Lifestyle

Beyoncé & Jay-Z’s Combined Fortune Made History-Forbes

A quick one, do know Jay-z is not on Instagram? he came in and out last on his Instagram page and after he posted about Michael Jackson death. Do know Beyoncé and Jay-Z wrote on the third track of their surprise album Everything is Love, which came out last June.

A year later, it’s clear that the couple wasn’t just taking poetic license: With Jay-Z’snewly-minted status as a billionaire and Beyoncé’s place on Forbes’ richest self-made women list, the music moguls are one of America’s wealthiest couples.

It’s been a banner year for the married couple, whose combined net worth now totals an estimated $1.4 billion. Jay-Z, whose steadily growing portfolio of businesses includes liquor, art, real estate and stakes in companies like Uber, is the first hip-hop artist to become a billionaire. Meanwhile, Beyoncé, whose fortune increased to an estimated $400 million from $355 million last year thanks to continued touring and an album release, ranks No. 51 on Forbes 2019 list of America’s most successful self-made women (up to two places from last year).

Their combined net worth of $1.4 billion makes the music moguls one of the most 10 successful husband-and-wife teams in the country, and certainly the most recognizable.  Unlike many other couples who founded businesses together, they both struck it rich with complementary but separate businesses. Beyoncé’s wealth comes mostly from earnings from touring, music sales and merchandise.

Her husband, on the other hand, amassed most of his wealth from his ownership of Armand de Brignac champagne, investments, his cognac partnership with Bacardi and his own music career, among other sources. Both Beyoncé and Jay-Z have stakes in music streaming service Tidal.

Other entrepreneurial husband-and-wife teams might not be as famous, but their businesses are well known. Do Won and Jin Sook Chang came from South Korea in 1981 in search of better opportunities. “At the time [people in] South Korea weren’t living as well,” Do Won told Forbes in 2016.

He worked three jobs as a dishwasher, gas station attendant and office cleaner, while she worked in a hair salon. They saved up and in 1984 opened a clothing store. Today they co-own and run Forever 21, a clothing empire with over 815 stores and $4 billion in sales. Their combined net worth is $3 billion.

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king James

I am James Idinye the content CEO of King James Media Company the owner of kjmblog.com, I blog and am also a professional security expert.

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