'99 Problems' But Money Ain't One: Jay-Z Doubles Net Worth in Record Time

Kevin Mazur/Getty Images for Sean Combs

Jay-Z is pictured on the far right with Diddy, a current member, and Ye, a former member, of hip-hop's three-comma club.

Hip-hop impresario Jay-Z has once again proven that he's not just a businessman; he's a business, man.

The "99 Problems" artist has surpassed other notable billionaires, such as former NBA icon Michael Jordan ($2 billion) and Apple CEO Tim Cook ($1.8 billion), having doubled his net worth in record time over just a few short years.

According to Forbes, the Brooklyn-born rapper's net worth has reached a staggering $2.5 billion, placing him at No. 1,209 on the list of the world's wealthiest individuals. He's rubbing shoulders with media powerhouse Oprah Winfrey, who shares the same net worth and comes in at No. 1,204.

.@Forbes updates Jay-Z's net worth pic.twitter.com/nN5OYD6bVX

— JAY-Z Daily (@JAY_Z_Daily) March 23, 2023

In 2020, Forbes estimated Jay-Z's net worth to be $1 billion, which increased to $1.4 billion in 2022. During that same year, Jay-Z was named the third highest-paid entertainer after he sold his stakes in the music streaming platform Tidal and the champagne brand Armand de Brignac.

The Grammy winner's latest increase in net worth is largely due to his February deal with Bacardi over the D'ussé cognac brand. Bacardi acquired a majority stake in Jay-Z's stake in the brand, leaving the rapper with a "significant ownership role."

In addition to profits from his music, Jay-Z's fortune is the result of his successful business ventures, which have included investments in real estate, art, and spirits. In 2019, he was hailed as the first hip-hop billionaire, surpassing his former protege Kanye West.

Jay-Z's wife, Beyoncé, who has been married to the rapper since 2008, also has a significant net worth of $450 million, according to Forbes.