New York, NY (PRWEB) August 04, 2013
Celebrity Business Analyst analyzed Jay-Z’s sources of income and identified what portion of his and his wife’s $775 million net worth is Jay-Z’s. In response to a July 13th article in The Richest that discusses Jay-Z’s clothing line and the amount of money it brings in to Jay-Z’s bank account each year, Celebrity Business Analyst investigated the sources of Jay-Z’s income from his various investments and exercises in celebrity.
The article in The Richest identifies Jay-Z as Forbes’ 2nd most wealthy hip hop artist with $460 million. The article lists his highest-paying venture as the selling of his "Rocawear" clothing line, which brought in $204 million. Followed by that, Jay-Z signed a 10 year deal with Live Nation, a company dealing with the promotion of concerts and live events, bringing in an additional $150 million. In addition to Live Nation, Jay-Z had a hand in the New Jersey Nets, Carol’s Daughter—a cosmetic company located in New York—the battery manufacturer Duracell, and finally, his own line of Vodka, called "Armadale." The sum total of Jay-Z and wife Beyoncé’s earnings brings their combined net worth to $775 million, which made them Forbes’ Highest Paid Celebrity Couple in 2012.
Given Jay-Z’s extensive background in business ventures and partnerships, it comes as no surprise that the hip hop mogul possesses a net worth of $500 million apart from his wife. In addition to his business ventures, Jay-Z is also a rapper and songwriter, and has been working in the music industry for over 15 years, releasing 15 albums in all that time—many of which have gone platinum. Furthermore, he owns several nightclubs, has endorsements from over six different companies, varying from Hewlett Packard to Chevy, and owns a record company. Jay-Z’s net worth has been steadily building for approximately 17 years, as he has built not only a career in the music industry, but has also made many business investments, accepted numerous endorsement deals, and carved out a name for himself in a handful of small film roles. His income is also bolstered by his performances, both live in concert and available via TV specials. Jay-Z’s bank account, though far larger than the average American, has been steadily and shrewdly built for almost twenty years.
CelebrityBusinessAnalyst.com researched Jay-Z’s various sources of income, from his music career to his partnership with Duracell batteries. After locating the greatest sources of his income, Celebrity Business Analyst identified Jay-Z’s vast wealth as totaling $500 million, built over a period of 17 years. Alongside his talent, Jay-Z has shown himself to be a true entrepreneur.
About Celebrity Business Analyst:
CelebrityBusinessAnalyst.com is an online resource for analyses of celebrity income and expenditures, and the financial aspects of filmmaking and the film industry.