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Entertainment
Jay-Z And Beyoncé Now Have A Combined $1.4 Billion Net Worth
What’s better Than One Bil- lionaire? Jay-Z and Beyoncé are actually smartly into ten- determine territory.
It has been a week of exces- sive notes for song’s first cou- ple. the day past, Forbes reported Jay-Z a billionaire; lately, Beyoncé claimed the No. fifty one spot on the list of america’s Wealthiest Self- Made women with a web worth of $400 million. That puts the pair’s mixed web worth at $1.4 billion.
“It’s greater than hip-hop,” stated Swizz Beatz, the su- perproducer at the back of “im- prove U,” probably the most couple’s largest hits. “It’s the blueprint for our culture.”
For Jay-Z and Beyoncé, who’ve been married for slightly over a decade, their ag- gregate fortune is the fabri- cated from both particular person accomplishments and a uncommon sort of synergy— regardless of very completely different backgrounds.
Jay-Z grew up in Brook- lyn’s notorious Marcy housing initiatives, building an empire in many ways out of necessity: he decided to start his personal document label within the mid-Nineties after the majors at the beginning turned him down. He applied that same way to style shortly thereafter, launching his Rocawear ap- parel line with several com- panions, sooner or later promoting the brand to Iconix for $204 million in 2007.
Jay-Z had his pick of man- ufacturers to work with—over again, he opted for possession, each together with his Armand
BEYONCE AND JAY-Z
de Brignac champagne and D’Ussé cognac, a three way partnership with Bacardi. As he defined to Forbes in 2010: “Hip-hop from the start has al- ways been aspirational.”
Beyoncé went a rather completely different route for a lot of her career. rising up in Houston, she earned her first style of stardom as a member of destiny’s kid before going solo. Her fortune principally came from accrued cash earn- ings, due to her potential to promote out arenas, churn out multiplatinum albums and land deals with blue chip man- ufacturers from Pepsi to HM.
She has honed her entre- preneurial focus more recently, shopping for back her Ivy Park athleisure line and relaunching it with Adidas prior this 12 months. search for her to deal with the challenge with utmost care. “I’ve labored too arduous and sacrificed an excessive amount of to do something foolish that will mess up the logo I’ve created all of these
years,” she informed Forbes a decade ago.
Jay-Z and Beyoncé have additionally constructed a lot of their empire collectively. within the wake of their Grammy-profitable dual album Everything Is Love, they achieved On The Run II, their encore stadium tour, last summer season—grossing a quarter-billion greenbacks. They’ve transform startup traders (though studies of a $300 million haul for Bey- once at Uber’s IPO had been debunked). and so they’ve ac- cumulated a real property portfolio spanning from l. a. to the Hamptons.
“Their careers blossomed collectively,” explained pro- ducer Jim Jonsin in an inter- view for my guide Empire frame of mind. “He attached himself to all her fanatics, and then they went and got into his stuff. the identical goes for her ... they may be the president and first woman of the music business.”
Ray J has announced his latest business venture is tak- ing on the cannabis industry, as the singer has reportedly in- vested $5 million in William Ray LA, a new recreational cannabis business.
While the company has been in the works for a year, High Times reports that it will finally become official this week, as Ray J revealed to his followers on Instagram. According to the outlet, William Ray LA has “an indoor grow facility, an expert team, and plans to launch with self-branded preroll joints that will come in either indica or sativa varieties.”
Our Ray J sources tell TMZ ... he’s already poured in $5,000,000 to fire up a cannabis company in Cali, and the first rollout will feature pre- rolled joints, dubbed, “Ray J’s.”
As you see in the video, Ray J ain’t playing around when it comes to his plants ... he’s al- ready got a greenhouse stocked with rows and rows of dank, and the flowers look like the stickiest of the icky!!!
The company is called MAD- DVIBES, and Ray J’s assem- bling a top-notch gang of ganja
Ray J speaks on stage dur- ing BET music showcase Grammy Awards weekend at NeueHouse Hollywood on February 08, 2019 in Los An- geles, California.
experts specializing in growing, branding and marketing herb ... and he’s going to put his stamp on the biz with his own personal knowledge and ex- pertise. See, smoking pot has tons of benefits!!!!
Ray J’s manager told TMZ that his new cannabis company will focus on alternative mar- keting strategies in media, music and entertainment.
Self-Made: Jay-Z Officially Named Hip-Hop's First Billionaire
Ray J Invests $5M In New Cannabis Company ‘William Ray LA’
It's official – Forbes has de- clared Jay-Z hip-hop's first billionaire.
Hov has reportedly accu- mulated a fortune that totals $1 billion, making him the first musician in hip-hop to do so. Heisalsooneofonlyafewen- tertainers to achieve that feat. According to Forbes, Jay's empire was built through vari- ous deals in liquor (Armand de Brignac and D’Ussé), cash in- vestments, art collections, real estate, streaming services, his record label, and music cata- log.
Jay-Z's cash and invest- ments come to a total of $220 million; his stake in liquor brands D’Ussé and Armand de Brignac totals $410 million; his music streaming platform, Tidal, tallies at $100 million; Roc Nation follows with $75
JAY-Z
million; his music catalog rakes in $75 million; his art collection, $70 million; finally, his real estate investments to- tals $50 million.
Some may assume that Dr. Dre already achieved billion- aire status a couple of years ago, but that isn't entirely true. According to Forbes, Dre sold
his brand, Beats by Dr. Dre to Apple for $3 billion. While his company is worth billions, Dre's personal net worth is $850 million.
Jay's story is especially as- tonishing considering his jour- ney to the top. Coming out of Brooklyn’s Marcy housing projects, Jay hustled as a drug dealer. He later traded in the life for music, cofounding Roc- A-Fella Records and releasing 14 No. 1 albums.
Swizz Beatz, the super- producer behind some of Jay- Z’s biggest hits, says that people can look to Jay as the model of success. "It’s bigger than hip-hop ... it’s the blue- print for our culture. A guy that looks like us, sounds like us, loves us, made it to something that we always felt that was above us," he said.
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