactly where that wealth comes from as calculated by Forbes…
- $310 million – Champagne brand Armand de Brignac
- $220 million – cash and investments e.g. stake in Uber
- $100 million – cognac brand D’Ussé
- $100 million – Scandinavian streaming service Tidal
- $75 million – entertainment company Roc Nation
- $75 million – music catalog
- $70 million – art collection
- $50 million – real estate
Jay Z’s net worth just increased after selling half of his Champagne brand
Jay Z’s $1 billion net worth was calculated almost two years ago, and his true wealth is expected to be even more than that now.
He just got even richer after selling 50% of his Champagne brand Armand de Brignac, also known as Ace of Spades, to Louis Vuitton’s drink business LVMH Moët Hennessy.
The specific finances of the deal are unknown, but in 2018 he revealed in some song lyrics that his Champagne brand was worth $500 million, meaning he would have sold half of it for an estimated $250 million.
Going by these figures, his net worth now would be at least $1.25 billion, and working alongside such an opulent brand is set to make his profits soar even higher.
Jay Z told the New York Times that they were “always looking to grow the brand” and said the deal happened “very naturally”.
LVMH Moët Hennessy chief executive Philippe Schaus responded by saying: “In your understanding of the world of tomorrow, we believe you created a new consumer for Champagne.”
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