The Low Down How Jay-Z Became Hip-Hop’s First Billionaire Updated 5 months ago on Jun 27, 2019 By Jade Wilson Ever wonder how much money Jay-Z has? According to news reports, the rapper has officially reached billionaire status. Thanks to his wise investments in art, alcohol, and acreage, Jay-Z has become larger than life. But things weren’t always so easy for Hova. From growing up in the projects to revolutionizing the music scene, find out how Jay-Z became the richest rapper in history. Empire State Of Mind For those of you who didn’t know, Jay-Z didn’t exactly come from the wealthiest background. Born Shawn Corey Carter on December 4, 1969, Jay-Z was raised in the Marcy housing project in Brooklyn, New York. The aspiring rapper and his three siblings were brought up by their single mom Gloria Carter in a low-income neighborhood. Jay-Z even reportedly told interviewers that he grew up selling drugs and was shot at several times. Luckily for him, the aspiring rapper went to George Westinghouse Career and Technical Education High School, the same high school as the Notorious B.I.G. and Busta Rhymes. Jay-Z found escape in playing music, and acquired his signature moniker from his childhood nickname, “Jazzy,” and his favorite rapper’s name “Jaz-O.” Soon enough, Jay-Z dedicated his entire life to music. Surprising, the rapper even distributed his CDs from the back of his car before he was signed. In 1995, Hova, along with Damon Dash and Kareem Biggs, established the music label Roc-A-Fella Records. By the following year, Jay-Z had struck a deal with the music label Priority, and launched his 1996 album Reasonable Doubt. His debut record was declared platinum. In 1997, Jay-Z was scouted by Def Jam and premiered his album In My Lifetime, Vol. 1, produced by P. Diddy. The rest is hip-hop history! Can’t Knock The Hustle If there’s one thing we know for sure about Jay-Z, it’s that you can’t knock this man’s hustle. After establishing a record-breaking musical career, the entrepreneur set his sights on some serious long-term investments. Aside from his creation of Roc-A-Fella Records, Jay-Z also introduced his clothing brand Rocawear in 1999. In 2007, he was able to flip the brand for $204 million. The businessman is also the co-owner of the Cognac manufacturer D’Ussé and has invested $100 million in the brand. He has also contributed $310 million to his own champagne brand, Armand de Brignac. Not to mention that Jay-Z has a $100 million stake in the exclusive music service TIDAL. Hov also put $70 million of capital into Uber, $70 million of capital into priceless works of art, and $50 million of capital into real estate properties. It’s no wonder that Jay-Z has been so wealthy over the years, thanks to all of his smart investment strategies. Brooklyn’s Finest A true rags-to-riches story, Jay-Z has gone from extreme poverty to extreme affluence. He’s become the richest rapper in the world, thanks to his savvy investments. With a $75 million stake in his entertainment company Roc Nation and a $75 million stake in his music, Jay-Z’s net worth will most likely continue to climb over time. His days of living a “hard knock life” are gone forever. Although it’s true that he’s officially a billionaire, some of Jay-Z’s closest friends believe that he is only just beginning his ascent into superstardom. When asked about the rapper’s extraordinary accomplishments, hip-hop producer Swizz Beatz dished to Forbes that, “A guy that looks like us, sounds like us, loves us, made it to something that we always felt that was above us.” Swizz Beatz continued to tell Forbes that “If he’s a billionaire now, imagine what he’s about to be. Because he’s only just starting.” UP NEXT We’re Not Ready to Accept the Fact That These Movies Turn 1... Related Topics:bilionairejay zmusicnew yorkrapperrichest Up Next We’re Not Ready to Accept the Fact That These Movies Turn 10 in 2019 Don't Miss NSYNC Members To Discuss Possible Reunion Plans Continue Reading You may like Why These Five Celebrities Don’t Consume Alcohol Ozzy Osbourne Plans To Continue Making Music Even After His Frightening Fall At Home Paul McCartney Says He ‘Dreams About’ John Lennon Nicole Scherzinger To Rejoin Pussycat Dolls On Reunion Tour Beyoncé Shares Intimate Moments With Her Family In New ABC Special Ja Rule To Re-Release Discography As Visual Albums Click to comment The Low Down The Women Behind Two and a Half Men Two and a Half Men’s Charlie, Alan, and Jake had one of the most exciting bachelor lifestyles together. Stretching over the course of 13 years and 12 seasons, the show saw many adventures and many talented actresses, some of whom were relatively unknown at the time when they appeared on the show. But these women who helped make the series what it is have used their talent in many other remarkable ways, too. Published 2 hours ago on Nov 18, 2019 By Dillon Melet Continue Reading The Low Down ‘Saved By The Bell,’ ‘Punky Brewster’ Revivals Heading To NBC’s Peacock Revivals have become a huge trend in TV over the last few years. Networks are looking through their properties to see which they can bring back for a reunion season or special to drive a bit of nostalgia. NBC's upcoming series Peacock is embracing the trend as well, bringing back a few familiar faces to support its launch. The Fight... Published 3 days ago on Nov 16, 2019 By Michael Evans Continue Reading The Low Down 3 Awesome Predictions For ‘Stranger Things’ Season 4 Season three of Stranger Things left a lot of doors open for the future of the series. Here are a few theories for what’s in store for the fourth season of the aforementioned show. As a reminder, all of these predictions are going to contain spoilers for season three. Make sure to check out the final season before reading. There May Be Hope... Published 4 days ago on Nov 14, 2019 By Jade Wilson Continue Reading Facebook Latest Popular Gallery The Low Down2 hours ago The Women Behind Two and a Half Men Walk of Fame1 day ago Forgot These Celebrities Have Criminal Records? Cause We Didn’t The Outside World2 days ago Find Out The Real Reason Why Martin Scorsese Walked Away From Joker The Outside World2 days ago ‘Bad Boys For Life’ Trailer Sheds Light On What Audiences Should Expect The Low Down3 days ago ‘Saved By The Bell,’ ‘Punky Brewster’ Revivals Heading To NBC’s Peacock The Drill Down3 days ago Moments On ‘Friends’ That Make You Cringe Today The Drill Down4 weeks ago These Celebrity Gravestones Are Sure To Give Fans A Good Laugh (Or Cry) Walk of Fame3 weeks ago Here’s The Short On Hollywood’s Shortest Men Who Have Reached Great Heights Walk of Fame3 weeks ago Famous Sportscasters’ Salaries: How Much Do They Really Earn? Walk of Fame3 weeks ago ’70s Stars Who Have Lived the Past 50 Years In Luxury Walk of Fame4 weeks ago Her ‘Love Don’t Cost A Thing,’ But These Jennifer Lopez Red Carpet Moments Are Worth A Million Bucks Walk of Fame2 weeks ago Hollywood’s Most Beautiful Women of All Time The Low Down2 hours ago The Women Behind Two and a Half Men Walk of Fame1 day ago Forgot These Celebrities Have Criminal Records? Cause We Didn’t Walk of Fame5 days ago The Last Known Photos of Some of History’s Greatest Icons Walk of Fame5 days ago The World’s Highest Earning DJs Are Turning up the Volume Walk of Fame1 week ago Which American Idols Made It Big When The Cameras Stopped Rolling? Walk of Fame1 week ago These WWE Wrestlers Were Great In the Ring, But What About Life After Wrestling?