Besides Luxury Cars, Jay-Z Spends His Massive Fortune on These 2 Lucrative Industries
Just this month, Forbes shocked the world they added another celebrity in their billionaire list. According to the prestigious magazine, Jay-Z’s net worth is now at a staggering $1.88 billion, hailing him as the first rapper to breach the billionaire mark.
While Jay-Z loves to invest his money in business, he reveals he also spoils himself from time to time. One major example of that is Jay-Z’s expensive automobile empire.
The rapper loves to buy vehicles from top brands like Tesla, Lamborghini, and Bugatti. Aside from his cars, Jay-Z reveals he also ventured into spending his money in these two luxurious industries. Let’s uncover why Jay-Z claimed his splurging might also be considered his wise investment too.
A Massive Fortune
Forbes adds that Jay-Z’s net worth hit the billionaire mark thanks to his successful champagne brand, Armand de Brignac, which, according to a magazine, is now worth a staggering $310 million. Meanwhile, the rapper sold his D’Usse cognac brand for $100 million, giving his net worth a massive boost.
Aside from these two notable milestones in his business, the famous rapper’s other companies also did well this year.
His music streaming platform Tidal, for instance, is worth an astounding $100 million this year. Meanwhile, Jay-Z’s Roc Nation yields a $75 million value. Aside from his businesses, Jay-Z also invests his money in a myriad of large companies like Uber.
Most of Jay-Z’s fans may have known him for his expensive collection of cars but the famous rapper reveals that he’s also fond of collecting luxurious houses. In 2017, the couple just dropped a staggering $26 million on a mansion in East Hampton without batting an eye.
According to Jay-Z, they bought the said property to welcome their beloved twins in life. The said mansion has luxurious amenities like lavish bathrooms, soaking tub, Jacuzzi, a meadow preserve, and a pond. Aside from their main estate, Jay-Z and his wife also bought a 1,800-foot guest house in New York.
His Latest Acquisition
As if these properties aren’t enough, they also bought a palatial Bel Air house designed by the renowned architect Paul McClean. It features eight bedrooms, floor-to-ceiling glass windows, 15 garages for their cars, and a basketball court. Jay-Z and Beyonce spent a whopping $26 million to buy the modern property.
Aside from real-estate, the famous rapper says he’s also interested in collecting exquisite art masterpieces. As an avid collector, Jay-Z reportedly bought Mecca from Jean-Michel Basquiat for an astounding $4.5 million.
He also owns numerous masterpieces from renowned artists like Damien Hirst, Pablo Picasso, and Shepard Fairey. To express his love for fine arts, Jay-Z featured some of the artworks he bought in his music videos. He also doesn’t plan on stopping from splurging himself in these hobbies anytime soon.
More in Wallet Groove
Netflix Raises Its Prices As Their Stocks Hit All-Time High
For people nowadays, local television networks are simply boring, that is why almost every household in the United States have Netflix....September 16, 2021
5 Financial Habits That You Shouldn’t Break
While everyone can earn money, not everyone has healthy financial habits. This is why some people, even those who have considerably...September 15, 2021
Apple, Facebook, Amazon Ask Trump To Preserve DACA
Standing together as one and fighting for every single person’s rights, that is what hundreds of chief executives from the biggest...September 15, 2021
Hailey and Justin Surprise Fans with Matching Wedding Rings, And You Won’t Believe How Much They Cost!
In June 2018, Justin Bieber and Hailey Baldwin shocked the world when they reignited their romance, just weeks after the Canadian singer...September 15, 2021
With $600-Million Net Worth, Rihanna’s Planning to Use Her Money for a Very Special Cause
Rihanna is like Kobe Bryant, at least in terms of her fierceness, according to producer Evan Rogers, who discovered the then-teenager...September 15, 2021
Wendy Williams Partners with New Foundation Following Her Devastating Split from Cheating Husband
Just like her marriage to Kevin Hunter, Wendy Williams’ charity organization, The Hunter Foundation, has also now been dissolved. Wendy Williams shocked...September 15, 2021
The Maldives has a Program that’ll Reward You for Traveling There–Here’s How it Works
While there are many destinations that have opened up their doors once again for leisure travelers, it seems like the number...September 15, 2021
A Children’s Story By A Bank: Should You Read It To Your Child?
The days when children’s bedtime stories used to have fairy tales about princesses in distress who were rescued, one way or...September 15, 2021
Bret Michaels Gave This Baseball Player an Unforgettable Gift After Being Touched by His Inspiring Story
For the longest time, Rockstars were unfairly discriminated as rebellious and malicious individuals, clad in tattoos and dark makeup. However, this twisted perception has long been...September 14, 2021