Jay-Z net worth – 500 Million bucks!
Jay-Z, real name Shawn Knowles-Carter, is a successful American record producer, rapper and businessman. He raised to the fame in mid 1990s, following the release of his debut album Reasonable Doubt. This work was unanimously praised by critics as a “seminal work” and “crowning achievement”. Since 1996 numerous influential music publications, such as Rolling Stone, Blender and The Source, have included Reasonable Doubt into their lists of all-time greatest albums. Shawn is also credited as a founder of two successful record labels, Roc-A-Fella Records (together with Biggs Burke and Dame Dash) and Roc Nation. He is also a former chief executive officer of pioneering hip hop label Def Jam Records. As for 2013, Jay-Z net worth is estimated at $500 million. His financial success leaves most of the other hip-hop recording artists far behind.
There a few sources of Shawn’s miraculous fortune. To start with, during his career, which now spans over nearly two decades, Zay-Z has released 12 albums that topped Billboard 200. In this respect he has achieved more than any other solo artist in any genre. His seemingly inexhaustible talent and creativity has earned Carter a place among the greatest MC’s of all time, as ranked by MTV and numerous other sources. In addition to his record labels, the rap mogul owns a profitable chain of lounges and sports bars, entitled 40/40 club. In the late 1990s Jay-Z and Dame co-founded a clothing company Rocawear. According to Reuters, in 2007 alone the company’s annual sales equaled $700 million. Needless to say, a good part of this sum landed in the pockets of founders, boosting Dame and Jay-Z net worth by yet another million or few.
Shawn was born and raised in Brooklyn, in a poor neighborhood of Bedford-Stuyvesant. His father walked on the family when Jay-Z was still a toddler, leaving his mother to raise their four children alone. Back in the day when he was a teenager growing in Brooklyn, Jay-Z net worth equaled to zero, thus in order to earn some cash he started selling crack cocaine. According to Shawn, during his period he has been shot three times. After the closing of Eli Whitney High School, the future millionaire started attending George Westinghouse Career and Technical Education High School, where he met fellow rapper Busta Rhymes and Notorious B.I.G. In the early 1990s writing rhymes and free-styling, which used to be Shawn’s hobbies, started bringing him money. Around that period the future millionaire appeared on Big Daddy Kane’s album and featured on Big L.’s hit “Da Graveyard”. Jay-Z net worth shot to the stars in the mid 1990s. In 1995, unable to sign with any major record label, Shawn and his partners co-founded their own company and used it to release his debut album. Jay-Z fortune has not stopped growing ever since.