- Among the richest rap moguls in the world, Jay-Z has invested in a number of other successful ventures, including a clothing company and a sports management agency.
- The rapper/entrepreneur’s newest venture is a collaboration with Silicon Valley’s Walden Venture Capital.
Rapper-turned-mogul Shawn “Jay-Z” Carter, 48, is expanding his already impressive investment portfolio. Jay-Z is behind a new venture fund called Marcy Venture Partners with business partners Lawrence Marcus of Walden Venture Capital and Jay Brown of Roc Nation, according to California regulatory filings and reported by Axios.
Reported to be worth $900 million, according to Forbes — and that’s not including wife Beyoncé’s reported $350 million fortune, according to Forbes — Jay-Z’s entrepreneurial vision has broadened far beyond music in the last two decades.
Jay-Z’s former and current investments range from a sports team to a luggage company and include:
- Rocawear, a clothing company
- 40/40 Club, an upscale sports bar and restaurant chain
- Spirits brands Armand de Brignac champagne and D’Usse cognac
- The Brooklyn Nets, an NBA team
- On-demand private plane service company JetSmarter
- Roc Nation Sports, a sports management agency
- Recording labels Roc-A-Fella Records — then Def Jam Recordings — and Roc Nation
- Financial trading platform Robinhood
- Luggage maker Away
- Tidal, a music streaming service that Jay-Z owns with other music A-listers
Amid Jay-Z’s ever-expanding collection of business projects, he still performs for adoring crowds with Beyoncé, with their three children in tow as they travel.
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This article originally appeared on GOBankingRates.com: Jay-Z’s Latest Surprise Release Has Nothing to Do With Music