Jay Z recently relaunched Tidal, a $20-a-month music streaming service that some say could spell trouble for other sites like Spotify.
The launch is the latest in a string of business successes for the 45-year-old rapper, who owns a record label, talent agency, and fashion brand. His estimated net worth is $500 million.
Jay Z has found success by creating his own opportunities.
In doing so, he's gone from being a teen selling drugs on a Brooklyn street corner to a bona fide business mogul.
Before he ever was a successful rapper or businessman, Jay Z was Shawn Carter, a teen drug dealer on the streets of Bed-Stuy, Brooklyn. He has said drug dealing taught him how to budget, among other essential business skills. "At some point, you have to have an exit strategy, because your window is very small," he told Vanity Fair. "You’re going to get locked up or you’re going to die."
Source: Vanity Fair
Jay Z creates his business opportunities. In the late '90s, he couldn't get a record deal, so he and Damon Dash started their own label, Roc-A-Fella Records. "It was either give up or create my own company," he told Forbes. He was later signed by Def Jam Records.
Source: Forbes
He keeps an incredibly diverse portfolio. His wide business interests include a nightclub (The 40/40 Club), a liquor company (Armadale Vodka), a talent agency (Roc Nation), and a partnership with Barneys New York.
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