How Real Estate Played a Role in Jay-Z Becoming Hip-Hop’s First Billionaire

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The world has been listening to his hits for over two decades with chart-topping songs such as "Empire State of Mind" "Holy Grail" "Can't Knock The Hustle" "Izzo" "Otis" and "4:44" revolutionizing the music industry with raw lyrics that center around the experience of Shawn Corey Carter who has now become the world's first Hip-hop billionaire known as Jay-Z. Recently crowned Hip-Hop's first billionaire by Forbes, the rapper has accumulated a fortune that totals over $1 billion with different business ventures through the liquor, art, music and real estate industries. The rapper's real estate portfolio amasses over $50 million in value, playing a key role in his business ventures and investments. Here, we're taking a look at Jay-Z's impressive real estate portfolio he's acquired and sold over the years alongside wife and music icon, Beyoncé.

Jay Z, photo courtesy of Shutterstock

Tribeca Penthouse

In the early 2000s, before Jay-Z and Beyoncé became one of Hollywood's most iconic and impactful couples, the rapper purchased a $6.86 million penthouse on the 7th floor of 195 Hudson Street. The apartment features over 8,000 square feet of an open floor plan with an additional 3,000 square feet of a rooftop terrace. Fun fact: the couple held their intimate wedding ceremony here.

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Oceanfront Miami Estate on Isle of Billionaires

After getting married, the couple sold Jay-Z's Tribeca penthouse and relocate to the Magic City with a jaw-dropping oceanfront property on Miami's Isle of Billionaires -- an exclusive island in Miami's Biscayne Bay. The couple lived here for two years before parting ways and selling the home in 2010 for $9.3 million.

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Historic Church in New Orleans

Returning to the south and tying into Beyoncé's southern roots, the couple purchased a historic church in the Garden District of New Orleans. The property was purchased by the couple for $2.6 million in 2015.

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East Hampton Estate

The Carters first started out renting properties throughout the exclusive area but became owners of a gorgeous East Hampton property priced at $26 million. The property boasts over 17-acres of nature preserves and was designed by famed architect Stanford White.

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Bel-Air Mansion 

The couple purchased an $88 million mansion in Los Angeles' ultra-exclusive famed Bel-Air neighborhood. The property was the most expensive sale of 2017 in Los Angeles County, featuring 8 bedrooms, multiple pools, a basketball court and separate quarters for the staff.

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