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.
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