Besides Luxury Cars, Jay-Z Spends His Massive Fortune on These 2 Lucrative Industries

Just this month, Forbes shocked the world they added another celebrity in their billionaire list. According to the prestigious magazine, Jay-Z’s net worth is now at a staggering $1.88 billion, hailing him as the first rapper to breach the billionaire mark.

While Jay-Z loves to invest his money in business, he reveals he also spoils himself from time to time. One major example of that is Jay-Z’s expensive automobile empire.

The rapper loves to buy vehicles from top brands like Tesla, Lamborghini, and Bugatti. Aside from his cars, Jay-Z reveals he also ventured into spending his money in these two luxurious industries. Let’s uncover why Jay-Z claimed his splurging might also be considered his wise investment too.

A Massive Fortune

Forbes adds that Jay-Z’s net worth hit the billionaire mark thanks to his successful champagne brand, Armand de Brignac, which, according to a magazine, is now worth a staggering $310 million. Meanwhile, the rapper sold his D’Usse cognac brand for $100 million, giving his net worth a massive boost.

Aside from these two notable milestones in his business, the famous rapper’s other companies also did well this year.

Despite Jay-Z’s limelight, the famous rapper is surprisingly private about his personal life with Beyonce and their family

His music streaming platform Tidal, for instance, is worth an astounding $100 million this year. Meanwhile, Jay-Z’s Roc Nation yields a $75 million value. Aside from his businesses, Jay-Z also invests his money in a myriad of large companies like Uber.

Real-Estate Properties

Most of Jay-Z’s fans may have known him for his expensive collection of cars but the famous rapper reveals that he’s also fond of collecting luxurious houses. In 2017, the couple just dropped a staggering $26 million on a mansion in East Hampton without batting an eye.

Jay-Z said they bought a house in 2017 as a gift to their children, Rumi, and Sir in 2017

According to Jay-Z, they bought the said property to welcome their beloved twins in life. The said mansion has luxurious amenities like lavish bathrooms, soaking tub, Jacuzzi, a meadow preserve, and a pond. Aside from their main estate, Jay-Z and his wife also bought a 1,800-foot guest house in New York.

His Latest Acquisition

As if these properties aren’t enough, they also bought a palatial Bel Air house designed by the renowned architect Paul McClean. It features eight bedrooms, floor-to-ceiling glass windows, 15 garages for their cars, and a basketball court. Jay-Z and Beyonce spent a whopping $26 million to buy the modern property.

Aside from real-estate, the famous rapper says he’s also interested in collecting exquisite art masterpieces. As an avid collector, Jay-Z reportedly bought Mecca from Jean-Michel Basquiat for an astounding $4.5 million.

Forbes estimates Jay-Z’s art collections cost a staggering $70 million

He also owns numerous masterpieces from renowned artists like Damien Hirst, Pablo Picasso, and Shepard Fairey. To express his love for fine arts, Jay-Z featured some of the artworks he bought in his music videos. He also doesn’t plan on stopping from splurging himself in these hobbies anytime soon.