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
Scarlett Johansson’s MASSIVE Marvel Paycheck Shows Closing Pay Gap in Hollywood
For the past decade, the Marvel Cinematic Universe has kept us thoroughly entertained, and there are no signs of them slowing...November 25, 2020
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...November 25, 2020
Why Single Ladies Have Less Debt Than Single Men
When is being indebted to people ever a good thing? Don’t answer that, it is a trick question. The answer is...November 17, 2020
5 Habits of Self-Made Millionaires That Allow Them to Retire in Their 20’s
Many of us dream of retiring a millionaire or at least earlier than normal. There’s a growing segment of people that...November 10, 2020
You Can Stay at These Marilyn Monroe or Howard Hughes-Inspired Bungalows for $8500/Night
If there is one hotel which the A-list celebrities of Hollywood just love to visit, it is the Beverly Hills Hotel....November 4, 2020
Count on the Duggars for an Amazing Renovation as They List a Mansion for $1.8 Million
Anyone who loves reality TV show knows who the Duggar family is. Jim Bob and his wife Michelle Duggar became household...November 4, 2020
Five Questions You Need to Ask Yourself Before Choosing a Business Bank Account
Having a business bank account is something that is required by the Internal Revenue Service (IRS) for all incorporated businesses. What’s...October 27, 2020
Biggest Financial Mistakes People Make that Lead to Debt, And How You Can Avoid Them
To come off as a responsible adult, you have to demonstrate that you can convincingly handle your finances. What’s that thing...October 27, 2020
This is How Johnny Depp Spends $2 Million a Month On His Lavish Lifestyle
According to the former business manager of Johnny Depp, the actor spends extravagantly to support his lavish lifestyle, requiring a monthly...October 20, 2020