Written by Anamika Sinha, Updated: February 23, 2025 14:19 IST
According to Ricardo’s post, despite being the world’s richest musician with a net worth of $2.5 billion and a winner of 25 Grammy Awards, only 3% of his wealth comes from music.
In a recent thread, X user Ricardo shared an in-depth analysis of Jay-Z’s remarkable financial journey. According to Ricardo’s post, despite being the world’s richest musician with a net worth of $2.5 billion and a winner of 25 Grammy Awards, only 3% of his wealth comes from music. The remaining 97% stems from his exceptional business acumen.
“If you want financial freedom, study his playbook,” Ricardo urged in his post, highlighting the invaluable lessons to be learned from Jay-Z’s career.
This is Jay-Z.
The richest musician of all time, worth $2.5 billion.
But despite 25 Grammys, his music makes up just 3% of his wealth.
The other 97%? Built through BRILLIANT business skills even Warren Buffett admires…
If you want financial freedom, study his playbook:🧵 pic.twitter.com/oVD3MT23rL
From selling CD’s to becoming world famous musician
Jay-Z’s rise to the limelight is as exceptional as it is inspirational. He was born and raised in Brooklyn’s Marcy Projects, a place known for its challenging environment. He struggled by selling CDs from his car at a very young age. Committed to making a mark in the field of music, he left high school to chase his dream. However, he failed massive hurdles in the early 90’s when major record labels often rejected him. Instead of giving up, Jay-Z co-founded Roc-A-Fella Records in 1995 in partnership with two other friends. He had a very clear vision to be master of your destiny. His debut album, Reasonable Doubt released in 1996 garnered critical acclaim and also prepared the groundwork for long-term financial rewards.
Jay-Z’s success story
Roc-A-Fella records prospered and attracted talents like Memphis Bleek and Kanye West, but Jay-Z’s aspirations went beyond music. He made entry into the world of fashion in the year 1999 by launching his clothing line-Rocawear which soon became a cultural sensation. By 2007, he not only sold the brand for $204 million but also retained a stake in its future growth.
His entrepreneurial drive did not just stop here, Jay-Z also invested in luxury brands like D’Usse cognac and Armand de Brignac champagne. He also set up Roc Nation, an entertainment conglomerate, and acquired music streaming service Tidal.
Warren Buffet once commented, ‘’Jay-Z is teaching in a much bigger classroom than I will ever teach in,’’ highlighting the massive impact of his business planning. Reinforcing the key to his success, Ricardo shared his advice, ‘’Your personal brand is the most valuable asset. Build it.’’ He concluded his post by sharing key takeaways from his life: bet on yourself, own your work, take responsibility for your work, expand your business wisely, utilise partnerships, and learn the art of keeping the money.
Story from Financialexpress.com
Anamika Sinha
Anamika Sinha works as a Senior Sub Editor with Financial Express Online. She has been working with the organisation since 2016 and has over 8 years of experience. An alumnus of the Indian Institute of Mass Communication and also holds a master’s degree from Dayalbagh Educational Institute. Anamika’s diverse portfolio spans the Infrastructure, Aviation, Railways, Economy, Jobs, World, Science, and Education sections. She was awarded The Indian Express’s ‘The Winning Strikers’ award, an in-house accolade at the pan-India level in 2019. Beyond her professional achievements, Anamika is an avid painter who finds joy and inspiration in creative pursuits during her free time. She is also a passionate plant hoarder.
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