From street criminal to becoming the world’s first “USD billionaire” rapper

 American rapper Jay Z has officially become a USD billionaire, he is the first star of the rap and hip-hop genres to reach the “billion dollar” level. Previously, when he was a young, impulsive young man, there was a time when Jay Z was a street criminal, selling banned substances.

Rapper Jay ZJay Z does not have an ideal background. He used to be a street criminal, selling and transporting illegal substances in the Brooklyn area, New York, USA during his impoverished, impoverished youth years.

But it was the love for art and the desire to change his life that made Jay Z determined to say goodbye to his dark past to turn to a new page, earning real money from his work as a rapper.

Once he had accumulated, Jay Z turned to the fashion business , beverage business, painting collection, investing in developing companies, buying and selling real estate… After many years of effort, Now, at the age of 49, Jay Z has become a billionaire.

Sharing frankly about his “good business”, rapper Jay-Z once said: “The biggest deception for artists is that people often say that artists are not good at making money and that if they are good at making money, they are not good at making money.” There is no longer an artist’s soul.

“When you’re in a recording studio, you’re an artist, you make music, and once you’re done with the product, you have to market it to the world. I see nothing wrong if an artist is sharp, has a good mind, and knows how to make his product popular.”

Rapper Jay Z and his wife – singer Beyonce

In the artist world, Jay Z has long been known as a successful figure in both art and business. He has won 22 Grammy awards from 77 nominations; Besides, he has always made many correct decisions in business, bringing great profits.

Currently, this male artist owns a painting collection worth $70 million and real estate worth $50 million. He also has about $220 million in cash and investments in companies.

Jay Z’s real name is Shawn Corey Carter. With assets equivalent to 1 billion USD, he has become one of the few entertainers who can reach “terrible” levels of wealth.

During his music career, Jay Z had 14 albums that rose to number 1 on the US music charts, and won 22 Grammy Awards – the most prestigious award in the country’s music industry. Jay Z owns his own music production company, founded an online music listening site, and has earned more than 500 million USD from music activities…

Rapper Jay Z and his wife – singer Beyonce

Jay Z became known in the financial and business world since he first appeared on the cover of the Forbes 400 edition launched in 2010, when this magazine ranked the 400 richest people in America. On the cover at that time, Jay Z appeared next to famous billionaire Warren Buffet.

Mr. Warren Buffet once commented on Jay Z: “Jay Z is giving lectures on finance and business in classes much larger than the classes I have ever taught. For young people growing up, he is a character you can learn a lot from.”

In 2018, Jay Z ranked 5th with reality TV star Kylie Jenner on the list of the world’s richest stars released by Forbes.

Since 1999, Jay Z has owned his own fashion product line and later sold it for 204 million USD in 2007.

Starting his business career, Jay Z showed his astuteness by avoiding the traditional contracts that stars often chose at that time, they often accepted representation or cooperated in investing and doing business with celebrities. brand, but Jay Z wanted to be more adventurous than that.

He wants to build his own brands instead of wasting effort promoting other people’s brands. Now, when Jay Z is a billionaire, people are waiting for what he will achieve next, because at the age of 49, Jay Z still has many internal resources and ideas.

Rapper Jay Z and his wife – singer Beyonce

Besides Jay Z’s success, it is impossible not to mention the success of his wife – singer Beyonce. In 2018, Beyonce’s assets were worth up to 350 million USD. Besides being one of the most sought-after artists in the music industry today, Beyonce (37 years old) is also very flexible and dynamic in business.

In the rapper world, in 2014, Dr. Dre also almost became a billionaire after selling the Beats Music brand and online music service to a large company. After that big deal, paying taxes caused the amount of money that Dr. Dre received less than a billion dollars, so he still can’t become a billionaire. Rapper Diddy is also currently expected to become a billionaire as this artist currently has a net worth of about 825 million USD.