Rapper and billionaire Mogul Jay-Z left and right have recently been on a roll, adding cash to their bank accounts. He has made two big deals in two weeks – he is selling a majority stake in his music streaming company Tidal to Square for $ 297 million, which values the company at $ 450 million. He earned $ 149 million in cash and stock and was made a board member when he bought 33% of Tidal Back from T-Mobile, which was owned by Jack Dorsey’s mobile payment company just days before selling. Jay-Z still owns a small stake in the company.
The deal came on the heels of the man selling half of his champagne brand Armand de Brignac to LVMH of Bernard Arnault in a deal that valued the Champagne brand at $ 640 million. Jay-Z retained 50% ownership of its luxury champagne brand. Combined, the two deals added about $ 400 million to their total assets. Suddenly, his 2005 song, “I’m not a businessman, I’m a business, man,” makes a heck of a lot of sense. He had a plan all along.
In addition to the aforementioned companies, he also owns the cognac brand D’Usse, salad restaurant chain Sweetgreen and insurance startup Ethos. Jayers owns Jayce’s own popular music collection, as well as a growing art collection and several multi-million dollar homes.
Let’s take a look at how Jay-Z’s various business ventures and assets move and what they are worth.
Real Estate – $ 50 Million
In 2017, Jay-Z and Beyonce bought two homes: a Bel Air estate for $ 88 million and a mansion in East Hampton for $ 26 million. His Bel Air home is worth more than $ 5 million, for which he bought it. Jay-Z was the owner of Tribeca Penthouse in 2004, which he bought for $ 6.85 million.
Art Collection – $ 70 Million
Jay-Z was a longtime admirer of artist Jean-Michel Basquette – he also sang about her in his song “Picasso Baby”. In 2013, Jay-Z allegedly paid $ 4.5 million for one. He also does the work of David Hammons, Richard Prince and Damian Hairst.
Music List – $ 95 million
Jay-Z has about 300 songs on its music list. With the recent surge in music catalog sales, it has raised Jay-Z’s price by $ 20 million over the past two years. Being an avid businessman, Jay-Z negotiated so that he could own the publishing rights to his songs and master recordings – a rare feat in the music industry.
D’Usse cognac brand – $ 120 million
In partnership with Bacardi, Jay-Z launched its Cognac brand in 2012. It usually sells for around $ 30 per bottle. However, there are 50 rare bottles being auctioned at Sotby for $ 24,000 to $ 75,000 each. Why so much price? One of them comes in a diamond-shaped crystal decanter.
Roshan Nation – $ 140 million
Jay-Z founded Roc Nation in 2008 with Live Nation. It is a full-service entertainment company representing some of the biggest names in music and entertainment including Alicia Keys and Rihanna. Roshan Nation produces the Super Bowl halftime show, which has a publishing deal with Random House, and is pre-pandemic at the Made in America concert.
Armand de Brignac Champagne brand – $ 320 million
Jay-Z’s sales of half of its champagne brand at LVMH exceed the company’s 2019 valuation. It currently costs $ 640 million – more than half a billion.
Cash and investment – $ 425 million
Jay-Z has made a good total of approximately $ 760 million in its estimated pre-tax income in bets in Uber, SpaceX and Square, as well as investments including the aforementioned Sweetgreen and Ethos. His oatmill company Oatley is expected to get an IPO in 2021 with a valuation of $ 10 billion. Jay-Z invested in the company in July 2020. It is not known how much is at stake.