Jay Z Net Worth
Famous rapper Jay Z has many sources of income. No wonder his net worth is estimated to be approximately $600 million in 2015. That’s huge increase compared to 2014 Forbes estimate of $520 million. How did he make so far from his poor neighborhood? Is it all about being great music artist or has he some other secret tricks to gain money?
Shawn Carter (known as Jay Z) was born Brooklyn, New York and grew up with his mom and three siblings. They didn’t have much money. He was rapping since he was a kid. But no record label wanted him so he was selling from his own car. Later he created his own independent label to publish his music. His way to rich and glory was a long one but paid off. He slowly built his success as a rapper and entrepreneur at the same time. Jay Z had his own record label, clothing line, and also several clubs. His net worth continually grew.
Today, he lives with his wife Beyonce (they married in 2008) in huge mansion in Holmby Hills, California. They are renting this luxury real estate for $150,000 per month and still trying to find some love nest to buy. They were out-bid last year by someone else. And not everything he touches turns to gold. Jay Z is a co-owner of the Brooklyn Nets basketball team. He paid reportedly $4.5 million and over the year his share depreciated rapidly.
