Jay Z’s Businesses: Most people are by now aware that Jay-Z is not just a rap artist but a bona fide business mogul with many very well performing businesses. But it’s easy to escape just how many different businesses he’s into. If you count those he started, those he licenses his image or IP to and those he advises, it’s very impressive, especially given how many sectors he’s into. Last week the Wall Street Journal did a great story on Jay-Z’s business empire that you should go read. But we’ve compiled all the interesting businesses that Jay-Z is into from that list.
Roc Nation
Jay-Z created this company with Live Nation in a $150 million, 10-year deal. In the internet age, the company makes money not just on music sales but on music publishing, artist management and touring.
Live Nation put up $25 million up front and $5 million every year for overhead for this new venture, and will get a share of the revenues, which is going to come not just from Jay-Z’s own work but from new talent he’s planning on incubating there.
The company hasn’t put out one artist since it was founded two years ago and yet is profitable, says Jay-Z, precisely because of its diversified revenue streams. Smart.
The New Jersey Nets
Nets CheerleadersJay-Z is a part owner of the NBA team the New Jersey Nets. Last year Forbes valued it at $269 million.
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