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Jay-Z has made five times more money from booze than music

Illustration for article titled Jay-Z has made five times more money from booze than music
Photo: Kevin Mazur / Contributor
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This week, Forbes declared that Jay-Z is the first hip-hop artist to become a billionaire—to be precise, he has “accumulated a fortune that conservatively totals $1 billion,” thanks to a “steadily growing kingdom [that is] expansive, encompassing liquor, art, real estate (homes in Los Angeles, the Hamptons, Tribeca) and stakes in companies like Uber.” And as Food & Wine notes, the most lucrative segment of that steadily growing kingdom is alcohol.

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Per Forbes, Jay-Z’s famous person alcohol, Armand de Brignac (the “Ace Of Spaces” Champagne), is his “single most lucrative investment,” earning him $310 million—he’s the sole owner. He’s also invested in a cognac brand, which bring his total investment in alcohol to $410 million dollars, which is considerably more than his investment in art, real estate, and yes, his music catalogue ($75 million). Throw TIDAL and Roc Nation, his entertainment company, into the mix and it’s still a sum less than just the total for the Champagne.

Maybe that’s why he’s getting into cookies? Marcy Venture Partners, which Jay-Z backs, forked over $1 million in seed capital to a New Jersey-based company which makes allergen-free cookies, reports Entrepreneur. Feel free to make your Jay-Z lyric/cookie jokes in the comments; we’re going with “If you’re feeling like a cookie mogul, go on brush your shoulders off, because they are covered with crumbs, from cookies.”

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Jay-Z isn’t the first entertainer to make even more money from not entertaining than from entertaining; George Clooney was named the world’s highest paid actor in 2017-2018, a period in which he made no movies, but did make a lot of tequila.

Contributor, The A.V. Club and The Takeout. Allison loves TV, bourbon, and overanalyzing social interactions. Please buy her book, How TV Can Make You Smarter (Chronicle, 2020). It’s short!

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He is also reportedly down to 12 problems.