Jay-Z’s fortune: The sports ventures of the rapper and husband of Beyonc

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Jay Z is an American rapper and businessman born in Brooklyn, New York in 1969 under the name Shawn Carter.

At one point during his high school days he was a classmate of two guys who were to become household names in the music industry, they were Notorious BIG and Busta Rimes.

During his youth, he fell into dangerous environments and situations including dealing drugs, and even ended up being shot several times.

Since then, he has managed to become one of the most successful musicians and businessmen in the world, winning 22 Grammy Awardsall his albums went platinum and sold more 100 million copies world between them.

Jay-Z’s lucrative sports business

Since the 1990s Jay Z started investing money in different businesses, especially around music and clothes, but in 2004 he decided to enter the sports industry and was allowed to buy a $1 million minority stake with the NBA New Jersey Nets.

He was instrumental in moving the franchise from New Jersey at brooklynsince he helped orchestrate everything with the majority owner of the team at the time, Mikhail Prokhorov.

Carter also took a minority stake in Barclay Center the arena, home of the brooklyn nets.

Jay Z then embarked on sports management with the launch of Roc Nation Sports in 2013and had to sell his stake in the NBA team due to league conflict of interest rules.

He sold for $2.35 milliona 135% profit However.

His brand represents and has negotiated some of the greatest athletes in the top leagues in major sports.

What is Jay-Z’s net worth?

Jay Z has an estimated net worth of $1.3 billion.

He became a billionaire for the first time in 2019because of his extraordinary ability to invest and generate revenue for his brand.

That year, his venture capital firm, Marcy Venture Partnersraised above $85 million in investment capital, a number that continues to grow.

Along with his wife, Beyoncethey have more $150 million in real estate just in the United Statesand the couple even have their own private island in the Bahamian.

In 2017 they bought a $88 million 30,000 square foot mansion at beautiful airwith public documents showing a $52 million mortgage be removed for purchase.

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